Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Business Moves
Mar 24 2014 // Arthur J. Gallagher, Tudor Arthur J. Gallagher & Co. has acquired Tudor Risk Services in Woburn, Mass. Terms of the transaction were not disclosed. Founded in 2009, Tudor Risk Services is a retail insurance broker...
Guy Carpenter Promotes Reina to CEO Continental Europe, MENA
Mar 5 2014 // Guy Carpenter has announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA [Middle East/North Africa], with immediate effect. He succeeds Peter Stubbings, who has taken up the...
Dandridge Named Marsh & McLennan Communications Chief
Mar 3 2014 // Edward L. Dandridge has joined Marsh & McLennan Companies Inc. as chief communications officer. In this role, Dandridge will be responsible for strategy and leadership of global corporate communications, including...
Guy Carpenter Launches Satellite-Based Catastrophe Evaluation Service
Feb 25 2014 // Guy Carpenter & Co., the global risk and reinsurance specialist and member of Marsh & McLennan Companies, has announced the launch of its new satellite-based catastrophe evaluation service, GC CAT-VIEWSM. It has...
Business Moves
Feb 24 2014 // Kemper Corp. Kemper Corp. is realigning its property/casualty business. This realignment will result in one property/casualty segment for financial reporting purposes, beginning with the first quarter 2014. The new Kemper...
Global 2013 Cat Losses at $40 Billion Were ‘Below Average’ – Guy Carpenter
Feb 13 2014 // Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and member of Marsh & McLennan Companies, 2013 Catastrophe Review concludes that “natural catastrophes and man-made disasters...
MMC’s Marsh 4Q Revenue Jumps 4% to $1.4B
Feb 11 2014 // Marsh & McLennan Cos. reported $303 million in net income for its 2013 fourth quarter, up 17 percent from $259 million posted during the prior-year fourth quarter. The full year 2013 net income was $1.4 billion, up...
Barney & Barney CEO Speaks Out on MMA Acquisition
Feb 10 2014 // Marsh & McLennan Agency LLC has acquired San Diego, Calif.-based Barney & Barney LLC, making Barney & Barney MMA’s Western regional hub. Terms of the deal were not disclosed, but Barney & Barney CEO...
Marsh & McLennan Expands in Michigan with Employee Benefits Firm
Feb 5 2014 // Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Great Lakes Employee Benefit Services, an employee group benefits consulting and brokerage firm based in Troy, Mich. Terms of the transaction...
Marsh & McLennan Agency Acquires North Carolina Surety Bond Agency
Feb 5 2014 // Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, said it has acquired The Bond Network, a surety bonding agency based in Charlotte, North Carolina. Terms of the transaction were not...
Marsh & McLennan Agency Acquires Barney & Barney in California
Feb 3 2014 // Marsh & McLennan Agency LLC has acquired San Diego, Calif.-based Barney & Barney LLC. Terms of the deal were not disclosed. Barney & Barney is a provider of insurance, risk management and employee benefits to...
Allianz Re CEO Ahmed Sees No Rebound in 2014 Reinsurance Rates
Jan 22 2014 // Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won’t rebound in 2014, the head of Allianz SE’s reinsurance arm said. “Last year’s catastrophe activity...
NYC’s New Corporation Counsel Carter to Leave MMC Board Director Seat
Jan 8 2014 // Zachary W. Carter, who was tapped by New York City Mayor Bill de Blasio to become the city’s corporation counsel, will leave his board director seat at Marsh & McLennan Cos. Carter, a partner at law firm of...
Reinsurance Rates Down by 11% for January Renewals: Guy Carpenter Survey
Dec 30 2013 // Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. The reinsurance broker’s global renewal report pointed to “strong...
People
Dec 16 2013 // Glenn RenwickThe Progressive Corp., based in Mayfield Village, Ohio, named Chief Executive Officer Glenn Renwick as chairman of its board of directors following the death of the company’s previous chairman, Peter B....
McDonald Named Head of Oliver Wyman; Drzik Moves to Marsh Global Unit
Dec 3 2013 // Marsh & McLennan Cos. promoted Scott McDonald to be the new head of its Oliver Wyman Group subsidiary. McDonald, who has been serving as president of Oliver Wyman, a management consulting firm within the Oliver Wyman...
Marsh & McLennan Agency Acquires Michigan’s Cambridge Property & Casualty
Dec 3 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Cambridge Property & Casualty, based in based in Livonia, Mich., Founded in 1974, Cambridge provides...
MMC’s Marsh Insurance Brokerage Unit Q3 Revenue Rises 4% to $1.24B
Nov 6 2013 // Marsh & McLennan Cos. (MMC) reported today its 2013 third quarter net income of $253 million, a 4.98 percent increase from $241 million income reported during the same period a year ago. MMC’s consolidated...
Marsh & McLennan Agency Acquires Texas’ Elsey & Associates
Nov 6 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Elsey & Associates, a $4.5 million revenue agency based in Spring, Texas. Terms of the transaction were...
Marsh & McLennan Climbs to Post-Spitzer High
Oct 28 2013 // Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the...
