NYSE:MMC 16 October 2025 - 11 February 2026

Marsh & McLennan CEO John Doyle publicly accused rival brokers of “unlawful and unethical” talent raids during Marsh’s Oct. 16 earnings call Insuranceinsider Theinsurer. Doyle said competitors’ tactics were a “deliberate strategy” to flout non-compete covenants Insuranceinsider. The comments came amid a surge of legal battles – Marsh has sued peers like Alliant and Howden for allegedly poaching its teams and clients Insurancejournal Insurancebusinessmag. In Q3, Marsh reported $6.4 billion revenue and $911 million adjusted profit Reuters, but its stock still plunged ~8% on the day Reuters, trading around $190 Stockanalysis. Analysts remain cautiously bullish: the consensus is “Buy” with an average 12-month target near ~$231 Stockanalysis. Marsh also announced a major rebranding – dropping “McLennan” to become simply Marsh in 2026 – and launched a new Business & Client Services unit to centralize tech and data Reuters ts2.tech.

Marsh & McLennan delivered a strong third quarter, topping expectations on both the top and bottom lines. Revenue reached $6.4 billion, up 11% from a year ago stocktitan.net stocktitan.net. This was driven by double-digit growth in its core insurance broking unit and steady gains in consulting. The Risk & Insurance Services division saw revenue surge +13% year-over-year to $3.9 billion stocktitan.net, boosted by firm insurance pricing earlier in the year and a rebound in client demand. Meanwhile, the Consulting segment generated $2.5 billion in revenue, up +9% insurancebusinessmag.com, as corporate clients continued to seek advice on healthcare, wealth, and strategic management amid economic shifts.