Latest Marsh McLennan Headlines

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

Conn. AG Alleges Reinsurance Antitrust Conspiracy Drives Up Consumer Prices

Oct 9 2007 // A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely unregulated reinsurance business.Connecticut Attorney General Richard...

Verkaar Joins Guy Carp Benelux

Oct 4 2007 // Guy Carpenter & Co. announced that Berry Verkaar has joined the firm as Senior Vice President – Treaty for the Benelux region. He will be based in Rotterdam and report to Managing Director J. Bruno Bogaerts, and...

Guy Carpenter finds Lloyd’s market at its ‘healthiest in 300 years’

Sep 24 2007 // Findings boast stellar results for London market with Lloyd’s leading the wayGuy Carpenter & Co., Marsh’s reinsurance broker and risk management division, has released “The Lloyd’s Market in...

Vitale Joins Guy Carpenter’s Reinsurance Unit

Sep 24 2007 // Joseph Vitale has been named senior vice president of GCFac, Guy Carpenter & Co.’s dedicated facultative reinsurance unit. Based in New York, Vitale will focus on both strategic and tactical operations...

Guy Carpenter Issues EU Casualty Specialty Report

Sep 12 2007 // Guy Carpenter & Company has published a new report “Casualty Specialty Update,” which covers the areas of liability catastrophe modeling, European environmental liability legislation and the impact of...

Guy Carpenter Publishes New Lloyd’s Market Report

Sep 11 2007 // Guy Carpenter & Company, LLC has released “The Lloyd’s Market in 2007,” its fifth annual review of Lloyd’s financial and operational performance. Overall Lloyd’s is probably in the...

Guy Carp Forms Cargo Modeling Team

Sep 7 2007 // Guy Carpenter & Company, LLC has formed a specialized project team to identify a more scientific, practical approach to cargo accumulation modeling. The bulletin said the “new team’s efforts have resulted...

Guy Carp Issues Annual Cat Report; Rates Down by 6%

Sep 6 2007 // Guy Carpenter & Company, LLC has published its annual, comprehensive study of the global property catastrophe reinsurance market – “The World Catastrophe Reinsurance Market: New Capital Stabilizes...

Guy Carp Names Lumbis Managing Director, Corporate Finance-Europe

Sep 4 2007 // Guy Carpenter & Company has appointed Paul Lumbis as Managing Director of Corporate Finance, Europe. He will be responsible for leading the firm’s European corporate finance business, with a particular emphasis...

Pa. Man Charged in Fatal Mercer County Hotel Arson

Aug 22 2007 // A man who just finished nearly two years in prison for an Ohio burglary was charged with burglarizing a Pennsylvania hotel and setting a fire that killed a man staying there.Michael Watson, 42, was arraigned Monday, Aug....

Guy Carpenter Names Bedford Broking Head – UK Facultative

Aug 7 2007 // Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has appointed Rupert Bedford as Head of Broking for the UK operations of GCFac™, the firm’s dedicated...

Marsh Revenue Up 2% in 2d Quarter

Aug 7 2007 // Marsh & McLennan Companies, Inc. (MMC) reported that for this year’s second quarter consolidated revenue was $2.8 billion, up 7 percent from the second quarter of 2006, or 4 percent on an underlying basis.Its...

Marsh Completes Sale of Putnam Investments to Great-West Lifeco

Aug 6 2007 // Marsh & McLennan Companies, Inc. reported that it has completed the sale of Putnam Investments to Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp. Under...

Guy Carpenter Readies Revised London Flood Model

Jul 23 2007 // Guy Carpenter Developing New London Flood Model for InsurersModel Will Provide the Most Accurate Solution Available To Insurers for London Flooding Global insurance and risk specialist Guy Carpenter & Co., LLC,...

Senate Confirms Marsh Counsel Sullivan to be U.S. Judge

Jul 6 2007 // The U.S. Senate has confrmed Richard J. Sullivan to serve as a district judge on the U.S. District Court of the Southern District of New York.Sullivan currently serves as general counsel for Marsh Inc., Marsh &...

Guy Carp Issues UK Liability Survey

Jul 5 2007 // Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has published “A Year in Review – 2006 Update,” its fourth annual review of the liability...

Guy Carpenter Set to go Electronic on All Lloyd’s Claims

Jun 21 2007 // Guy Carpenter & Company, Marsh & McLennan’s risk and reinsurance specialist, announced plans to mandate the use of Electronic Claims File (ECF) for in-scope claims for all Lloyd’s markets from January...

MarshMac blasts N.Y. Post over ad photography criticism

Jun 18 2007 // Marsh & McLennan Companies has vigorously defended its use of photographs in a recent ad campaign against the suggestion in a New York newspaper article that they contain images of the Twin Towers of the World Trade...

People

Jun 18 2007 // Countrywide Insurance Group named Steve Cardinal president and chief operating officer of Countrywide Insurance Services. As a member of Countrywide Insurance Group’s executive team, Cardinal will oversee all aspects...

Guy Carp Publishes Global Terror Insurance Market Study

Jun 12 2007 // Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has published a new study on the “Global Terror Insurance Market.” It contains information from...