All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Jan 8 2014 // Zachary W. Carter, who was tapped by New York City Mayor Bill de Blasio to become the city’s corporation counsel, will leave his board director seat at Marsh & McLennan Cos. Carter, a partner at law firm of...
Dec 30 2013 // Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. The reinsurance broker’s global renewal report pointed to “strong...
Dec 16 2013 // Glenn RenwickThe Progressive Corp., based in Mayfield Village, Ohio, named Chief Executive Officer Glenn Renwick as chairman of its board of directors following the death of the company’s previous chairman, Peter B....
Dec 3 2013 // Marsh & McLennan Cos. promoted Scott McDonald to be the new head of its Oliver Wyman Group subsidiary.McDonald, who has been serving as president of Oliver Wyman, a management consulting firm within the Oliver Wyman...
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...