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Unity insurance facility expanded to cover all shipping to and from Ukrainian ports

Retrieved on:

Friday, March 1, 2024

Unity now provides affordable war risk insurance for ships carrying all non-military cargo – such as iron ore, steel, and containerised shipping – and underpins Ukraine’s wider maritime export ecosystem.

Key Points:

Unity now provides affordable war risk insurance for ships carrying all non-military cargo – such as iron ore, steel, and containerised shipping – and underpins Ukraine’s wider maritime export ecosystem.
In addition to grain, Unity now provides cover for Ukraine’s other leading export industries including iron ore, steel, electrical equipment, and animal fodder.
Underwritten by insurers based at Lloyd’s and other London-based insurers, and led by Ascot, Unity provides up to US$50 million in hull and P&I war risk insurance.
New partnerships between the public and private sector, including the expansion of the Marsh Unity facility, are the hallmark of the Lloyd’s market, bringing insurance experts and policymakers together to solve complex risks.”

Mercer Launches Mercer SelectRx, a Tech-Enabled Solution Designed to Lower Specialty Drug Costs for Employers and Their Employees

Retrieved on:

Thursday, February 29, 2024

Health Technology, Pharmaceutical, Health, Practice Management, Pharmacy, Marsh McLennan, Patient, PBM, Prescription, MMC

With an estimated 50 new specialty drugs entering the market annually including ultra-high-cost gene therapies, controlling drug costs will continue to be a challenge for employers and their employees.

Key Points:

With an estimated 50 new specialty drugs entering the market annually including ultra-high-cost gene therapies, controlling drug costs will continue to be a challenge for employers and their employees.
While cost savings will vary by employer and prescribed medication, Mercer SelectRx could save employers and employees up to 10% off specialty drug spend.
“Healthcare costs, particularly pharmacy benefit costs, are one of employers’ most unpredictable expenses year after year,” said Ed Lehman, US Health and Benefits Leader, Mercer.
“We expect that Mercer SelectRx will deliver meaningful savings for employers and their employees while improving the employee experience.

Huawei 5G Core Named "Leader" for the Sixth Consecutive Year by GlobalData

Retrieved on:

Thursday, March 7, 2024

Cloud, Computation, Mobile VoIP, Architecture, GlobalData, Intelligence, NIE, Growth, Digital, ADN, Single, Voice over IP, Huawei, O&M, SVC, DAE, MMC, Mobile phone

SHENZHEN, China, March 7, 2024 /PRNewswire/ -- In its latest edition of " 5G Mobile Core: Competitive Landscape Assessment report ," GlobalData rated Huawei 5G Core as a "Leader" in the 5G mobile core network field for the sixth consecutive year.

Key Points:

SHENZHEN, China, March 7, 2024 /PRNewswire/ -- In its latest edition of " 5G Mobile Core: Competitive Landscape Assessment report ," GlobalData rated Huawei 5G Core as a "Leader" in the 5G mobile core network field for the sixth consecutive year.
The authoritative consulting firm also awarded Huawei 5G Core full scores in all dimensions for the first time.
In the report, GlobalData highlights the unique advantages of Huawei 5G Core.
By leveraging a Cloud Native based, highly reliable architecture, Huawei 5G Core converges full-range services across 2G to 5G, marking an industry first.

Viewpoint and Ancora Education Collaborate to Spotlight Exceptional Opportunities in Skilled Trades and Promote Diversity and Inclusion

Retrieved on:

Tuesday, March 5, 2024

HVAC, Marketing, Senior, Admission, Woman, Miller-Motte College, Education, Welding, Health, BTI, Information technology, AAI, Workforce, MMC, Student

MIAMI, March 5, 2024 /PRNewswire-PRWeb/ -- Viewpoint, the distinguished educational series hosted by actor Dennis Quaid, is pleased to announce a strategic collaboration with Ancora Education to develop multiple pieces that showcase the outstanding opportunities available in the skilled trades. These episodes will highlight specialized training programs offered by three of their institutions including Arizona Automotive Institute (AAI), Miller-Motte College (MMC), and Berks Technical Institute (BTI), emphasizing paths towards careers in fields like automotive, HVAC, electrical, construction, healthcare, business, information technology, and more. The collaboration is dedicated to promoting diversity and inclusion, particularly for women, minorities, and individuals historically underrepresented in these industries.

Key Points:

The collaboration is dedicated to promoting diversity and inclusion, particularly for women, minorities, and individuals historically underrepresented in these industries.
The collaboration is dedicated to promoting diversity and inclusion, particularly for women, minorities, and individuals historically underrepresented in these industries.
The skilled trades represent a cornerstone for building successful careers, and the collaboration between Viewpoint and Ancora Education aims to illuminate these pathways for a broader audience.
The collaboration between Viewpoint and Ancora Education is a testament to their shared commitment to promoting educational and career opportunities, fostering inclusivity, and encouraging individuals to prepare for and pursue fulfilling careers in the skilled trades.

Global Commercial Aircraft Fleet Slated to Grow 28% by 2034 According to Oliver Wyman

Retrieved on:

Wednesday, February 28, 2024

Aviation, Growth, SAF, Marsh McLennan, European, MRO, Climate change, Aircraft, COVID, Development, MMC, Airline

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- The commercial aviation fleet is projected to grow 28% over the next 10 years, expanding from today's 28,400 aircraft to 36,400 by 2034, according to a new report from consulting firm Oliver Wyman, a business of Marsh McLennan (NYSE:MMC).

