All the headlines from our Marsh McLennan Topic Page, ordered by recency.
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...
Oct 17 2001 // OpenFLEX Inc. will provide its Advanced Insurance Management Systems to five insurers in order to raise $500,000 to help the families of fallen colleagues at Aon and Marsh.OpenFLEX Inc. announced it will donate an *AIMS-I...
Oct 15 2001 // Marsh & McLennan Cos. Inc. is forming a new firm, to be called Axis Specialty Ltd., to deal with industry cutbacks in coverage that have occurred since the Sept. 11 attacks. Bermuda-based Axis is being created to...
Oct 8 2001 // Marsh & McLennan Cos. Inc. is forming a new firm to deal with industry cutbacks in coverage that have occurred since the Sept. 11 attacks. The new firm, to be called Axis Specialty Ltd., is being created to capitalize...
Oct 2 2001 // Marsh & McLennan Cos. Inc. is forming a new firm to deal with industry cutbacks in coverage that have occurred since the Sept. 11 attacks.The new firm, to be called Axis Specialty Ltd., is being created to capitalize...
Sep 24 2001 // While the destroyed Twin Towers of the World Trade Center in New York City and surrounding buildings were occupied by a variety of businesses, the insurance industry took a major blow in the Sept. 11 disaster as a number...