Marsh & McLennan Companies, Inc. (NYSE:MMC) has declared its quarterly dividend of $0.20 per share on its outstanding common stock. The dividends will be payable on February 16. They will be payable to shareholders of record as of January 29, 2010.
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MMC also announced that its Board of Directors has elected H. Edward Hanway as its new Director. The appointment is effective immediately. Mr. Hanway previously served CIGNA from 1989 to 1996. During his time there, he served as President of CIGNA International, President of CIGNA HealthCare, President and Chief Operating Officer of CIGNA, and Chairman and CEO of CIGNA Corporation.
Marsh & McLennan Companies, Inc. (MMC) is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. The Company is the parent company of a number of risk experts and specialty consultants, including Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource (HR) and related financial advice and services; Oliver Wyman Group, the management consultancy, and Kroll, the risk consulting firm. MMC conducts business through three segments: Risk and Insurance Services, Consulting and Risk Consulting and Technology. During the year ended December 31, 2008, Marsh established the Marsh & McLennan Agency to service small to middle market organizations that tend to be United States-based firms with little overseas insurance needs
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