Latest Marsh McLennan Headlines

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

People

Nov 19 2006 // Greg Thompson, president and chief executive officer of Thomco, is the new president of the Target Markets Program Administrators Association, a national organization serving program managers.Thomco, headquartered in...

Nov 19 2006 // PeopleGreg Thompson, president and chief executive officer of Thomco, is the new president of the Target Markets Program Administrators Association, a national organization serving program managers. Thomco, headquartered...

Nov 19 2006 // PeopleTony Boyd joined Dallas-based McQueary Henry Bowles Troy L.L.P. as a sales professional in Personal Insurance Professionals, a division of MHBT that serves personal lines clients. Prior to joining MHBT, he was agency...

People

Nov 19 2006 // Greg Thompson, president and CEO of THOMCO, is the new president of the Target Markets Program Administrators Association, a national organization serving program managers.Thompson joined THOMCO in 1979, after two years in...

Guy Carp/Amlin Announce First Full Paperless Electronic Claims Settlement

Nov 17 2006 // Guy Carpenter, the global risk and reinsurance specialist of the Marsh & McLennan Companies, and Amlin, a leading Lloyd’s insurer, announced that they have successfully implemented their Electronic Claims File...

Guy Carpenter Names Farricker Sr.VP-Global Surety

Nov 16 2006 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of Ken Farricker as Senior Vice President in its Global Surety Specialty...

Guy Carpenter Comments on Catlin Cat Bond Placement

Nov 14 2006 // Guy Carpenter, the global risk and reinsurance specialist of the Marsh & McLennan Companies and its affiliate MMC Securities Ltd., noted their role as advisors in the completion of a multi-territory, multi-peril...

Guy Carpenter Releases Annual Review of U.S. Tort Law Developments

Nov 2 2006 // The most important tort law development of 2006 is still up for grabs, with the U.S. Supreme Court expected to rule on Philip Morris’ appeal of a $79.5 million punitive damage judgment in a lawsuit brought in Oregon,...

Marsh Revenue, Profit Up in 3d Quarter; Expenses Down

Nov 1 2006 // Marsh & McLennan Companies, Inc. reported consolidated revenues for the third quarter were $2.9 billion, an increase of 4 percent from the 2005 third quarter. Consolidated net income more than doubled to $176 million...

Bieler Named Treasurer at Marsh

Oct 27 2006 // Marsh & McLennan Companies,Inc. has named Alan W. Bieler as treasurer. Bieler succeeds and reports to Matthew B. Bartley, who was promoted to chief financial officer of MMC last month. Bieler joined MMC in July 2001...

Guy Carpenter Launches ‘STEALTH’ E-Trading System for Latin America

Oct 25 2006 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced that its dedicated facultative reinsurance unit, GCFac, has launched STEALTH (Sabotage and...

Business Moves

Oct 9 2006 // Safeco moves to New York Stock Exchange, to Lay off 240Seattle-based Safeco intends to list its common stock on the New York Stock Exchange (NYSE). Safeco anticipates the trading of its common stock to commence on the NYSE...

Moody’s Affirms Marsh & McLennan’s Ratings, Keeps Negative Watch

Sep 28 2006 // Moody’s Investors Service said it was affirming the Baa2 senior unsecured debt rating and the Prime-2 short-term debt rating for Marsh & McLennan Companies Inc., the nation’s largest insurance...

Burns Named CEO for Mercer; Bartley CFO for MMC

Sep 26 2006 // Marsh & McLennan Companies, Inc. has named M. Michele Burns, chief financial officer of MMC, to the position of chairman and chief executive officer of Mercer Human Resource Consulting. She succeeds Michael Caulfield,...

Figures

Sep 25 2006 // 6,000The number of personal and commercial policyholders along the Texas coast expected to be affected by State Farm Insur-ance Company decision to stop renewing policies for properties within 2,500 feet of coastal waters...

News Currents

Sep 25 2006 // Marsh & McLennan cutting 750 jobsMarsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure to...

Marsh & McLennan cutting 750 jobs

Sep 25 2006 // Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs.Marsh & McLennan,...

Marsh & McLennan Exploring Possible Sale of Putnam

Sep 21 2006 // Marsh & McLennan Cos., the world’s biggest insurance brokerage, says it is checking the market for a possible sale of its Boston-based mutual funds division, Putnam Investments.Michael G. Cherkasky, New...

S&P: Marsh & McLennan Rating Unaffected by Possible Putnam Sale

Sep 21 2006 // Standard & Poor’s Ratings Services said that it is taking no rating action on Marsh & McLennan Companies (BBB/Negative/A-2) following the firm’s decision to, as MMC phrased it, “do a market...

Marsh & McLennan Cutting 750 Jobs

Sep 18 2006 // Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said last Friday it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs.Marsh &...