While many other U.S. companies are suspending their operations in Russia, Marsh McLennan (MMC -1.1%), which provides risk advisory services and insurance solutions, will exit all of its businesses in the country, the company said in a statement.
The company plans to transfer ownership of its Russian businesses to local management who will operate independently in the Russian market.
"We condemn the unprovoked attack by the Russian government against the people of Ukraine," said Marsh McLennan President and CEO Dan Glaser.