Marsh & McLennan's (MMC) Unit Joins Forces With Duck Creek
Zacks Investment Research | Apr 11, 2017 09:45PM ET
Dovetail Insurance, an affiliate Marsh, recently inked a strategic deal with Duck Creek Technologies. Investors should know that Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC) .
Duck Creek, which is a leading technology services provider to the insurance industry, is likely to manage and develop the technology supporting Dovetail’s proprietary platform with increased technology resources, per the agreement.
We note that Marsh & McLennan regularly engages in acquisitions, mergers and partnerships to boost growth. Since 2009, the company has invested more than $7 billion for growth and efficiency. The company made more than 130 acquisitions worth almost $6 billion, had capital expenditures of $2.4 billion and appointed over 10,000 employees during this period.
The growth efforts made by Marsh & McLennan and its subsidiaries seem to have pleased investors. Year to date, the Marsh & McLennan’s stock has gained 8.6% compared with an increase of 6% by the Zacks categorized Original post
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