Latest news with #MarshMcLennan
The National
26-05-2025
- Business
- The National
Best photos of May 26: A library in Mauritania to Macron in Vietnam
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said. Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth. 'Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,' said Mr AbuShaban. Mercer does not directly make investments, but allocates clients' money they have discretion to, to professional asset managers. They also provide advice to clients. 'We have buying power. We can negotiate on their (client's) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,' he added. Mercer Wealth's clients include sovereign wealth funds, family offices, and insurance companies among others. From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth. Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year's global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation. BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent. Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG. Another general trend in the region is clients' looking for a comprehensive approach to investing, according to Mr AbuShaban. 'Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,' said Mr AbuShaban. Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure. 'What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,' he said. 'In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.' The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority's private equity department focused on structured equities owing to 'their defensive characteristics.'
The National
25-05-2025
- Business
- The National
Best photos of May 25: Muyuna Floating Film Festival in Peru to visitors at Grand Egyptian Museum
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said. Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth. ' Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,' said Mr AbuShaban. Mercer does not directly make investments, but allocates clients' money they have discretion to, to professional asset managers. They also provide advice to clients. 'We have buying power. We can negotiate on their (client's) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,' he added. Mercer Wealth's clients include sovereign wealth funds, family offices, and insurance companies among others. From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth. Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year's global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation. BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent. Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG. Another general trend in the region is clients' looking for a comprehensive approach to investing, according to Mr AbuShaban. 'Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,' said Mr AbuShaban. Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure. 'What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,' he said. 'In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.' The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority's private equity department focused on structured equities owing to 'their defensive characteristics.'
Yahoo
22-05-2025
- Business
- Yahoo
Marsh launches data centre insurance and risk management services
Marsh, the insurance broker and risk advisor under Marsh McLennan, has launched Data Centre Insurance and Risk Management Services. The new offering is designed to tackle the distinct challenges faced by data centre operators and related sectors including construction, real estate and technology, the company said. It provides tailored risk management and insurance solutions for clients worldwide, supporting the entire life cycle of data centre operations to protect critical assets. It includes insurance for property damage, business interruption and physical cyber incidents caused by cyber events. In addition, Marsh provides risk assessment services to help data centres identify vulnerabilities and develop strategies to reduce potential losses. Marsh UK technology growth leader Sam Tiltman said: 'As demand for hyperscale data centres and scalable infrastructure continues to grow – especially with the rise of data-intensive technologies like AI – Marsh is uniquely positioned to support clients with the risk and insurance solutions and guidance needed at every stage. 'By leveraging our deep industry expertise and global resources, we empower data centre developers, operators and owners to protect their investments and enhance their resilience against emerging threats.' Last month, Marsh introduced CyberShore Bermuda, an excess cyber insurance facility providing up to $30m in coverage. This facility is designed to attach at limits above $75m and includes the option for clients to secure coverage for fines and penalties. Marsh is part of Marsh McLennan, which offers insurance and risk advisory services in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. "Marsh launches data centre insurance and risk management services " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Marsh McLennan Stockholders Re-Elect Board of Directors During 2025 Meeting
NEW YORK, May 15, 2025--(BUSINESS WIRE)--Marsh McLennan (NYSE: MMC), a global leader in risk, strategy, and people, today announced the results of its 2025 Annual Meeting of Stockholders. Stockholders elected the entire slate of 2025 director nominees for a one-year term expiring at next year's annual meeting. The 11 directors are: Anthony K. Anderson, John Q. Doyle, H. Edward Hanway, Judith Hartmann, Deborah C. Hopkins, Tamara Ingram, Jane H. Lute, Steven A. Mills, Morton O. Schapiro, Jan Siegmund and Lloyd M. Yates. Oscar Fanjul is retiring from the Board after more than 23 years of service and did not stand for re-election. John Doyle, President and CEO of Marsh McLennan, said, "I want to thank Oscar for his many contributions to Marsh McLennan during his tenure on our Board. We are fortunate to have had his trusted counsel and guidance." Stockholders also ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2025; approved, by non-binding vote, the compensation of the Company's named executive officers; and approved the Company's Amended and Restated 2020 Incentive and Stock Award Plan. An audio webcast of the Marsh McLennan 2025 Annual Meeting will be available at tomorrow. About Marsh McLennanMarsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit or follow us on LinkedIn and X. View source version on Contacts Media Contact: Amelia WolteringMarsh McLennan+1 Sign in to access your portfolio
Associated Press
15-05-2025
- Business
- Associated Press
Marsh McLennan Stockholders Re-Elect Board of Directors During 2025 Meeting
NEW YORK--(BUSINESS WIRE)--May 15, 2025-- Marsh McLennan (NYSE: MMC), a global leader in risk, strategy, and people, today announced the results of its 2025 Annual Meeting of Stockholders. Stockholders elected the entire slate of 2025 director nominees for a one-year term expiring at next year's annual meeting. The 11 directors are: Anthony K. Anderson, John Q. Doyle, H. Edward Hanway, Judith Hartmann, Deborah C. Hopkins, Tamara Ingram, Jane H. Lute, Steven A. Mills, Morton O. Schapiro, Jan Siegmund and Lloyd M. Yates. Oscar Fanjul is retiring from the Board after more than 23 years of service and did not stand for re-election. John Doyle, President and CEO of Marsh McLennan, said, 'I want to thank Oscar for his many contributions to Marsh McLennan during his tenure on our Board. We are fortunate to have had his trusted counsel and guidance.' Stockholders also ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2025; approved, by non-binding vote, the compensation of the Company's named executive officers; and approved the Company's Amended and Restated 2020 Incentive and Stock Award Plan. An audio webcast of the Marsh McLennan 2025 Annual Meeting will be available at tomorrow. View source version on CONTACT: Media Contact: Amelia Woltering Marsh McLennan +1 212.345.0864 [email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE HUMAN RESOURCES FINANCE CONSULTING BANKING ACCOUNTING SOURCE: Marsh McLennan Copyright Business Wire 2025. PUB: 05/15/2025 11:30 AM/DISC: 05/15/2025 11:29 AM
