Let’s start with the rebrand, because it’s important context. Effective January 14th 2026, Marsh McLennan updated its brand name to simply “Marsh,” consolidating a sprawling empire of sub-brands in the process. Its stock ticker changed from MMC to MRSH, and its four businesses — Marsh, Mercer, Guy Carpenter, and Oliver Wyman — began migrating under the unified Marsh umbrella. Guy Carpenter, for instance, will become Marsh Re. Even Oliver Wyman, which sounds like a perfectly reasonable human being, will eventually be known as “Oliver Wyman, a Marsh business,” which sounds like something you’d find stamped on the back of a manila folder in a filing cabinet that hasn’t been opened since 1987.