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>>> Marsh & McLennan -- These 3 Stocks Are Safe Bets in the Event of a Market Crash

Motley Fool

8-27-23

https://www.fool.com/investing/2023/08/27/these-3-stocks-are-safe-bets-in-the-event-of-a-mar/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

In recent years, companies have dealt with a lot of uncertainty, including the pandemic, supply chain issues, capital market volatility, climate-related disasters, and geopolitical risks. It's in this environment where Marsh & McLennan thrives.

Marsh & McLennan advises companies on managing risks and connects companies with insurers to help protect against those risks. It also provides consulting services to companies to help deal with compensation and benefits, retirement plans, managing investments, and other workplace issues.

The consultant has seen solid business growth in recent years, led by its insurance brokerage business. Insurance is a product that will always be in demand, and its brokerage business is a steady source of cash flows that can help it weather challenging economic environments. The inflationary environment, in particular, has been a tailwind for its insurance brokerage business.

According to its Marsh Global Insurance Market Index, global commercial insurance prices have risen for 23 consecutive quarters. Marsh earns commissions and fees from insurers when it refers clients to them, and as insurance prices rise, so do its earnings. The company's risk and insurance services revenue has grown 11% through six months this year, helping total revenue increase by 8% compared to last year.

CEO Dan Glaser told investors that "when the world is unsettled, the demand for our services rises." He also pointed out that the company has grown its earnings per share during every recessionary period since 1962 -- making Marsh & McLennan another safe bet to own during a potential market crash.

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