All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Apr 14 2004 // Fitch Ratings has affirmed the ‘A+’ senior debt rating and ‘F1’ short-term rating of Marsh & McLennan Companies Inc. (MMC). The senior debt rating has been removed from Rating Watch Negative...
Mar 22 2004 // Marsh & McLennan Companies Inc. approved the addition of Zachary W. Carter to the slate of nominees for the board of directors of MMC. MMC shareholders will be asked to elect Carter to the board at the company’s...
Feb 12 2004 // In response to insurance companies’ reported need for more effective tools to manage their Directors & Officers Liability Insurance (D&O) portfolios for U.S. publicly traded companies, Guy Carpenter &...
Jan 28 2004 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and year ended Dec. 31, 2003.Consolidated revenues in the fourth quarter increased 15 percent to $3 billion. Net income grew 21 percent...
Jan 14 2004 // In a recent study of the reinsurance marketplace by Flaspohler Research Group, U.S. ceding companies, which include the world’s largest property and casualty companies, have ranked Guy Carpenter & Company, Inc....
Dec 30 2003 // Guy Carpenter & Company, Inc., a leading global risk and reinsurance specialist, announced the appointment of David Lightfoot as Managing Director of Instrat Non-Americas.“In this newly created position, Mr....
Dec 17 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the Mercer Insurance Group (Pennington, N.J.). The rating outlook is stable.The rating reflects the group’s strong capitalization, solid...
Nov 20 2003 // Guy Carpenter & Company, Inc. announced the development of a proprietary analytical tool in response to insurance companies’ growing use of quota shares and surplus/trust preferred notes to manage their capital...
Nov 5 2003 // Standard & Poor’s Rating Services reported that it revised its outlook on Marsh & McLennan Cos. (MMC) to negative from stable and affirmed its ‘AA-/A-1+’ counterparty credit rating on the...
Oct 21 2003 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and nine months ended Sept. 30.Consolidated revenues for the quarter increased 11 percent to $2.8 billion. Net income rose 19 percent...
Oct 14 2003 // New Jersey’s Borden Perlman agency recently celebrated the seventh anniversary of their successful merger, completed in 1996.The firm has offices in Lawrenceville and Trenton specializing in a broad range of P/C...
Sep 5 2003 // Bermuda’s XL Capital Ltd announced that it has completed the purchase, through a subsidiary, of the remaining 33% of Le Mans Ré held by Les Mutuelles du Mans Assurances Group (“MMA”). XL and MMA formed...
Aug 4 2003 // Standard & Poor’s Ratings Services said that it had affirmed its ‘A-‘ insurer financial strength and long-term counterparty credit ratings on France-based property-casualty insurer Les Mutuelles du...
Jul 23 2003 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and six months ended June 30, 2003.Consolidated revenues for the quarter increased 10 percent to $2.9 billion from $2.6 billion in the...
Jan 24 2003 // Guy Carpenter &. Company Inc. announced that Robert Bentley has been named regional manager of Broking Operations for the US Western Region at Guy Carpenter, which includes offices in Seattle, San Francisco, and Los...
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...