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The Actuary The magazine of the Institute & Faculty of Actuaries

Changes at Marsh/Mercer

Following the investigation and legal action by New York attorney general Eliot Spitzer, which may also embrace other major broking/advisory organisations, Marsh & McLennan is moving to streamline its businesses, including the giant Mercer consulting business. Marsh has announced that it will shed 280 jobs from its risk and insurance business in the UK (out of a total of 6,350 personnel at some 30 locations throughout the country). Marsh employs actuaries throughout its broking and advisory businesses, particularly in providing pensions consulting services in the global Mercer business, which has expanded considerably in recent years.