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New York, June 10, 2008 —Marsh, the world's leading insurance broker and risk advisor, today announced it has acquired the assets of The Nielsen-Wurster Group's Construction Claims & Dispute Resolution business. As part of the transaction, more than 30 Nielsen-Wurster professionals and staff will join Marsh, including Reza Nikain, president of the acquired firm. The new team will serve in Marsh's FACS Construction Consulting Practice as Marsh continues to enhance its construction dispute and advisory capabilities.
For the past 30 years, Nielsen-Wurster has provided management consulting, risk management, and dispute resolution services globally to the construction, legal, regulatory, engineering, industrial, and commercial sectors. At Marsh, Mr. Nikain will be responsible for leading the growth of the firm’s construction claims and dispute resolution services.
The Nielsen-Wurster team adds to Marsh's existing Forensic Accounting & Claims Services (FACS) capabilities and expertise related to design, construction, risk assessment and management, dispute resolution, litigation support, project governance, and project performance.
With the acquisition of Nielsen-Wurster, Marsh's FACS Construction Consulting Practice now has more than 50 employees, including professional engineers, certified public accountants, project managers, schedule experts, architects, attorneys, and contract specialists, who assist clients with construction risk assessment, transfer, management, and recovery.
John Merkovsky, global leader of Marsh's Risk Consulting Practice, said, "I'm delighted to welcome Reza Nikain and the Nielsen-Wurster group to Marsh. The combination of our strong existing forensic and risk consulting practice in the United States, Asia, Europe, and the Middle East with Nielsen-Wurster's tradition of excellence built over three decades of experience gives us the ability to offer clients an unparalleled solution set to the many challenges that accompany construction and capital projects."
Ken Giambagno, global leader of Marsh's FACS, noted, "The addition of Nielsen-Wurster under Reza Nikain's leadership to our existing Construction Consulting Practice led by Colin Daigle clearly underscores Marsh's strong commitment to serving clients faced with complex construction claims and litigation. Our steady investment and strategic talent acquisition has positioned us well to meet the complex needs of clients in all sectors of the construction industry."
Mr. Nikain said, "Marsh has a great reputation for delivering outstanding client service, particularly for its construction clients. Integrating Nielsen-Wurster's strong brand and expertise with this platform allows us to expand our capacity and increase our service spectrum in various markets. I look forward to working with John, Ken and other Marsh colleagues in further broadening FACS capabilities and serving our clients."
Marsh has 26,000 employees and 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 more than 55,000 employees and annual revenue exceeding $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; Oliver Wyman, the management consultancy; and Kroll, the risk consulting firm. MMC's stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC's Web Site is MMC's Web Site is www.mmc.com.
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