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Marsh (company)
Marsh LLC is a global professional services firm, headquartered in New York City with operations in insurance broking and risk management. Marsh is a subsidiary of Marsh McLennan and a member of its Risk & Insurance Services business unit. Currently, approximately 45,400 Marsh employees provide risk management, insurance broking, insurance program management, risk consulting, analytical modeling and alternative risk financing services to a wide range of businesses, government entities, professional service organizations and individuals in more than 130 countries. Marsh's $10.208 billion in revenue in 2021 accounted for 52% of the parent company's fiscal year revenue. History Marsh's insurance brokering and risk management business began in the first decade of the twentieth century, when it was formed by Henry Marsh and Donald McLennan with operations in New York City and Chicago, where McLennan had studied railroad risk and insurance needs by spending 30 days riding the rails. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Control Risks Group
Control Risks is a global risk and strategic consulting firm that specializes in political, security and integrity risk assessments. History Control Risks was formed in 1975, as a professional adviser to the insurance industry. A subsidiary of insurance broker Hogg Robinson, the firm aimed to minimize their exposure to kidnap and ransom payouts. The firm expanded its capabilities when these crisis management and incident response specialists were joined by political and security risk analysts, before becoming independent in 1982 following a management buyout. See also * ArmorGroup * FTI Consulting * Navigant * Eurasia Group * Kroll * Constellis Constellis, formerly Blackwater, is an American private military contractor founded on December 26, 1997, by former Navy SEAL officer Erik Prince. It was renamed Xe Services in 2009, and was again renamed to Academi in 2011, after it was acqu ... * Pinkerton References External links *{{official, url=http://www.controlrisk ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Data
Big data primarily refers to data sets that are too large or complex to be dealt with by traditional data processing, data-processing application software, software. Data with many entries (rows) offer greater statistical power, while data with higher complexity (more attributes or columns) may lead to a higher false discovery rate. Big data analysis challenges include Automatic identification and data capture, capturing data, Computer data storage, data storage, data analysis, search, Data sharing, sharing, Data transmission, transfer, Data visualization, visualization, Query language, querying, updating, information privacy, and data source. Big data was originally associated with three key concepts: ''volume'', ''variety'', and ''velocity''. The analysis of big data presents challenges in sampling, and thus previously allowing for only observations and sampling. Thus a fourth concept, ''veracity,'' refers to the quality or insightfulness of the data. Without sufficient investm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cybersecurity
Computer security (also cybersecurity, digital security, or information technology (IT) security) is a subdiscipline within the field of information security. It consists of the protection of computer software, systems and networks from threats that can lead to unauthorized information disclosure, theft or damage to hardware, software, or data, as well as from the disruption or misdirection of the services they provide. The significance of the field stems from the expanded reliance on computer systems, the Internet, and wireless network standards. Its importance is further amplified by the growth of smart devices, including smartphones, televisions, and the various devices that constitute the Internet of things (IoT). Cybersecurity has emerged as one of the most significant new challenges facing the contemporary world, due to both the complexity of information systems and the societies they support. Security is particularly crucial for systems that govern large-scale sy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geopolitical
Geopolitics () is the study of the effects of Earth's geography on politics and international relations. Geopolitics usually refers to countries and relations between them, it may also focus on two other kinds of states: ''de facto'' independent states with limited international recognition and relations between sub-national geopolitical entities, such as the federated states that make up a federation, confederation, or a quasi-federal system. At the level of international relations, geopolitics is a method of studying foreign policy to understand, explain, and predict international political behavior through geographical variables. These include area studies, climate, topography, demography, natural resources, and applied science of the region being evaluated. Geopolitics focuses on political power linked to geographic space, in particular, territorial waters, land territory and wealth of natural resources, in correlation with diplomatic history, in particular the contex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-net-worth Individual
