Marsh McLennan’s Strategic Gambit to Reclaim $700 Million in London Market

Insurance behemoth Marsh McLennan is launching a direct assault on rival Howden in its home territory of London. The company has established a new specialist team, McGriff MMA London, with the explicit goal of recapturing a substantial $700 million portfolio of business. This aggressive move signals an intensifying battle for market share in the lucrative corporate insurance sector, even as the firm’s shares continue to face significant headwinds.

Despite the bold strategic initiative, Marsh McLennan’s stock remains under pressure from market analysts. Goldman Sachs recently reinforced its pessimistic outlook, lowering its price target from $212 to $200 on Monday while maintaining its “Sell” rating. The shares are currently trading at $201.34, hovering just above this reduced target. The equity’s performance... Read more...