47 MARSH EXECUTIVES CITED AS TOPS IN THEIR FIELD BY RISK & INSURANCE(R) MAGAZINE
Marsh Accounts For Nearly One
-Third of All Brokers Honored
NEW YORK, NEW YORK, Feb. 15, 2007
A leading U.S. risk magazine has recognized 47 executives of Marsh, the world's leading risk and insurance services firm, as among the top brokers serving clients in various industry sectors.
In its current February 2007 issue, Risk & Insurance(R) magazine published a list of 150 of its 'Power Brokers,' the country's top insurance brokerage executives within 27 different industry categories. The magazine's editors and writers developed the list with the help of more than 300 risk managers and made their selections based on the brokers' creativity in solving risk-related problems, industry knowledge, and high level of client service.
The 47 Marsh insurance brokerage and risk advisory executives who qualified as 'Power Brokers' accounted for nearly one-third of the 150 honorees and represented by far the largest number of executives from any one firm.
'Capturing almost a full third of this year's Risk & Insurance 'Power Broker' slots reflects the depth and breadth of our firm's talent. But this wonderful recognition of Marsh brokers by both clients and prospects is also a strong affirmation that our strengthening focus on risk advisory is the right strategy for this new era of emerging risk,' said Brian Storms, Chairman and CEO of Marsh Inc. 'Our core vision is helping clients turn risk from a liability into a competitive advantage. That's why we're investing heavily in training and development to ensure our people can lead the industry not only as premier brokers, but strategic risk advisors.'
The Risk & Insurance 'Power Brokers' is an annual listing of the most influential commercial insurance brokers in 27 industry practice groups. According to Risk & Insurance, the Power Broker designations are based on nominations provided by brokers as judged by separate panels of risk managers for each industry segment. Brokers were judged primarily on their demonstrated knowledge of the particular industry group, their creativity in solving risk;related problems and their high level of client service.
Risk & Insurance, published 15 times a year, focuses on thought-provoking, leading edge, strategic articles about risk management. The magazine identifies emerging issues and personalities in risk management and covers property-casualty insurance, insurance brokerage, alternative risk, reinsurance, business continuity, catastrophes, workers compensation, enterprise and operational risk, disability management and employee benefits.
Marsh has 26,000 employees and annual revenues approaching $5 billion. The firm provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 55,000 employees and approximately $12 billion of annual revenues. MMC also is the parent company of Guy Carpenter, Kroll, Mercer, and Putnam Investments. MMC's stock (ticker symbol: MMC) is listed on the New York, Chicago, and London stock exchanges. MMC’s Web Site is www.mmc.com.
Note to editors:
The Risk & Insurance 27 industry categories included: automotive, aviation & aerospace, chemicals, construction/design, education, employee benefits, energy, entertainment-media, entertainment-sports, environmental, financial institutions, fine arts, gaming, healthcare-general, healthcare-long-term care, hospitality/leisure, marine, pharmaceuticals, public sector, real estate, retailing-wholesale, technology/general, technology/hardware, technology/software, telecommunications, transportation, and utilities.
Media Contacts
Al Modugno
212-345-2448
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