Home » Bear Case Scenario » Bear Case Scenario Marsh McLennan $MMC, $AON, $ERIE, $WSH, $AJG, $BRO

Bear Case Scenario Marsh McLennan $MMC, $AON, $ERIE, $WSH, $AJG, $BRO

Marsh McLennan (NYSE:MMC) is about to release earnings. Follow this Bear Case Scenario as you ponder management comments.

Growth prospects for consulting and outsourcing are closely tied to overall employment trends. Unemployment is stuck in the muck and does not seem to be recovering smartly.

Consulting and outsourcing assignment margins have been under serious pressure as larger and established competitors have driven down fees to gain market share.

Revenues fluctuate in tandem with the insurance pricing cycle and market capacity.

George Gutowski writes from a caveat emptor perspective.