MARSH MCLENNAN CHIEF SEES BOOM TIMES AHEAD

Marsh McLennan’s president and chief executive, Dan Glaser, said the company had had an outstanding second quarter and is well positioned to take advantage of what he described as the strongest economic rebound for four decades. “We are seeing a flight to quality and stability, which is contributing to high levels of new business growth and client retention, which is helping us to attract talent,” he said. Marsh McLennan reported a second quarter net income of $820m, an increase from the $572m it made in the same quarter of 2020. The results took Marsh McLennan’s first half 2021 net income to $1.8bn, again up on the $1.3bn it reported for the same period of 2020. Consolidated revenue in the second quarter of 2021 was $5bn, an increase of 20% compared with the second quarter of 2020. Marsh McLennan’s Risk & Insurance Services revenue came to $3.1bn in the second quarter of 2021, an increase of 21%, or 13% on an underlying basis. Guy Carpenter’s revenue in the second quarter was $488m, an increase of 12% on an underlying basis.