All the headlines from our Marsh McLennan Topic Page, ordered by recency.
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...
Oct 14 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 11 2004 // CompWest Insurance Company announced that it has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market....
Sep 30 2004 // Guy Carpenter & Company, Inc., Marsh Mac’s global risk and reinsurance specialist division, announced the appointment of Wilfried Mueller as a Managing Director, effective January 1, 2005. He will lead the...
Sep 27 2004 // CompWest Insurance Company announced that it has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market....
Sep 14 2004 // Guy Carpenter & Company, Inc., MMC’s reinsurance brokerage division, announced the release of its annual, comprehensive study of the property catastrophe reinsurance market, “The World Catastrophe...
Sep 13 2004 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, announced the appointment of Beverly McIntosh as senior vice president in the company’s...
Sep 10 2004 // The 2004 Worldwide Reinsurance Awards, published by The Review magazine, have been announced at the Review Worldwide Reinsurance Awards ceremony in London. California-based Risk Management Solutions, Inc. (RMS), a leading...
Sep 10 2004 // Marsh & McLennan Companies Chairman and CEO Jeff Greenberg remembers all too well those images of Sept. 11, 2001.Greenberg knew something had gone terribly wrong in New York City that Tuesday morning. He recently...
Sep 7 2004 // Guy Carpenter & Co. Inc. announced the launch of an enhanced version of CASUS, the industry’s first and only model for analyzing unknown accumulations in workers’ compensation, group life, accident and...
Sep 6 2004 // Marsh & McLennan Companies Chairman and CEO Jeff Greenberg remembers all too well those images of Sept. 11, 2001.Greenberg knew something had gone terribly wrong in New York City that Tuesday morning. He recently...
Aug 9 2004 // S&P lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to “A+” from “AA-” and removed it from CreditWatch. The outlook is stable. In another move, S&P also assigned...
Jul 29 2004 // Marsh & McLennan Companies Inc. (MMC) reported its second quarter consolidated revenues increased 6 percent to $3.0 billion. Net income rose 7 percent to $389 million, and earnings per share increased 11 percent to...
Jul 8 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘A+’ from ‘AA-‘ and removed it from CreditWatch. The...
Jun 22 2004 // Guy Carpenter & Company Ltd., Marsh & McLennan’s global risk and reinsurance specialist, announced that it has released its annual, comprehensive review of the Lloyd’s Market – The Lloyd’s...
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...