All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Jun 1 2010 // Reinsurance pricing at the June 1, 2010 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis. That’s according to reinsurance intermediary Guy Carpenter & Co.,...
May 14 2010 // January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter merger and acquisition (M&A) activity bested last year’s first quarter performance...
Apr 19 2010 // January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter merger and acquisition (M&A) activity bested last year’s first quarter performance...
Apr 14 2010 // Catastrophe bond issuance conditions saw sustained improvement in the first quarter of 2010, reflecting the increase in prominence of the insurance linked securities (ILS) asset class.Despite the continued improvement in...
Apr 5 2010 // 21st Century, HomeWise21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from...
Mar 22 2010 // Guy Carpenter & Company announced that it has named Victoria Carter as Vice Chairman of Guy Carpenter International. She will be “a key member of the Guy Carpenter International Leadership team and will be...
Mar 17 2010 // In a move that accelerates its national growth, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Thomas Rutherfoord, Inc., the country’s 14th largest privately-held...
Mar 9 2010 // Marsh & McLennan Cos Inc., the No 2. global insurance broker, has put up its security consulting business Kroll up for sale for $1.3 billion and received offers from several major private equity firms in the first...
Mar 5 2010 // As it continues to build a national business, Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has appointed three executives to its senior leadership team. They are: Lisa R. Hoffmann, chief...
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
Feb 10 2010 // Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, managed a 13 percent profit...
Jan 10 2010 // United Insurance, Mexico AgencyFalmouth, Maine-based insurance agency United Insurance has acquired The Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in...
Jan 10 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC.Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Jan 5 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC.Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Dec 22 2009 // Marsh & McLennan Agency has acquired The NIA Group, one of the largest independent insurance agencies in the Northeast.Terms of the deal were not released. Paramus, New Jersey-based NIA, founded in 1926, has annual...
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Nov 16 2009 // Insurance broker Marsh & McLennan Cos. Inc. will pay $400 million as part of a class action settlement filed five years ago by state pension plan administrators in New Jersey and Ohio in connection with a probe of the...
Nov 12 2009 // New York-based Marsh & McLennan Agency, a subsidiary of insurance mega-broker Marsh Inc., has acquired Insurance Alliance, one of the largest independent insurance agencies in Texas.Terms of the deal were not...
Nov 4 2009 // Marsh & McLennan Companies, Inc. (MMC) reported that for the third quarter of 2009, its consolidated revenue was $2.5 billion, a decline of 11 percent from the third quarter of 2008. Insurance revenue was down 5...
Oct 26 2009 // Program administrators and managing general agents (PAs & MGAs) remain interested in growth through acquisition in order to accelerate top-line growth and capture market share, according to findings from new Guy...