All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Oct 14 2002 // Standard & Poor’s announced that it has revised its outlook on the single-‘A’-minus financial strength and counterparty credit ratings on the French p/c insurer Les Mutuelles du Mans Assurances IARD,...
Oct 1 2002 // Marsh & McLennan Companies, Inc. (MMC) announced that John Sinnott, chairman and CEO of Marsh Inc., the company’s risk and insurance services business, will retire from the firm in July 2003. Ray Groves,...
Sep 17 2002 // Rates in 2002 for reinsurance covering the property catastrophe risks of insurance companies increased in all regions for virtually all insurance companies, according to a new report by Guy Carpenter & Co., Inc. The...
Aug 14 2002 // British insurance broker Benfield Greig Group reported Aug. 13 it was not in takeover talks, following a report that U.S. insurer Marsh & McLennan was discussing a potential bid with the firm, according to...
Aug 13 2002 // Marsh & McLennan Cos. is currently in talks to purchase Benfield Greig Group PLC, a reinsurer based in London, for about $1 billion, according to a Dow Jones report. By taking on privately held Benfield, New...
Jul 30 2002 // Success in managing terror risk will come only through unprecedented collatoration between the public and private sectors, and the insurance and reinsurance industries must play a leading role as the tools to assess,...
Jul 24 2002 // Marsh & McLennan Companies, Inc. (MMC) reported consolidated revenues for the second quarter increased 3 percent to $2.6 billion from the second quarter of 2001. Net income grew 15 percent to $336 million, and...
Jun 28 2002 // Guy Carpenter &. Company, Inc., the global risk and reinsurance division of Marsh & McLennan, announced the appointment of Martin Markoff, 44, as Managing Director for its Continental Europe operations. “In...
Apr 24 2002 // Marsh & McLennan Companies, Inc. (MMC) has reported financial results for the quarter ended March 31, 2002, with consolidated revenues of $2.6 billion unchanged from last year. Net income grew 13 percent to $418...
Apr 9 2002 // MMC Capital, Inc., the private equity investment subsidiary of Marsh & McLennan Companies, Inc., announced that Garrett Moran has been appointed a senior advisor to the company. Moran will provide counsel on all...
Mar 28 2002 // Fitch Ratings has assigned various ratings to Marsh & McLennan Companies, Inc. (MMC), including a ‘A+’ senior debt rating and an ‘F1’ commercial paper rating. The Rating Outlook is Stable.The...
Jan 31 2002 // Marsh & McLennan Cos. Inc. announced its fourth-quarter 2001 profit fell nearly 50 percent, impacted by several one-time items. Reuters reported the New York-based company owns mutual fund firm Putnam Investments,...
Jan 15 2002 // Bermuda’s XL Capital Ltd announced that it has completed the acquisition of a 67% majority shareholding in Le Mans Re from Mutuelles du Mans Assurances (MMA), and, in an unrelated transaction, has acquired a minority...
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Dec 24 2001 // Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative. The rating actions reflect the diversity and strength of MMC’s various...
Dec 17 2001 // Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative. The rating actions reflect the diversity and strength of MMC’s various...
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the FutureThis is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth, for...
Dec 5 2001 // Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from negative.The rating actions reflect the diversity and strength of MMC’s various...
Nov 12 2001 // The reinsurance industry is gearing up to replace a good portion of the capital lost in the Sept. 11 attacks, and companies are also seeking to place themselves in a position to profit from the expected surge in demand and...
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...