Key Points:

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- The commercial aviation fleet is projected to grow 28% over the next 10 years, expanding from today's 28,400 aircraft to 36,400 by 2034, according to a new report from consulting firm Oliver Wyman, a business of Marsh McLennan (NYSE:MMC).
The data come from the 24th edition of the Global Fleet and MRO Market Forecast 2024-2034.
Before COVID the fleet was slated to reach 39,000 aircraft by 2030.
The fleet will expand 2.5% annually (compound annual growth rate) versus the 2.9% projected in last year's 2023-2033 forecast.

Marsh McLennan Announces Pricing of $1,000,000,000 Senior Notes Offering

Retrieved on:

Wednesday, February 14, 2024

Marsh McLennan (NYSE: MMC) (the “Company”) announced today that it has priced $500,000,000 aggregate principal amount of its 5.150% Senior Notes due 2034 (the “2034 Notes”) and $500,000,000 aggregate principal amount of its 5.450% Senior Notes due 2054 (the “2054 Notes” and, together with the 2034 Notes, the “Notes”).

Key Points:

Marsh McLennan (NYSE: MMC) (the “Company”) announced today that it has priced $500,000,000 aggregate principal amount of its 5.150% Senior Notes due 2034 (the “2034 Notes”) and $500,000,000 aggregate principal amount of its 5.450% Senior Notes due 2054 (the “2054 Notes” and, together with the 2034 Notes, the “Notes”).
The Company intends to use the net proceeds from the Notes offering for general corporate purposes.
The closing of the Notes offering is expected to occur on February 20, 2024, subject to the satisfaction of certain customary closing conditions.
The offering and sale of the Notes are being made by means of a prospectus supplement and an accompanying base prospectus related to the offering.

Marsh McLennan Reports Fourth Quarter and Full-year 2023 Results

Retrieved on:

Thursday, January 25, 2024

Consulting, Professional Services, Insurance, Finance, Marsh, Risk, GAAP, Acquisition, EPS, PIN, Webcast, MMC, McLennan, Growth, Video game

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the fourth quarter and year ended December 31, 2023.

Key Points:

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the fourth quarter and year ended December 31, 2023.
John Doyle, President and CEO, said: "Our fourth quarter results highlight a strong finish to another outstanding year for Marsh McLennan.
Consolidated revenue in the fourth quarter of 2023 was $5.6 billion, an increase of 11% compared with the fourth quarter of 2022, or an increase of 7% on an underlying basis.
A conference call to discuss fourth quarter 2023 results will be held today at 8:30 a.m. Eastern time.

Unprecedented Generative AI Use Does Not Guarantee Quick Productivity Gains

Retrieved on:

Tuesday, January 16, 2024

"The adoption rate of generative AI has been nothing short of remarkable," said John Romeo, CEO of the Oliver Wyman Forum. "ChatGPT achieved mass adoption in less than one year -- a stark contrast to the internet, which took 17 years, smartphones 21 years, and electricity which took three decades, but training is not keeping up and we are facing an AI productivity disconnect."

Key Points:

"The adoption rate of generative AI has been nothing short of remarkable," said John Romeo, CEO of the Oliver Wyman Forum.
The full potential of generative AI's productivity gains is still six to 10 years away, according to the report.
Trust is shaken: When asked if organizations using generative AI are untrustworthy, 29% said "yes," with 18% saying generative AI tools "are not trustworthy at all" or "not very trustworthy."
Many white-collar workers fear their roles will become displaced with generative AI, and this anxiety is having a direct impact on productivity.

Dow Jones Launches Factiva Sentiment Signals Powered by Oliver Wyman

Retrieved on:

Wednesday, January 10, 2024

Natural language processing, Credit, Marsh McLennan, Dow Jones, Credit risk, Oliver Wyman, Organization, MMC, Investment, Journalism, Treasurer, News, Natural language, Risk management

These signals surface in news media up to three months before major risk events, serving as a transparent and accurate early-warning system for corporate credit risk.

Key Points:

These signals surface in news media up to three months before major risk events, serving as a transparent and accurate early-warning system for corporate credit risk.
We’re delighted to partner with Oliver Wyman to deliver a leading-edge, AI-powered solution that can predict credit events before traditional methods to enable smarter, faster decision-making.”
“We’ve created Factiva Sentiment Signals, together with Dow Jones, to help clients keep a track of all companies they work with, every day.
We’ve taken the latest advances in Natural Language Processing and combined that with Oliver Wyman’s decades of experience in Credit Risk modeling,” said Ian Shipley, partner at Oliver Wyman.
“We have found that Factiva Sentiment Signals allows clients to identify all the relevant themes on companies they are interested in and to introduce an objective quantification of news sentiment in early warning credit scores.

Marsh McLennan Declares Quarterly Cash Dividend

Retrieved on:

Wednesday, January 10, 2024

Finance, Consulting, Business, Professional Services, Other Professional Services, Marsh McLennan, MMC

The Board of Directors of Marsh McLennan (NYSE: MMC) today declared a quarterly dividend of $0.710 per share on outstanding common stock, payable on February 15, 2024, to stockholders of record on January 25, 2024.

Key Points:

The Board of Directors of Marsh McLennan (NYSE: MMC) today declared a quarterly dividend of $0.710 per share on outstanding common stock, payable on February 15, 2024, to stockholders of record on January 25, 2024.