All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Jun 6 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Mercer Insurance Group of Pennington, NJ. The ratings apply to the following...
May 30 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...
May 21 2008 // The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and rate profitability, according to a new industry survey...
May 7 2008 // Marsh reported financial results for the first quarter ended March 31, 2008 that showed insurance revenues up 7 percent and new insurance business up 10 percent.But overall Marsh & McLennan Companies, Inc. (MMC)...
Apr 21 2008 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also...
Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...
Feb 28 2008 // Guy Carpenter & Co., the reinsurance services subsidiary of Marsh & McLennan Cos. Inc., has named a new chief executive officer and a new chairman, the company said.Peter Zaffino will assume the CEO role –...
Feb 24 2008 // San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and...
Feb 24 2008 // Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent.The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents...
Feb 22 2008 // Marsh & McLennan Cos. Inc. will pay Michael Cherkasky, the executive they brought in to broker a costly legal settlement in 2005, $7.15 million as part of a severance package reached after he was forced out earlier...
Feb 14 2008 // Marsh & McLennan Companies, Inc. (MMC) today announced that its board of directors has decided to eliminate its current three-class structure, subject to shareholder approval.As a result of the board’s...
Feb 12 2008 // Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent.The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents...
Feb 10 2008 // Susan Doyle has been named president and COO of Wisconsin-based Wausau Insurance, part of the commercial markets business unit of the Boston-based Liberty Mutual Group. Doyle replaces Mark Fiebrink, who retired.Doyle...
Feb 10 2008 // Former Ace Ltd. CEO and Chairman Brian Duperreault has stepped down from the Bermuda-based insurer to assume to role of president and CEO of Marsh & McLennan Companies Inc.Duperreault replaces Michael Cherkasky, who...
Feb 10 2008 // Louisiana Workers’ Compensation Corporation hired Michael Page as director of safety and loss prevention.Page previously was director of loss prevention services for Workforce Safety and Insurance in North Dakota and...
Jan 31 2008 // ACE Limited announced that Brian Duperreault, the Company’s former chairman and CEO, has stepped down from the ACE Limited Board of Directors as a result of his appointment as CEO of Marsh & McLennan Companies...
Jan 30 2008 // Marsh & McLennan Companies, Inc. (MMC) has appointed Brian Duperreault, who helped grow Bermuda-based ACE Limited, as president and chief executive officer of MMC, effective immediately.He replaces Michael Cherkasky,...
Jan 27 2008 // Taken as a group, the nation’s largest public insurance brokers did better in 2007 than 2006, although the continuing soft market will make it harder for them to improve a lot on the 2007 performance in 2008,...
Jan 25 2008 // Guy Carpenter & Company has named Nick Frankland, Andrew Marcell and Ryan Ogaard to its Executive Committee. The Committee is “responsible for developing the firm’s strategic plan, setting budgets,...
Jan 16 2008 // Taken as a group, the nation’s largest public insurance brokers did better in 2007 than 2006, although the continuing soft market will make it harder for them to improve a lot on the 2007 performance in 2008,...