Marsh dilemma.
by: Christine Zafra
Marsh & McLennan, an insurance company from New York, reported a loss of $210 million in the first quarter of their operations, as the insurance security industry experienced a deep plummet in value.
The said company lost about 40 cents per share in their January to March period. It is vital to recall that a year earlier, the company earned $268 million, or equivalent to 49 cents per share.
The company credited the said financial loss mostly to the $425 million “asset damage” indicted by Kroll, the security firm of Marsh. Since then, Marsh has been probing on how to create best value from its business.
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