All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Dec 3 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Cambridge Property & Casualty, based in based in Livonia, Mich., Founded in 1974, Cambridge provides...
Nov 6 2013 // Marsh & McLennan Cos. (MMC) reported today its 2013 third quarter net income of $253 million, a 4.98 percent increase from $241 million income reported during the same period a year ago. MMC’s consolidated...
Nov 6 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Elsey & Associates, a $4.5 million revenue agency based in Spring, Texas. Terms of the transaction were...
Oct 28 2013 // Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the...
Oct 21 2013 // Technology failure and cyber attacks represent a greater threat to most organizations than adverse weather, fire and social unrest combined, according to a new report by Guy Carpenter.The report, “Tomorrow Never...
Oct 2 2013 // Guy Carpenter & Co., a global risk and reinsurance intermediary specialist and member of Marsh & McLennan Cos., announced the launch of its new Excess & Surplus Lines Specialty Practice. Guy Carpenter said the...
Sep 18 2013 // An article from Guy Carpenter states: “According to the IPCC Fourth Annual Assessment Report (AR4), the scientific consensus is that global warming is indeed an established scientific fact. The evidence is...
Sep 4 2013 // Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said.“With the...
Sep 4 2013 // Guy Carpenter & Company has an analysis of the evolving risk landscape spurred by global warming, which stresses that “climate change, global warming and the resulting landscape shift for risk management is a...
Aug 16 2013 // The Canadian province of Quebec has ordered Canadian Pacific Railway Ltd to help pay clean-up costs after a train disaster that killed 47 people and said on Thursday the company has no choice in the matter.The disaster,...
Aug 12 2013 // Reinsurance market rates continued to be driven by an influx of capital from third-party investors at the July 1 renewals, in spite of catastrophe losses reaching approximately $20 billion during the first six months of...
Aug 9 2013 // The U.S. railway whose runaway train killed 47 people in a tiny Quebec town last month was granted bankruptcy protection from a Canadian court on Thursday and took steps in that direction in a U.S. court as well.Montreal...
Aug 8 2013 // Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net profit reported during the same quarter one year ago.Net profit for the first six...
Aug 7 2013 // The Montreal, Maine and Atlantic (MMA) railway company will stop transporting oil after a runaway oil tanker train derailed and exploded in a small Quebec town last month, killing 47 people, MMA Chairman Ed Burkhardt said...
Aug 5 2013 // Marsh & McLennan Companies Inc. named Nicole Gardner as chief diversity and inclusion officer.In her new role, Gardner is responsible for “driving cultural and organizational change at Marsh & McLennan...
Aug 5 2013 // Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Douglas Cauti as senior vice president and chief underwriting officer of its construction practice. Cauti will lead a unit that...
Aug 2 2013 // As investigators seek reasons for the deadly train crash in Lac-Megantic, Quebec, last month and the huge “abnormal” fire it caused, they are focusing on the nature of the fuel cargo as well as the brakes,...
Aug 1 2013 // Canadian Pacific Railway, hired to transport oil from North Dakota to New Brunswick, subcontracted part of the job to the small railroad involved in the deadly crash in Lac-Megantic, Quebec, the company that chose the...
Jul 31 2013 // U.S. fuel logistics company World Fuel Services Corp said on Tuesday it has “serious objections” to being ordered by the Quebec government to help pay for the cleanup of the devastating railway crash in...
Jul 30 2013 // The Quebec government has ordered the rail and fuel companies involved in a devastating train crash that killed 47 people in the town of Lac Megantic to pay for cleaning up the crude oil that spilled in the town and...