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Marsh & McLennan Companies' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Marsh & McLennan Companies (MMC)

Q1 2012 Earnings Call

May 01, 2012 8:30 am ET


Brian Duperreault - Chief Executive Officer, President, Director, Member of Finance Committee and Member of Executive Committee

Daniel S. Glaser - Chief Operating Officer and Group President

J. Michael Bischoff - Chief Financial Officer

John P. Drzik - Chief Executive Officer of Oliver Wyman Group and President of Oliver Wyman Group

Julio A. Portalatin - Chief Executive Officer of Mercer and President of Mercer


Keith F. Walsh - Citigroup Inc, Research Division

Larry Greenberg - Langen McAlenney

Brian Meredith - UBS Investment Bank, Research Division

Yaron Kinar - Deutsche Bank AG, Research Division

Jay Gelb - Barclays Capital, Research Division

Dan Farrell - Sterne Agee & Leach Inc., Research Division

Jay A. Cohen - BofA Merrill Lynch, Research Division

Raymond Iardella - Macquarie Research

Meyer Shields - Stifel, Nicolaus & Co., Inc., Research Division

Michael Zaremski - Crédit Suisse AG, Research Division

Michael Nannizzi - Goldman Sachs Group Inc., Research Division

Adam Klauber - William Blair & Company L.L.C., Research Division



Welcome to Marsh & McLennan Companies Conference Call. Today's call is being recorded. First quarter 2012 financial results and supplemental information were issued earlier this morning. They are available on Marsh & McLennan Companies' website at

Before we begin, I would like remind you that remarks made today may include statements relating to future events or results, which are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to inherent risks and uncertainties. In particular, references during this conference call to anticipated or expected results of operations for 2012 or subsequent periods are forward-looking statements and Marsh & McLennan Companies' actual results may be affected by a variety of factors.

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