Latest Marsh McLennan Headlines

All the headlines from our Marsh McLennan Topic Page, ordered by recency.

Oil Explosion in Quebec Train Crash ‘Abnormal’ Says Investigator

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,...

CP Rail Subcontracted to MMA in Quebec Train Crash; Coverage an Issue

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...

World Fuel Doubts Quebec Rail Crash Cleanup Payment Order is Legal

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...

Quebec Gov’t. Orders MMA Railway, World Fuel to Pay for Train Crash Cleanup

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...

Marsh & McLennan Names Gardner Chief Diversity, Inclusion Officer

Jul 16 2013 // Global insurance, risk and management consulting firm Marsh & McLennan Companies Inc. in New York has named Nicole Gardner as chief diversity and inclusion officer.In her new role, Gardner is responsible for...

Deadly Quebec Train Crash Creates Fertile Ground for Lawsuits

Jul 11 2013 // As investigators try to piece together how a parked oil freight train broke free and demolished the heart of a small Quebec town last weekend, a barrage of litigation could soon be hitting everyone from the U.S. rail...

Guy Carpenter Facilitates Launch of Multi-Peril Crop Insurance in Australia

Jul 10 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. has facilitated the launch of a Multi-Peril Crop Insurance (MPCI) product for Australian grain growers for the...

How a Runaway Train Devastated Canadian Town; 13 Dead, 37 Missing

Jul 9 2013 // The short length of track, nestled in a dark pine and birch forest in Quebec, is a regular overnight stop for freight trains hauling crude oil and other raw materials across North America.Normally, before retiring for the...

Guy Carpenter Acquires Maine-Based Disability Reinsurance Risk Manager

Jul 8 2013 // Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, announced last week its acquisition of Smith Group, a disability reinsurance risk...

Guy Carpenter Launches New Mutual Company Specialty Practice

Jun 28 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. have launched Mutual Company Specialty Practice which will focus exclusively on the needs of mutual insurance...

Florida Supreme Court Nixes Pre-Surgery Damages Clause without Concession

Jun 27 2013 // The Florida Supreme Court has ruled unenforceable a doctor’s financial and arbitration agreement with a patient prior to surgery because it lacked an admission of liability by the medical provider.To be enforceable...

Survey: Specialty Carriers Look to Grow Through Program Business in 2013

Jun 20 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., has released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey,...

Guy Carpenter Exec Moves to Sullivan Group in Connecticut

May 15 2013 // The Sullivan Group has hired David Marceau as vice president of its reinsurance division, GJS Re. He will be located in the firm’s Essex, Conn., office. Marceau has more than 13 years experience in the...

Marsh & McLennan Offers Organized Crime Insurance in Mexico

May 14 2013 // The Mexican unit of insurer Marsh & McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by...

Marsh & McLennan Q1 Profit Jumps 19% to $413M

May 3 2013 // Marsh & McLennan Companies Inc. reported Thursday $413 million net income attributable to the company for its 2013 first quarter, up 19 percent from $347 million in the prior year period.The consolidated revenue in the...

People – South Central

Mar 25 2013 // Argo Group International Holdings Ltd. named Kevin J. Rehnberg to head its U.S. operations. He is based in Argo’s San Antonio headquarters.Previously, Rehnberg served as executive vice president for specialty lines...

Marsh & McLennan Agency Names Gruppo Southwest Regional CEO

Mar 11 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has appointed Anthony Gruppo as regional CEO for MMA’s Southwest Hub, effective March 18. He will be based in Houston. Gruppo brings...

Marsh & McLennan Companies Appoints Treasurer in New York

Mar 11 2013 // Marsh & McLennan Companies Inc. announced the appointment of Helen Shan as vice president and treasurer. She is based in New York.Shan’s appointment is effective April 15. In her new role, she will oversee all...

Marsh & McLennan Q4 Profit Up 1%; Full-Year Profit Rose 18% to $1.18B

Feb 12 2013 // Marsh & McLennan Cos. Inc. reported this morning $259 million for the 2012 fourth quarter net income attributable to the company, a 1.2 percent increase from $256 million income reported during the fourth quarter of...

Business Moves – South Central

Jan 28 2013 // Caldwell and Partners, Midlands Holding Corp.Oklahoma-based Caldwell and Partners Inc. (CAP) acquired Midlands Holding Corp. (MHC) from PMA Capital Corp. (PMA). Midlands Management Corp. (Midlands) is a managing general...