Marsh & McLennan Cos. will be eliminating 900 positions, the majority being in the third quarter of 2008.

The second-quarter net income has decreased 63 percent compared with 2007; it is now $65 million compared to $177 million last year. The net income for the first half of the year is down 133 percent with a loss of $145 million.

Their shares rose Wednesday following the job cuts and after their quarterly profits were higher than analysts' predictions. Marsh & McLennan stock has risen 2.5 percent this year on the New York Stock Exchange.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.