Two of the biggest names in the brokerage business, Mercer and Marsh, just dropped word they've launched a new brand together to tackle the international business market.
The new venture – Mercer Marsh Benefits – spawned from a shared goal of reining in "employee benefit cost growth around the world and to reflect the global collaborative expertise and resources that Mercer and Marsh can bring together to solve this client issue."
"Mercer Marsh Benefits provides clients with a single source for managing the costs, people risks and complexities of their employee health and benefits programs," said David Rahill, President of Mercer's Employee Health & Benefits business in a press release.
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"Controlling benefits costs – particularly those for health care – is one of the biggest challenges facing employers," said Greg Arms, Marsh's Global Leader of Employee Health & Benefits, in a press release. "Multinational companies can capture cost savings in a number of ways that aren't available to other types of companies, and our Global Benefits Management Solution is one of the most effective."
The two companies place more than $40 billion in equivalent benefits premiums annually.
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