From One CFO to Another: Look for the Game-Changers

By Steve Berk, CFO, Marsh & McLennan Agency - West Region

clock May 15, 2017 at 10:00 AM

As a CFO, I understand the importance of vetting and selecting business partners to support the needs of a growing business. From accountants to law firms, commercial real estate brokers and banks, who you choose to do business with can have a significant impact on the bottom line, your workload and the level of risk to your organization.

When it comes to insurance, I have the benefit of understanding the business as well as the key traits CFOs should look for when evaluating and selecting a broker. The time you gain from partnering with the right insurance broker leaves you more time to focus on your core business strategies and growth opportunities for the future.

The No-Brainers

For most brokers these traits are a given, and for good reason they should be. If they aren’t core strengths, keep looking.

  • Reputation - A solid and long term reputation in your community and the industry often points to a track record of success.
  • Intellectual Capital – Experienced, seasoned and intelligent colleagues, who possess the technical insurance knowledge to guide you on what risks to cover and how best to cover them.
  • Industry Expertise – Depth of knowledge in your specific industry is key. Access to benchmarking data, trends, and industry changes are essential when evaluating your organization’s risk profile.
  • Insurer Relationships – Strong and deep relationships with insurance companies help provide the leverage you need to get the best coverage, best terms and best price available.

The Game-Changers

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Topics: Culture, Inside MMA, Leadership

Intern Diaries: Providing Work That Matters to Retain Millennials

By Marie Wathen, Employee Benefits Communications Intern

clock August 28, 2014 at 10:00 AM

Marie Wathen is a junior at Hillsdale College studying History and Graphic Design. This summer, she worked at Marsh & McLennan Agency (MMA) as our Employee Benefits Communications Intern. This is part two of Marie Wathens 3-part blog series that provides tips on retaining Millennial employees.

You would think from watching movies like the Devil Wears Prada or Wall Street that Millennials are only interested in soul-sucking, drama-filled work. The truth is that we are drawn to diverse industries and locations and, while we are willing to pay our dues like the best of them, we want to know we have a future beyond making coffee and copies. First and foremost, we look for the opportunity to be part of something that matters.

Millennials want to work for companies that create positive societal change. The Deloitte Millennial Survey, which surveyed nearly 7,800 Millennials from 28 countries, found that “roughly three-quarters believe businesses have a positive overall impact on the wider society in which they operate.” Millennials are drawn to companies that will help them fulfill their potential by doing meaningful work.

Here are three ways you can engage Millennials in your company:

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Topics: Human Resources, Inside MMA

Leadership: Finding the Middle Ground

By Paul Hering, CEO & Managing Principal

clock August 25, 2014 at 10:00 AM

This time of year I’m reminded of all the young adults going back to school. Reflecting on those milestone moments with my own children, I recall not wanting to miss the chance to share some of what I had learned through my own experiences.

As parents, sometimes we struggle with walking that fine line between guiding our children yet allowing them the chance to experience life and learn for themselves, hoping you have set a good example.  It can be a tough balance at times.

The same thing is true for leaders. While our colleagues and associates are obviously not our kids, there is some parallel due to what I think is a leader’s inherent responsibility -- to make a wise choice between giving specific direction versus setting an example and allowing things to unfold.

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Topics: Individuals, Inside MMA

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