Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc.
Item# 3168

Marsh & McLennan Companies, Inc.
In 1871, Marsh & McLennan Companies' progenitor, Dan H. Bomar Company, is founded in Chicago after the Great Chicago Fire. In 1897, Henry Marsh introduced concept of a broker acting as a buyer of insurance representing the client, rather than as a seller of insurance. In 1903, Donald McLennan established a standard for thorough research in assessing risk. He spends 30 consecutive nights on a sleeper, traveling coast to coast across the United States, to inspect the operations of two railroad lines. In 1905, Burrows, Marsh & McLennan was formed in Chicago, becoming the world's largest insurance agency with annual premiums of $3 million, the firm was renamed Marsh & McLennan in 1906. In 1962, Marsh & McLennan became a public company, reporting revenue of $52 million and net income of $5 million. In 1970, the company acquired Putnam Investments. In 2001, 295 colleagues are lost in the World Trade Center attacks. The company establishes the MMC Victims Relief Fund to support the health, welfare and education needs of the families of MMC colleagues affected by the tragedy.

Certificate: Common Stock, issued in the 1980s

Printer: American Bank Note Company

Dimensions: 8 (h) x 12 (w)

State: DE-Delaware

Subject Matter: Finance and Related

Vignette Topic(s): Male Subject | Power Plant Featured | Skyline Scene

Condition: Vertical fold lines, punch hole and stamp cancels in the signature areas and body, pen markings and some toning and edge faults from age.

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