All the headlines from our Marsh McLennan Topic Page, ordered by recency.
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...
Oct 22 2004 // New York Superintendent of Insurance Gregory V. Serio announced that his department has issued citations to Marsh & McLennan Companies, Inc. (MMC), Marsh, Inc., and Marsh Global Broking, wholly owned subsidiaries of...
Oct 21 2004 // The company at the center of a probe into insurance brokerage fees says it took in more than $1.2 billion in incentive payments over the past 18 months and that its decision to stop using such fees will reduce operating...
Oct 21 2004 // Standard & Poor’s Rating Services has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘BBB+/A-2’ from ‘A+/A-1’. The rating remains on CreditWatch with...
Oct 18 2004 // Fitch Ratings has downgraded the senior debt and long-term ratings on Marsh & McLennan Companies Inc. (MMC) to ‘A-‘ from ‘A+’ and the short-term ratings on Marsh & McLennan to...
Oct 15 2004 // Marsh & McLennan Companies Inc. (MMC) on Friday announced a change in the management of Marsh Inc., its risk and insurance services subsidiary.Michael Cherkasky has been named chairman and chief executive officer of...