All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Dec 21 2004 // Fitch Ratings has downgraded the senior debt rating on Marsh & McLennan Companies Inc. (MMC) to ‘BBB-‘ from ‘BBB’. Marsh’s long-term and short-term ratings remain at ‘BBB’ and...
Dec 16 2004 // Guy Carpenter & Company, Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has published a “Disclosure Doctrine” for treaty placements globally. The new...
Dec 16 2004 // Standard & Poor’s Rating Services announced that its “BBB” long-term counterparty credit and senior debt ratings on Marsh & McLennan Cos. (MMC) will remain on CreditWatch negative.The decision...
Dec 7 2004 // Guy Carpenter & Company, Inc., Marsh & McLennan’s reinsurance specialist, and Criterion Research Group LLC, an independent investment research firm, announced that they have entered into a licensing...
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and InsurersMarsh ‘Hopeful’ of Quick Settlement Marsh & McLennan has been in constant contact and cooperation with New York Attorney Eliot...
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and InsurersMarsh ‘Hopeful’ of Quick Settlement: Marsh & McLennan (MMC) has been in constant contact and cooperation with New York Attorney...
Dec 6 2004 // In an effort to obtain a better look at insurance contracts with state agencies and any impact on public dollars, Tom Gallagher, Florida Chief Financial Officer, has subpoenaed Marsh & McLennan to obtain documents...
Nov 23 2004 // Marsh & McLennan has been in constant contact and cooperation with New York Attorney General Eliot Spitzer and 26 other states investigating its insurance brokerage practices and while the ultimate objective is to...
Nov 23 2004 // Standard & Poor’s Ratings Services lowered its counterparty credit and senior debt ratings on Marsh & McLennan Cos. Inc. (MMC) to ‘BBB/A-2’ from ‘BBB+/A-2’. The ratings remain on...
Nov 22 2004 // Marsh & McLennan Companies Inc. (MMC) revealed it would lay off about 3,000 employees to reduce annual expenses by $400 million. About three-quarters of the layoffs will occur in the insurance and risk management...
Nov 18 2004 // Marsh & McLennan Companies Inc. (MMC), parent to insurance broker Marsh, announced that five members of its board of directors, who are also executives of the company, have stepped down from their positions on the...
Nov 10 2004 // Brown & Brown Inc. is confident that twin investigations of the insurance industry by Florida officials will reveal no wrongdoing by the Daytona Beach-based company or its brokers, its president says.Jim Henderson,...
Nov 9 2004 // Marsh & McLennan Companies Inc. (MMC) today revealed it would lay off about 3,000 employees to reduce annual expenses by $400 million.About three-quarters of the layoffs will occur in the insurance and risk management...
Nov 3 2004 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of George Carrington as Senior Vice President in Guy Carpenter’s U.K....
Nov 2 2004 // Guy Carpenter & Company Inc., the global risk and reinsurance division of Marsh & McLennan, announced the appointment of Bill Henriques as senior vice president in its Professional Liability Specialty...
Oct 28 2004 // Fitch Ratings has downgraded the senior debt and long-term ratings on Marsh & McLennan Companies Inc. (Marsh) to ‘BBB’ from ‘A-‘. The short-term ratings on Marsh remain at ‘F2’. All...
Oct 27 2004 // Following recent developments at Marsh & McLennan, Standard & Poor’s Ratings Services has issued a bulletin, which sets forth its initial reaction to the changes (See related articles).S&P said its...
Oct 27 2004 // Guy Carpenter & Company Inc. has announced the introduction of the Reveal model, a refined exposure rating tool that helps to identify the drivers of costly excess losses within workers’ compensation...
Oct 26 2004 // The Marsh & McLennan board of directors announced it has accepted the resignation of chairman and chief executive officer Jeffrey W. Greenberg.Stepping in to immediately replace Greenberg is Michael G. Cherkasky,...
Oct 25 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...