Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Downgrade of Calif. Auto Company Results from Reinsurance Broker Error
Apr 1 2005 // Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade. The company has filed a lawsuit...
Guy Carpenter, MMC Securities Cat Bond Market Update Sees Increased Growth
Apr 1 2005 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, and its affiliate MMC Securities Corp. announced the release of their joint study of the...
S&P Takes MMC off CreditWatch; Affirms ‘BBB’ Rating, Negative Outlook
Mar 25 2005 // Standard & Poor’s Rating Services announced that it has affirmed its “BBB” counterparty credit and senior unsecured debt ratings and ‘A-2’ commercial paper ratings on Marsh &...
MarshMac Emerges from Difficult Year with Downsizing and Disclosure Plan
Mar 21 2005 // Marsh Will Drop ‘Unprofitable’ Accounts But MMC Will Keep Putnam and Mercer Units Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of...
Labor Department Subpoenas Marsh & McLennan Over Benefit Services; Sale of MMC Capital Progresses
Mar 10 2005 // In its annual report filed with the Securities and Exchange Commission, Marsh & McLennan reported that the U.S. Department of Labor last month served the firm with a subpoena seeking documents related to the...
MMC Downsizing Plan Includes Dropping ‘Unprofitable’ Marsh Accounts But Not Selling Putnam or Mercer
Mar 2 2005 // Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of unprofitable U.S. middle and small market accounts as it implements its new business model...
Marsh & McLennan Faces Off with Insurance Journal Readers
Feb 21 2005 // The street has become a superhighway, far removed from the clubby atmosphere of Los Angeles’ Wilshire Blvd. or New York’s Pine Street. Anybody can now comment on the latest industry happenings over the...
People & Places
Feb 21 2005 // Jeannie Davila Encino, Calif.-based NAS Insurance Services has appointed Jeannie Davila as assistant vice president in charge of its new E&S Property Insurance facility. Davila brings 30 years of insurance experience...
Fla. Attorney General Comments on Marsh Agreement
Jan 31 2005 // Florida Attorney General Charlie Crist, released the following statement after the announcement of an $850 million settlement between Marsh & McLennan and the New York State Attorney General and the Superintendent of...
Marsh Reaches $850M Deal With N.Y. AG Spitzer and Insurance Department
Jan 31 2005 // Marsh & McLennan Companies, Inc. (MMC) today confirmed an agreement with the New York State Attorney General and the Superintendent of the New York State Insurance Department that resolves the actions that were...
MMC Announces Organization Changes at Mercer
Jan 27 2005 // Marsh & McLennan Companies Inc. (MMC) announced a number of organizational and management changes within Mercer Inc., one of the world’s largest consulting firms, providing services on issues that face the...
Guy Carpenter Publishes Marine & Energy Report on Reinsurance Marketplace
Jan 25 2005 // Guy Carpenter & Company Inc., Marsh & McLennan’s reinsurance specialist, has released its comprehensive Marine & Energy Reinsurance Review Report 2005, which identifies key influences driving...
$750 MILLION WILL SETTLE MARSH LAWSUIT
Jan 24 2005 // New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Cos. Inc. to settle his bid-rigging and price-fixing charges, according to a report published...
Spitzer: $750 Million, Apology Will Settle Marsh Lawsuit
Jan 15 2005 // New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Companies Inc. to settle his bid-rigging and price-fixing charges, according to a report published...
Guy Carpenter & Co. Report Finds U.S. Reinsurance Market Flat, Slightly Down
Jan 10 2005 // Guy Carpenter & Company Inc., part of the Marsh & McLennan Companies, has released its annual report on pricing at renewals, U.S. Reinsurance Renewals at Jan. 1, 2005, which found pricing generally to be flat to...
Guy Carpenter Introduces Solvency II Capital Benchmarking Tool
Jan 7 2005 // Guy Carpenter & Company, Inc., Marsh & McLennan’s risk and reinsurance specialist, has announced the introduction of “Capital Adequacy Projector” (CAP), described as a “capital...
Marsh Names Gilbert as Chief Compliance Officer
Jan 7 2005 // Marsh & McLennan Companies Inc. has named E. Scott Gilbert to the newly created position of senior vice president and chief compliance officer of the company. Gilbert’s appointment is effective Jan. 24, 2005. He...
MMC Still on CreditWatch Negative
Jan 3 2005 // S&P announced that its “BBB” long-term counterparty credit and senior debt ratings on Marsh & McLennan Cos. will remain on CreditWatch negative. The decision follows the announcement that MMC closed...
Fitch Downgrades Senior Debt for Marsh & McLennan
Dec 21 2004 // Fitch Ratings has downgraded the senior debt rating on Marsh & McLennan Companies Inc. (MMC) to ‘BBB-‘ from ‘BBB’. Marsh’s long-term and short-term ratings remain at ‘BBB’ and...
Guy Carpenter Unveils Disclosure Doctrine
Dec 16 2004 // Guy Carpenter & Company, Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has published a “Disclosure Doctrine” for treaty placements globally. The new...
