90:, traveling coast to coast across the U.S., to inspect the operations of the railroad lines. By 1917, the year the United States entered World War I, Marsh & McLennan had established offices throughout the country. During the war, McLennan became responsible for the allocation and regulation of building materials for purposes other than those directly related to the war effort. For the duration of the war, no U.S. company could build an industrial plant without McLennan's approval. In this way McLennan acquired many business contacts throughout the United States, enhancing Marsh & McLennan's reputation in the postwar period. While McLennan was the
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In 1894, Donald McLennan began his insurance career at
Stryker, Manley & Buck (formerly Kimberly, Stryker & Manley est.1881) in Duluth, MN; Soon after, he became a partner in C.H. Graves & Co., which shortly was consolidated with his former firm to become the Graves-Manley Agency.
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introduced the "concept of a broker acting as a buyer of insurance representing the client, rather than as a seller of insurance." Marsh and McLennan helped to pioneer the concept of risk management.
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In the early 1900s, McLennan established a standard for thorough research in assessing risk: he spent 30 consecutive nights on a
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McLennan was a vice-president, and shortly thereafter, the firm became the McLennan-Manley Agency.
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of the company, Marsh & McLennan expanded its business into the consulting industry in 1938.
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in 1906 after the retirement of Mr. D. W. Burroughs. McLennan served as the
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firm
Burroughs, Marsh & McLennan in 1905, which was renamed
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Over the course of his life, McLennan sat on the boards of the
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Continental
Illinois National Bank and Trust Company
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27:(October 27, 1873 – October 14, 1944) was born in
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156:. Securities and Exchange Commission
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137:Marsh & McLennan Website
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125:References and footnotes
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150:"MMC – Form 10-K, 2016"
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183:May 24, 2007, at the
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147:2016 Annual Report
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248:American investors
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20:Donald R. McLennan
71:Professional life
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