All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Apr 14 2009 // The Boston office of risk and reinsurance specialists Guy Carpenter & Co. has appointed five new five new senior brokers.Kathleen McCann has been named managing director. She joins Guy Carpenter from Aon Benfield,...
Apr 9 2009 // Guy Carpenter & Co. LLC completed the previously announced acquisition of John B. Collins Associates Inc.The acquisition of Collins, the fifth largest reinsurance intermediary in the United States and seventh largest...
Apr 7 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009 renewals.According to Guy Carpenter & Co.’s “Rates Up on...
Apr 6 2009 // Marsh & McLennan Cos. paid out more than $33 million in compensation to its two chief executives that oversaw the company in 2008, according to an Associated Press calculation of figures disclosed in a regulatory...
Mar 23 2009 // BrickStreet MutualWorkers’ compensation insurer BrickStreet Mutual Insurance Co. wants to expand into Kentucky, Virginia, Alabama, Pennsylvania and Illinois. President and Chief Executive Officer Greg Burton says the...
Mar 9 2009 // MarshMarsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and...
Mar 9 2009 // MarshMarsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and...
Mar 2 2009 // Guy Carpenter Co., a leading risk and reinsurance specialist, has agreed to acquire John B. Collins Associates, Inc., a privately-held company and the seventh largest reinsurance intermediary in the world.Guy Carpenter...
Feb 12 2009 // Marsh & McLennan Cos Inc , the No. 2 global insurance broker, reported better-than-expected fourth-quarter earnings, helped by lower costs, and forecast higher profits in 2009, sending its shares up 16 percent.The...
Feb 11 2009 // Marsh & McLennan Companies Inc. reported profits were up 4 percent for the full year 2008, but fourth quarter revenue was down some 9 percent over the previous year’s quarter.In the fourth quarter 2008,...
Feb 4 2009 // Catastrophe bonds withstood the impact of onerous market forces in 2008, brought on by turmoil in the global capital markets, according to a new briefing on catastrophe bond market activity.The cat bond market update,...
Nov 11 2008 // Mercer, MMC’s consulting services division, has announced that it “can now provide clients with a ‘carbon footprint’ analysis of their portfolio/s, and compare it to a chosen benchmark, such as the...
Nov 5 2008 // Marsh & McLennan reported an $8 million loss in the third quarter. For the third quarter last year, when it sold Putnam Investments, MMC reported net income of $1.9 billion.The company said it is pleased with the...
Oct 24 2008 // Large insurance broker Marsh has formed Marsh & McLennan Agency LLC, a new business dedicated to serving the insurance needs of small and emerging growth U.S. companies.The agency will conduct its business separately...
Sep 22 2008 // The Chubb Corp has named Richard G. Spiro executive vice president and chief financial officer, effective Oct. 1. Spiro, 44, succeeds the retiring Michael O’Reilly, who will remain at company until the end of 2008 to...
Sep 8 2008 // The Annual Reinsurance Rendezvous in Monte Carlo convened this weekend amid concerns over the ongoing credit crisis, the softening of the market and the onslaught of storms in the Caribbean.The current climate for the...
Sep 5 2008 // Marsh & McLennan Companies Inc. appointed Orlando D. Ashford as senior vice president of human resources.Ashford, whose appointment is effective Sept. 22, will work closely with key executives of MMC’s operating...
Jun 24 2008 // Marsh has announced that its aviation reinsurance team will join Guy Carpenter, also an MMC company, which specializes in all aspects of reinsurance, by the end of 2008.When the process is completed, 29 Marsh colleagues...
Jun 19 2008 // A West Virginia court indicted a Welch, W.Va. man on two felony counts of filing a false claim with an insurance company, according to Insurance Commissioner Jane L. Cline. A Mercer County Grand Jury indicted Aaron D....
Jun 16 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...