Latest Marsh McLennan Headlines

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

NAIC Reports Multi-State Regulatory Settlement with Marsh & McLennan Cos.

Sep 21 2005 // More than 30 state insurance regulators working collaboratively through the National Association of Insurance Commissioners (NAIC) on Wednesday announced a multi-state regulatory settlement with the nation’s largest...

N.Y. AG Spitzer Indicts Former Marsh Execs for Roles in Bid Rigging, Fraud

Sep 15 2005 // New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills on Thursday announced the indictment of eight former executives of insurance brokerage giant Marsh Inc. for their roles in a bid rigging...

Guy Carpenter & Company Releases Study of Property Catastrophe Reinsurance Market

Sep 12 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies has released its annual, comprehensive study of the property catastrophe reinsurance market, The...

MMC Names Storms Chairman, CEO of Marsh; Caulfield Appointed at MHRC

Sep 9 2005 // Michael Cherkasky, president and chief executive officer of Marsh & McLennan Companies Inc. (MMC), announced that Brian Storms has been named chairman and chief executive officer of Marsh Inc., its risk and insurance...

Snyder Joins Guy Carpenter

Sep 7 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, announced that Jack Snyder has joined the company as a managing director and manager of...

Marsh CFO Resigning in March

Aug 22 2005 // Marsh & McLennan Cos. reported on Monday that Chief Financial Officer Sandra Wijnberg will relinquish her role with the company in March. Wijnberg joined Marsh & McLennan in January 2000 and assisted the company...

Guy Carpenter Names Spiller as New President Effective Jan. 1, 2006

Aug 15 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has appointed David Spiller as its new president, effective Jan. 1, 2006. Most recently,...

Marsh Unveils Q2 Report

Aug 2 2005 // Marsh & McLennan Companies Inc. (MMC) has reported financial results for the second quarter and six months ended June 30, 2005.Consolidated revenues for the quarter increased 2 percent to $3.1 billion. Net income was...

Ohio AG Says Customers Need More Time, Info to Evaluate Marsh Settlement

Jul 19 2005 // Ohio Attorney General Jim Petro has told New York-based insurance broker Marsh & McLennan Companies Inc. that policyholders in Ohio harmed by the company’s alleged anticompetitive activities deserve more time...

News Briefs

Jul 4 2005 // MASSACHUSETTSRomney Would Require Insurance: Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage, which he has dubbed the Safety Net Care proposal....

MARSH WON’T SELL BUSINESS UNITS:

Jul 4 2005 // Marsh & McLennan Companies will not sell any of its various businesses, the company announced after completing a strategic review of its options. Michael G. Cherkasky, president and chief executive officer of Marsh...

Marsh Names Sinnott Vice Chairman

Jun 30 2005 // Marsh & McLennan Companies Inc. (MMC) announced that John Sinnott has been named a vice chairman of MMC, Office of the CEO, effective July 1, 2005. He joins MMC International chairman Mathis Cabiallavetta as a vice...

Marsh Decides to Keep Businesses

Jun 13 2005 // Marsh & McLennan Companies will not sell any of its various businesses, the company announced after completing a strategic review of its options. Michael G. Cherkasky, president and chief executive officer of Marsh...

Marsh Exploring Options for Wholesalers Crump and Price Forbes

May 26 2005 // Marsh Inc., a leading risk and insurance services firm, announced that it has retained Banc of America Securities LLC to act as its financial advisor to explore strategic alternatives for its wholesale broking operations,...

Marsh & McLennan to Reprice Some Employees’ Stock Options Hurt by Probes

May 23 2005 // Shareholders of Marsh & McLennan Companies Inc. last week approved a plan to replace some of the stock options for employees hurt by the sharp fall in the company’s stock.Marsh & McLennan, the...

News Briefs

May 23 2005 // MASSACHUSETTSSafe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...

News Briefs

May 23 2005 // MASSACHUSETTSSafe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...

Best: Mercer Group Ratings Remain Unchanged Following FPIG Purchase

May 6 2005 // A.M. Best Co. reported that the financial strength rating of A (Excellent) and the stable rating outlook on the subsidiaries of New Jersey-based Mercer Insurance Group Inc. (MIGP) remain unchanged following the...

Guy Carpenter Will Disclose Compensation for Facultative Placements Worldwide

May 5 2005 // Guy Carpenter & Company Inc. announced that its policy regarding disclosure of compensation to clients has been extended to include facultative placements worldwide.Previously, Guy Carpenter announced its commitment...

Guy Carpenter Publishes Specialty Program Survey

May 3 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has announced the results of its premier survey of domestic insurance companies that write a...