Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Business Moves
Apr 5 2010 // 21st Century, HomeWise 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from...
Carter to Join Guy Carpenter as Vice Chairman – International Operations
Mar 22 2010 // Guy Carpenter & Company announced that it has named Victoria Carter as Vice Chairman of Guy Carpenter International. She will be “a key member of the Guy Carpenter International Leadership team and will be...
Marsh McLennan Agency Acquires Virginia’s Rutherfoord Agency
Mar 17 2010 // In a move that accelerates its national growth, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Thomas Rutherfoord, Inc., the country’s 14th largest privately-held...
Marsh & McLennan Puts Kroll Consulting Up for Sale for $1.3 Billion
Mar 9 2010 // Marsh & McLennan Cos Inc., the No 2. global insurance broker, has put up its security consulting business Kroll up for sale for $1.3 billion and received offers from several major private equity firms in the first...
Newman, Hofmann, Werner Join Marsh & McLennan Agency Leadership
Mar 5 2010 // As it continues to build a national business, Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has appointed three executives to its senior leadership team. They are: Lisa R. Hoffmann, chief...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
Marsh Insurance Profit Up; Settlements Hit MMC Results
Feb 10 2010 // Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, managed a 13 percent profit...
Business Moves
Jan 10 2010 // United Insurance, Mexico Agency Falmouth, Maine-based insurance agency United Insurance has acquired The Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in...
Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds
Jan 10 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds
Jan 5 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC. Guy Carpenter’s World Catastrophe Rate on Line...
Marsh & McLennan Agency Buys New Jersey’s NIA Group
Dec 22 2009 // Marsh & McLennan Agency has acquired The NIA Group, one of the largest independent insurance agencies in the Northeast. Terms of the deal were not released. Paramus, New Jersey-based NIA, founded in 1926, has annual...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Marsh & McLennan Settles Pension Plans’ Suit for $400 Million
Nov 16 2009 // Insurance broker Marsh & McLennan Cos. Inc. will pay $400 million as part of a class action settlement filed five years ago by state pension plan administrators in New Jersey and Ohio in connection with a probe of the...
Marsh & McLennan Agency Acquires Insurance Alliance of Texas
Nov 12 2009 // New York-based Marsh & McLennan Agency, a subsidiary of insurance mega-broker Marsh Inc., has acquired Insurance Alliance, one of the largest independent insurance agencies in Texas. Terms of the deal were not...
Marsh Q3 Revenue Down But Profit Up
Nov 4 2009 // Marsh & McLennan Companies, Inc. (MMC) reported that for the third quarter of 2009, its consolidated revenue was $2.5 billion, a decline of 11 percent from the third quarter of 2008. Insurance revenue was down 5...
Guy Carpenter Finds Merger Interest with MGAs, Program Managers
Oct 26 2009 // Program administrators and managing general agents (PAs & MGAs) remain interested in growth through acquisition in order to accelerate top-line growth and capture market share, according to findings from new Guy...
People
Oct 19 2009 // Brian Duperreault, president and CEO of Marsh & McLennan Cos. Inc., has extended his employment with MMC through January 2014. Duperreault has held this position since January 2008. Prior to joining MMC, Duperreault...
Cat Bond Market Set for Active Fourth Quarter, Reports Guy Carpenter
Oct 13 2009 // The catastrophe bond market is poised for an active fourth quarter in 2009, according to a new report. The report by Guy Carpenter & Co., LLC, and GC Securities, a division of MMC Securities Corp. concludes that a...
Guy Carpenter Report Updates European Legal, Legislative Changes
Sep 10 2009 // Guy Carpenter & Company, LLC has published its annual update on legislative and legal developments affecting insurers and reinsurers in Continental Europe. The report – available at: www.GCCapitalIdeas.com...
Guy Carpenter Expands Latin America, Caribbean Operations
Aug 12 2009 // Guy Carpenter & Co. LLC has hired two new executives in its Latin America and Caribbean (LAC) region. Aidan Pope has been named CEO of Latin America and Caribbean Operations and will be based in Miami. He will work...
