Marsh is a global leader in insurance broking and innovative risk management solutions, Marsh’s 35,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$15 billion and nearly 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. In addition to Marsh, MMC is the parent company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.
For more than 140 years, Marsh has grown by helping our clients anticipate and meet the challenges of changing times and technologies. Henry W. Marsh and Donald R. McLennan founded the company to help businesses during the upheaval of the Industrial Revolution.
Marsh dropped out of Harvard to seek his future in Chicago. The Great Fire of 1871 had wiped out most insurers and Marsh saw opportunity for insurance brokers that could distribute great risks across many firms. Almost upon arrival, his ambitions were bigger than the new company he joined. Marsh wanted to open an office in New York. Then he set out to win U.S. Steel, the world's first billion-dollar corporation. Colourful, urbane, high living, and audacious, Marsh was the kind of man who would book a transatlantic passage so he could pitch AT&T's Theodore Vail aboard ship. On Vail's return voyage, there was Marsh again. He got the business.
McLennan of Duluth, Minnesota, became his family's sole support at age 14. In business life, his intense competitiveness took the form of thoroughness. McLennan was all diligence, researching insurance clients' operations until he knew as much as the owners. During 1901, while Marsh was pursuing U.S. Steel, McLennan was mastering the intricacies of railroads, winning one line after another. He spent weeks at a time inspecting every property along thousands of miles of road — a man who believed in research, and in seeing for himself.
When the two men merged their firms in 1904, the new company was the largest insurance agency in the world with annual premiums of US$3 billion — and it was only the beginning.
Marsh conducts business consistent with the highest ethical and professional standards and will not tolerate behaviour that deviates from those standards. We will act with integrity, honesty, courage and mutual respect. In particular, we foster a culture within the organisation in which bribery is never acceptable.
The most fundamental way to ensure legal and ethical behavior is to impose the highest possible ethical standards to ourselves. Our code of conduct, The Greater Good, is designed to help us understand the legal, ethical and risk related concerns that may be encountered during the performance of our daily job. The code describes the basic responsibilities of our colleagues, the enhanced responsibilities of our managers, and provides an overview of the most important aspects of our policy in our company.