Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Marsh Agency Buys Kinloch Consulting’s Boston Office
Feb 16 2011 // Marsh & McLennan Agency (MMA), the retail unit of Marsh, has acquired the Boston office of Kinloch Consulting Group Inc., the employee benefits division of Kinloch Holdings Inc. Terms of the transaction were not...
Marsh Reports Robust Revenue Growth
Feb 15 2011 // Marsh & McLennan Companies Inc. today reported strong revenue growth and net income for the fourth quarter and full year 2010 year. Consolidated revenue for the company in the fourth quarter of 2010 was $2.8 billion,...
Business Moves
Feb 7 2011 // Hylant Group, Swartzel Affiliated Ohio-based insurance brokerage, Hylant Group, and property/casualty insurance services provider Swartzel Affiliated Insurance Agency have merged. The companies’ announcement said the...
Independent Spirit Shapes Marsh’s New Retail Unit
Feb 7 2011 // CEO Eslick Shares Lessons Learned in Assembling Marsh & McLennan Agency In a little over a year, mega-broker Marsh & McLennan quickly assembled one of the largest independent agencies in the nation, entirely...
2010 Ends with a Bang
Jan 24 2011 // Fourth Quarter Brings In Record M&A Activity Following a year of historically low merger and acquisition (M&A) activity in 2009, market, economic and political dynamics fueled the fourth most active year of M&A...
Business Moves
Jan 24 2011 // Hub International, Farr Insurance Insurance broker Hub International Limited has acquired the assets of Farr Insurance Group, a Venice, Florida-based insurance brokerage firm. Terms of the acquisition were not...
Guy Carpenter Establishes New Facultative Team in Iberia
Jan 20 2011 // Guy Carpenter & Co, the global risk and reinsurance specialist of Marsh & McLennan, announced the formation of a new dedicated facultative team in Iberia. Alejandro Ramirez, Senior Vice President, Artur Castany,...
Marsh & McLennan Agency Acquires Minnesota-based RJF Agencies
Jan 6 2011 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced it has RJF Agencies Inc., one of the largest independent insurance agencies in the upper Midwest. Terms of the transaction were...
Marsh Agency Buys Georgia Benefits Brokerage
Jan 4 2011 // Marsh & McLennan Agency LLC reports it has acquired Strategic Benefit Solutions, Inc. (SBS), a $4 million benefits brokerage and consulting firm based in Alpharetta, Georgia. Terms of the transaction were not...
Reinsurance Renewal Rates On the Decline, Reports Claim
Dec 30 2010 // Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the market is to come, according to two industry reports. For the second year in a row, global...
Guy Carpenter Survey: Program Administrators Say Business Stable But Less Profitable
Dec 5 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators (PA) and managing general agents...
Ratings: Cherokee/Oakland, Wayne Mutual, Executive, United Fire, Mercer
Dec 3 2010 // A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Cherokee Insurance...
United Fire Acquiring Mercer Insurance Group
Dec 1 2010 // Iowa-based insurer United Fire & Casualty will acquire New Jersey-based Mercer Insurance Group in a deal valued at $191 million The merger, which is expected to close in the first quarter of 2011, calls for Mercer...
Program Business Stable But Less Profitable: Guy Carpenter Survey
Nov 12 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators and managing general...
Sankaran Named Risk Chief at AIG
Nov 9 2010 // AIG has named Sid Sankaran as senior vice president, chief risk officer. He succeeds Robert Lewis, who last month announced that he would retire from AIG. Sankaran’s direct reports will include the Chief Risk...
Marsh Q3 Revenue Up 9%
Nov 9 2010 // Insurance broker Marsh’s revenue in the third quarter of 2010 rose 9 percent to $1.1 billion. Marsh’s revenue growth in the United States / Canada was 3 percent in the quarter; international operations rose 2...
Business Moves
Nov 1 2010 // Ironshore, Distinguished Programs Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the...
Insurance Leader Clements– Founder of Arch, Ironshore, Integro– Dies at 77
Sep 7 2010 // Robert Clements, a global insurance industry leader who helped start several insurers and a brokerage died on Sept. 4, 2010 of cancer at age 77. Clements founded Arch Capital Group and Ironshore Inc. and was instrumental...
M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace
Aug 24 2010 // Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced...