In the financial services industry, a high-net-worth individual (HNWI) is a person who maintains liquid assets at or above a certain threshold. Typically the criterion is that the person's financial assets (excluding their primary residence) are valued over US$1million. A secondary level, a very-high-net-worth individual (VHNWI), is someone with a net worth of at least US$5million. The terminal level, an ultra-high-net-worth individual (UHNWI), holds US$30million in investible assets ( adjusted for inflation). Individuals with a net worth of over US$1billion are considered to occupy a special bracket of the UHNWI. These thresholds are broadly used in studies of wealth inequality, government regulation, investment suitability requirements, marketing, financing standards, and general corporate strategy. , it was estimated that there are just over 16million HNWIs in the world, according to the World's Wealthiest Cities Report 2025 by Henley & Partners. The United States had the h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Companies
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are publicly traded multinational corporations, including ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schaumburg, Illinois
Schaumburg ( ) is a village in Cook County, Illinois, Cook and DuPage County, Illinois, DuPage counties in the U.S. state of Illinois. Per the 2020 United States census, 2020 census, the population was 78,723, making Schaumburg the most populous incorporated village in the United States. Schaumburg is around northwest of downtown Chicago, and northwest of O'Hare International Airport. It is part of the Golden Corridor. Schaumburg's transition from a rural community to a suburban city began with Alfred Campanelli's first large-scale suburban-style development in 1959 and Woodfield Mall's opening in 1971. Schaumburg is bordered by Hoffman Estates, Illinois, Hoffman Estates and Palatine, Illinois, Palatine to the north, Inverness, Illinois, Inverness in northwest, Rolling Meadows, Illinois, Rolling Meadows to the northeast, Elk Grove Village, Illinois, Elk Grove Village to the southeast, Roselle, Illinois, Roselle to the south, Hanover Park, Illinois, Hanover Park to the southwes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Zaffino
Peter Zaffino (born 1967) is an American insurance industry executive. He is the chairman and CEO of the American International Group (AIG). Zaffino joined AIG in August 2017 as executive vice president and global chief operating officer. He was CEO of AIG's General Insurance business, the company's core property-casualty insurance unit, from September 2017 to August 2020. On 1 January 2020, Zaffino was promoted to president of AIG and continued as global COO. On March 1, 2021, he became AIG's CEO. Later that year, Zaffino was appointed chairman of the AIG board of directors, effective January 1, 2022. Prior to joining AIG, he was with Marsh & McLennan Companies (MMC) for 16 years. With MMC he was president and CEO of Guy Carpenter from 2008–2011, CEO of Marsh (company), Marsh from 2011–2017, and chairman of MMC's Risk & Insurance Services segment from 2015–2017. Early life and education Zaffino was born in 1967; his father was Salvatore D. Zaffino, an insurance executive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost-cutting
Cost reduction is the process used by organisations aiming to reduce their costs and increase their profits, or to accommodate reduced income. Depending on a company’s services or products, the strategies can vary. Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project or the construction of a building. In the public sector, cost reduction programs can be used where income is reduced or to reduce debt levels. Importance Companies typically launch a new product without focusing too much on cost. Cost becomes more important when competition increases and PRICE becomes a differentiator in the market. The importance of cost reduction in relation to other strategic business goals is often debated. Examples of cost reduction strategies and programmes Commercial businesses Consultants Deloitte reported in 2006 that over three-quarters of the FTSE 100 listed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York State
New York, also called New York State, is a state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and the Great Lakes. New York is the fourth-most populous state in the United States, with nearly 20 million residents, and the 27th-largest state by area, with a total area of . New York has a varied geography. The southeastern part of the state, known as Downstate, encompasses New York City, the most populous city in the United States; Long Island, with approximately 40% of the state's population, the nation's most populous island; and the cities, suburbs, and wealthy enclaves of the lower Hudson Valley. These areas are the center of the expansive New York metropolitan area and account for approximately two-thirds of the state's population. The larger Upstate area spreads from the Great Lakes to Lake Champlain and includes the Adiro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eliot Spitzer
Eliot Laurence Spitzer (born June 10, 1959) is an American politician and attorney who served as the 54th governor of New York from 2007 until his resignation in 2008 after a prostitution scandal. A member of the Democratic Party, he was also the 63rd attorney general of New York from 1999 to 2006. Born in the Bronx, Spitzer attended Princeton University and earned his Juris Doctor degree from Harvard Law School. He began his career as an attorney in private practice with New York law firms before becoming a prosecutor with the office of the New York County (Manhattan) District Attorney. Spitzer defeated Republican incumbent Dennis Vacco in 1998 to become state attorney general, earning a reputation as the "Sheriff of Wall Street" for his efforts to curb corruption in the financial services industry. He was elected governor of New York in 2006 by the largest margin of any candidate, but his tenure lasted less than two years after it was uncovered he patronized a prostitutio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
