All the headlines from our Marsh McLennan Topic Page, ordered by recency.
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...
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...
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...
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...
May 3 2005 // Marsh & McLennan Companies Inc. (MMC) on Tuesday reported financial results for the quarter ended March 31, 2005.Consolidated revenues totaled $3.2 billion, and net income was $134 million, or $.25 per share. These...
May 2 2005 // Mercer Insurance Group Inc. and Financial Pacific Insurance Group Inc. jointly announced that they have signed a plan of merger for Mercer to acquire all the outstanding stock of Financial Pacific for approximately $40.4...
Apr 1 2005 // Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade.The company has filed a lawsuit...
Apr 1 2005 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, and its affiliate MMC Securities Corp. announced the release of their joint study of the...
Mar 25 2005 // Standard & Poor’s Rating Services announced that it has affirmed its “BBB” counterparty credit and senior unsecured debt ratings and ‘A-2’ commercial paper ratings on Marsh &...
Mar 21 2005 // Marsh Will Drop ‘Unprofitable’ Accounts But MMC Will Keep Putnam and Mercer UnitsGiant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of...
Mar 10 2005 // In its annual report filed with the Securities and Exchange Commission, Marsh & McLennan reported that the U.S. Department of Labor last month served the firm with a subpoena seeking documents related to the...
Mar 2 2005 // Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of unprofitable U.S. middle and small market accounts as it implements its new business model...
Feb 21 2005 // The street has become a superhighway, far removed from the clubby atmosphere of Los Angeles’ Wilshire Blvd. or New York’s Pine Street. Anybody can now comment on the latest industry happenings over the...
Feb 21 2005 // Encino, Calif.-based NAS Insurance Services has appointed Jeannie Davila as assistant vice president in charge of its new E&S Property Insurance facility. Davila brings 30 years of insurance experience to her new...
Jan 31 2005 // Florida Attorney General Charlie Crist, released the following statement after the announcement of an $850 million settlement between Marsh & McLennan and the New York State Attorney General and the Superintendent of...
Jan 31 2005 // Marsh & McLennan Companies, Inc. (MMC) today confirmed an agreement with the New York State Attorney General and the Superintendent of the New York State Insurance Department that resolves the actions that were...
Jan 27 2005 // Marsh & McLennan Companies Inc. (MMC) announced a number of organizational and management changes within Mercer Inc., one of the world’s largest consulting firms, providing services on issues that face the...
Jan 25 2005 // Guy Carpenter & Company Inc., Marsh & McLennan’s reinsurance specialist, has released its comprehensive Marine & Energy Reinsurance Review Report 2005, which identifies key influences driving...
Jan 24 2005 // New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Cos. Inc. to settle his bid-rigging and price-fixing charges, according to a report published...
Jan 15 2005 // New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Companies Inc. to settle his bid-rigging and price-fixing charges, according to a report published...