Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
People – East
Apr 20 2015 // American International Group Inc.named Gaurav D. Garg as chief executive officer, Personal Insurance. The appointment marks the return of Garg to AIG, where he held various personal insurance roles for 12 years before...
Guy Carpenter Launches G-CAT® Canada Flood Model
Apr 16 2015 // Guy Carpenter launched its G-CAT® Canada Flood Model, which it describes as the first ever probabilistic flood model for Canada that enables insurers to assess their exposure to flood, Canada’s most frequently...
Mercer’s Garg Returns to AIG as CEO of Personal Insurance
Apr 1 2015 // American International Group Inc. has named Gaurav D. Garg as chief executive officer, Personal Insurance. The appointment marks the return of Garg to AIG, where he held various personal insurance roles for 12 years before...
Guy Carpenter Report Reveals Greatest Tsunami Risk Lies in Taiwan
Mar 23 2015 // Guy Carpenter’s new scenario risk report for the Asia-Pacific region predicts the greatest tsunami risk in the area lies in Taiwan. The report, titled “Tsunami Risk from Magnitude 9.4 Earthquake in Manila...
M&A Calendar: P/C Agent, Broker Mergers & Acquisition Headlines in 2014
Mar 23 2015 // Insurance Journal reported on more than 200 deals involving agencies’ or brokerages’ mergers and acquisitions in 2014. Activity was busiest in the first and fourth quarters, with more than 60 announcements...
2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter
Feb 26 2015 // Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33...
Energy Workers at Loose Ends after Drop in Crude Prices
Feb 20 2015 // The drive from Ken Mercer’s home in Tennessee to the oil fields of western North Dakota takes 20 hours if you drive straight through. Every month, Mercer, an Army veteran who served in Iraq, would make the trip as...
Guy Carpenter Appoints Eagle as Head of International Analytics
Feb 19 2015 // Guy Carpenter has appointed Matthew Eagle as managing director and head of international analytics. Eagle will be joining Guy Carpenter’s London office on August 1, following the end of his notice period. In his role...
Guy Carpenter Explains ‘Collateralized Reinsurance’ Transactions
Feb 12 2015 // Guy Carpenter has provided an answer to a rarely asked question, but one which increasingly affects insurers and reinsurers: namely, what’s involved in a collateralized reinsurance transaction? Guy Carp explained...
Global Insurers, Brokers Establish Micro Insurance Consortium
Jan 23 2015 // A group of global insurance companies and brokers took advantage of the World Economic Forum meeting in Davos to announce that they have established a micro insurance consortium and micro insurance venture incubator...
Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter
Jan 7 2015 // Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy...
Casualty Catastrophes Threaten (Re)Insurers’ Balance Sheets: Guy Carpenter
Dec 10 2014 // The “casualty catastrophe” is perhaps the most daunting threat that casualty (re)insurers face today, according to GCCapitalIdeas.com, Guy Carpenter’s thought-leadership blog. Casualty (or liability...
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new...
Marsh & McLennan Acquires Nuwest Insurance Services in California
Nov 7 2014 // Marsh & McLennan Agency LLC has acquired NuWest Insurance Services Inc., an Irvine, Calif.-based property/casualty agency. NuWest generates roughly $2.4 million in revenue and specializes in providing P/C insurance...
People – East
Oct 20 2014 // Retail insurance broker EPIC (Edgewood Partners Insurance Center) has hired former Integro President and CEO Peter Garvey as chief operating officer based in New York. In this newly created position, Garvey will be...
Ex-U.S. Security Chief Ridge, Guy Carpenter, Lloyd’s Launch Cyber Policy
Oct 7 2014 // Reinsurance specialist Guy Carpenter & Co. is launching a new cyber privacy and network protection product with Ridge Insurance Solutions Co., a new Lloyd’s managing agency led by Tom Ridge, former U.S. secretary...
Marsh & McLennan Names McGivney Senior Vice President, Corporate Finance
Sep 30 2014 // Marsh & McLennan Companies Inc. announced that Mark McGivney will become senior vice president, Corporate Finance, reporting to Chief Financial Officer Mike Bischoff, effective October 1. McGivney will be responsible...
Guy Carp’s Vice Chairman Explains Multiple Tasks of a Modern Reinsurance Broker
Sep 24 2014 // Following a presentation from Guy Carpenter, moderated by the CEO Alex Moczarski, we caught up with the company’s Vice Chairman David Priebe, who explained just what’s involved in operating one of the...
Marsh & McLennan Appoints Roberts as Deputy General Counsel
Sep 15 2014 // Marsh & McLennan Companies Inc. has hired Carey S. Roberts as deputy general counsel and corporate secretary. She will report to Peter J. Beshar, executive vice president and general counsel of Marsh &...
Guy Carpenter’s Bufkin Joins Hamilton USA
Sep 12 2014 // Hamilton Insurance Group today announced that Barbara C. Bufkin will be joining its U.S. operations, Hamilton USA, as executive vice president, Business Development. Reporting to Hamilton USA CEO Conan Ward, Bufkin will be...
