All the headlines from our Marsh McLennan Topic Page, ordered by recency.
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...
Oct 19 2009 // Brian Duperreault, president and CEO of Marsh & McLennan Cos. Inc., has extended his employment with MMC through January 2014. Duperreault has held this position since January 2008. Prior to joining MMC, Duperreault...
Oct 13 2009 // The catastrophe bond market is poised for an active fourth quarter in 2009, according to a new report.The report by Guy Carpenter & Co., LLC, and GC Securities, a division of MMC Securities Corp. concludes that a...
Sep 10 2009 // Guy Carpenter & Company, LLC has published its annual update on legislative and legal developments affecting insurers and reinsurers in Continental Europe. The report – available at: www.GCCapitalIdeas.com...
Aug 12 2009 // Guy Carpenter & Co. LLC has hired two new executives in its Latin America and Caribbean (LAC) region.Aidan Pope has been named CEO of Latin America and Caribbean Operations and will be based in Miami. He will work...
Aug 5 2009 // Marsh & McLennan Companies Inc. posted a second quarter net loss of $193 million, attributable to the declining value of its security consulting business and private equity investments. Last year for the same quarter...
Aug 5 2009 // Marsh & McLennan Cos. Inc. , the No. 2 global insurance broker, posted quarterly results in line with expectations on Wednesday and forecast improved profitability for its brokerage business, sending its shares up 4.3...
Jul 13 2009 // Guy Carpenter & Company, LLC announced that it has named Chris McKeown as Chief Executive Officer of Global Analytical and Specialty Practices. He will be responsible for Guy Carpenter’s Instrat® modeling...
Jul 2 2009 // Guy Carpenter & Company announced that it has named Henry Keeling as President & Chief Executive Officer of International Operations, effective August 1, 2009.He will also chair Guy Carpenter’s...
Jul 1 2009 // Upward pressure on property/catastrophe reinsurance rates in the U.S. eased at the July 1, 2009 renewal, as capacity in the market remained sufficient without being abundant, according to a briefing published today by Guy...
Jun 25 2009 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Plymouth Rock Assurance Group...
Jun 1 2009 // Florida property/catastrophe reinsurance rates increased by 15 percent at the June 1, 2009, renewal, compared to a decline of 15 percent a year ago, according to reinsurance specialist Guy Carpenter & Co.In a new...
May 18 2009 // Marsh & McLennan Cos. Inc. has agreed to pay $2.4 million to the state of Connecticut to settle claims of bid-rigging, price-fixing and receiving kickbacks.State Attorney General Richard Blumenthal says the deal...
May 8 2009 // Marsh & McLennan Cos. Inc., the New York-based insurance broker and consulting firm, has agreed to pay $2.4 million to the state of Connecticut to settle claims of bid rigging, price fixing and receiving...
May 4 2009 // Farmers, American International Group (AIG), 21st Century Insurance Co.Los Angeles-based the Farmers Insurance Group of Companies announced it will acquire American International Group’s (AIG’s) Personal Auto...
Apr 21 2009 // New York-based brokerage Marsh & McLennan Cos. (MMC) has named William Krivoshik as chief information officer and senior vice president for the firm, effective immediately. In the newly created position, Krivoshik...
Apr 15 2009 // “The catastrophe bond market is weathering the effects of the global financial downturn while maintaining a strong issuance pipeline for the remainder of 2009,” according to a briefing published on...