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Marsh Selected to Provide Insurance and Risk Services for 2008 Summer Olympics in Beijing
NEW YORK, October 6, 2005 - Marsh, the world’s leading risk and insurance services firm, has been selected to provide insurance consulting and risk management services for the 2008 Summer Olympic Games in Beijing.
Beijing Olympic Games Organizing Committee chose Marsh following a highly competitive selection process that involved several insurance brokers.
Marsh will provide services for the Olympic Games in collaboration with China Sports Insurance Broker Co., Ltd.
Together, their work on behalf of the Beijing Olympic Games will include: risk identification and assessment; loss prevention and risk control planning and implementation; insurance plan design and implementation; claims management; contract management and analysis; contingency planning, and global project management.
Patrick V. Vajda, Head of Marsh's Global Events Practice and a Senior Leader in the firm’s Sports, Entertainment & Media Practice, said, "We are honored to be selected by the Organizing Committee to provide risk and insurance services for this prestigious global event."
Marsh has nearly 30,000 employees and annual revenues exceeding $5 billion. The firm provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 60,000 employees and annual revenues exceeding $12 billion. MMC also is the parent company of Guy Carpenter, Kroll, Putnam Investments, and Mercer. MMC's stock (ticker symbol: MMC) is listed on the New York, Chicago, Pacific, and London stock exchanges. MMC's Web site address is www.mmc.com. Marsh's Web site address is www.marsh.com.
Marsh's Global Sports, Entertainment & Media Practice, provides risk management consulting and insurance services for major sporting events, professional sports leagues, teams, and franchises, as well as in support of the construction and renovation of professional and collegiate sports stadiums, arenas, and athletic facilities in all parts of the world.
Contact:
Al Modugno
Marsh
212-345-2448
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