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Marsh Canada Limited



Overview



Marsh Canada Limited is a premier insurance broking and risk management company, providing comprehensive global, national, and industry-specific solutions. Marsh operates as part of Marsh McLennan, the world's leading professional services firm in the areas of risk, strategy, and people.

Key Information:


  • Headquarters: 800-120 Bremner Blvd., Toronto, ON, M5J 0A8, Canada

  • Global Presence: Operates in over 130 countries with more than 45,000 colleagues worldwide

  • Founded: Over 150 years ago


Services and Capabilities



Marsh Canada Limited excels in several vital service areas:

  • Consulting, Brokerage, and Claims Advocacy: Leveraging advanced data, technology, and analytics to quantify and manage risk.



  • Industry-Focused Solutions: Providing expert advice and support in local markets, covering regulatory developments and risk trends.


Leadership



Key Executives



  • Sarah Robson:

  • Title: President & CEO, Marsh Canada Limited



  • Martin South:

  • Title: President and Chief Executive Officer, Marsh; Vice Chair, Marsh McLennan Companies



  • Pat Donnelly:

  • Title: President, Marsh Specialty and Global Placement



  • David L. Eslick:

  • Title: Chairman and CEO of Marsh McLennan Agency



  • Linda Foppiano:

  • Title: Chief Human Resources Officer



  • Jillian Lamaker:

  • Title: Chief Marketing and Communications Officer



  • Flavio Piccolomini:

  • Title: Chief Executive Officer, Marsh McLennan International



  • Louis Piliego:

  • Title: Chief Operating Officer



  • Mikhail Vanyo:

  • Title: General Counsel



Corporate Social Responsibility and Culture



Marsh Canada emphasizes corporate social responsibility and diversity and inclusion. The company is committed to fostering a culture that celebrates diverse backgrounds and perspectives, driving innovation and creating solutions that serve all stakeholders effectively.

Sustainability Initiatives



Marsh actively participates in initiatives aimed at building resilient communities and addressing societal challenges through collaboration and expert intervention.



Competitor Profiling for Marsh Canada Limited



Aon Plc



Aon plc is a leading global professional services firm, providing a broad range of risk, retirement, and health solutions. Headquartered in London, the company has approximately 50,000 employees across 120 countries.

  • Revenue (2023): $13.38 billion

  • Operating Income (2023): $3.785 billion

  • Net Income (2023): $2.564 billion

  • Total Assets (2023): $33.96 billion

  • Total Equity (2023): -826 million

  • Market Cap: $65 billion (April 2023)


Key Services:

  • Risk consulting

  • Retirement consulting

  • Health consulting


Major Acquisitions:

  • Hewitt Associates ($4.9 billion)

  • Benfield Group Limited ($1.75 billion)

  • Endurance Specialty (public)

  • Hudig-Langeveldt

  • Alexander & Alexander Services, Inc.


Notable Events:

  • Moved headquarters to London in 2012.

  • Divested employee benefits outsourcing business to Blackstone Group for $4.8 billion in 2017.

  • Recent acquisition: technology assets and intellectual property of Humn.ai.


Arthur J. Gallagher & Co.



Arthur J. Gallagher & Co. (AJG) is a global insurance brokerage and risk management services firm, headquartered in Rolling Meadows, Illinois, established in 1927.

  • Revenue (2023): $10.07 billion

  • Operating Income (2023): $1.69 billion

  • Net Income (2023): $970 million

  • Total Assets (2023): $51.62 billion

  • Total Equity (2023): $10.82 billion

  • Number of Employees (2023): 52,000


Key Services:

  • Insurance broking

  • Reinsurance

  • Risk management consulting


Major Acquisitions:

  • Four Corners Group Inc. (Canada)

  • Cadence Insurance (2023, $904 million)

  • Lifesure Group Limited (UK)


Global Presence:

  • Offices in North America, South America, Europe, and Oceania.


Hub International Limited



Hub International Limited is a leading global insurance brokerage providing an array of property, casualty, risk management, life and health, employee benefits, investment, and wealth management products and services. Headquartered in Chicago, Illinois.

  • Revenue (2015): $1.47 billion

  • Number of Employees (2016): 10,000

  • Number of Locations (2017): 415


Key Services:

  • Business insurance

  • Personal insurance

  • Employee benefits


Ownership:

  • Acquired by private equity firm Hellman & Friedman in 2013 for around $4.4 billion.


Recent Acquisitions:

  • Morneau Shepell's benefits consulting practice (2020)

  • Linton & Associates Insurance Agency (2020)

  • CM&F Group healthcare liability insurance (2021)


Brown & Brown, Inc.



Brown & Brown, Inc., headquartered in Daytona Beach and Tampa, Florida, is a leading independent insurance intermediary established in 1939.

  • Revenue: Not specified

  • Market Position: Fifth largest independent insurance brokerage in the USA.


Key Services:

  • Risk management solutions

  • Customized insurance products


Company Growth:

  • Over 500 agencies have joined Brown & Brown.

  • Offers both public entity and corporate-client services.


Willis Towers Watson (WTW)



Willis Towers Watson plc, branded as WTW, is a British-American multinational company offering insurance services. It formed in 2016 following the merger of Willis Group and Towers Watson.

  • Revenue (2023): $9.48 billion

  • Operating Income (2023): $1.37 billion

  • Net Income (2023): $1.06 billion

  • Total Assets (2023): $29.1 billion

  • Total Equity (2023): $9.52 billion

  • Number of Employees (2023): 48,000


Key Services:

  • Risk management

  • Insurance brokerage

  • Advisory and actuarial services


Acquisitions and Developments:

  • Joined Hedge Fund Standards Board.

  • Changed stock ticker from "WLTW" to "WTW" in 2022.

  • Acquired Butterwire, AI & machine learning platforms provider.