Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
MMC to Buy Kroll for $1.9 Billion
May 19 2004 // Marsh & McLennan Companies, Inc. (MMC) and Kroll Inc. have announced that MMC will acquire Kroll, the world’s leading risk mitigation services firm, in a move that will “broaden significantly the range of...
Cat Bond Market Grew 42% Reports Guy Carpenter
Apr 27 2004 // According to findings from a new joint study by Guy Carpenter & Company, Inc. and MMC Securities Corp., the catastrophe bond market experienced substantial growth in 2003, as cat bonds remained an important complement...
Putnam Settlement Weighs on MMC’s Q1 Results
Apr 22 2004 // Marsh & McLennan Companies, Inc. reported financial results for the quarter ended March 31, 2004. Consolidated revenues increased 13 percent to $3.2 billion from $2.9 billion in the first quarter of 2003. Net income...
Fitch Affirms Marsh & McLennan’s Ratings; Takes Off from Rating Watch
Apr 14 2004 // Fitch Ratings has affirmed the ‘A+’ senior debt rating and ‘F1’ short-term rating of Marsh & McLennan Companies Inc. (MMC). The senior debt rating has been removed from Rating Watch Negative...
Carter Added as Nominee for Marsh & McLennan Board
Mar 22 2004 // Marsh & McLennan Companies Inc. approved the addition of Zachary W. Carter to the slate of nominees for the board of directors of MMC. MMC shareholders will be asked to elect Carter to the board at the company’s...
Guy Carpenter Unveils Model for Analyzing U.S. Publicly Traded D&O Liability Risks
Feb 12 2004 // In response to insurance companies’ reported need for more effective tools to manage their Directors & Officers Liability Insurance (D&O) portfolios for U.S. publicly traded companies, Guy Carpenter &...
Marsh & McLennan Cos. Notes Strong Q4 and Year-End Numbers
Jan 28 2004 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and year ended Dec. 31, 2003. Consolidated revenues in the fourth quarter increased 15 percent to $3 billion. Net income grew 21...
Guy Carpenter Voted Best Reinsurance Broker
Jan 14 2004 // In a recent study of the reinsurance marketplace by Flaspohler Research Group, U.S. ceding companies, which include the world’s largest property and casualty companies, have ranked Guy Carpenter & Company, Inc....
Guy Carpenter Appoints David Lightfoot Manager of Instrat Non-Americas
Dec 30 2003 // Guy Carpenter & Company, Inc., a leading global risk and reinsurance specialist, announced the appointment of David Lightfoot as Managing Director of Instrat Non-Americas. “In this newly created position, Mr....
Best Affirms FSR of Mercer Insurance Group
Dec 17 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the Mercer Insurance Group (Pennington, N.J.). The rating outlook is stable. The rating reflects the group’s strong capitalization, solid...
Guy Carpenter Unveils New Model for Studying Insurers’ Quota Share, Surplus/Trust Preferred Note Options
Nov 20 2003 // Guy Carpenter & Company, Inc. announced the development of a proprietary analytical tool in response to insurance companies’ growing use of quota shares and surplus/trust preferred notes to manage their capital...
Marsh & McLennan Cos. Outlook Revised to Negative; Ratings Affirmed
Nov 5 2003 // Standard & Poor’s Rating Services reported that it revised its outlook on Marsh & McLennan Cos. (MMC) to negative from stable and affirmed its ‘AA-/A-1+’ counterparty credit rating on the...
MMC Notes Increased Q3 and Nine Month Results
Oct 21 2003 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and nine months ended Sept. 30. Consolidated revenues for the quarter increased 11 percent to $2.8 billion. Net income rose 19 percent...
N.J.’s Borden Perlman Celebrates 7th Merger Year
Oct 14 2003 // New Jersey’s Borden Perlman agency recently celebrated the seventh anniversary of their successful merger, completed in 1996. The firm has offices in Lawrenceville and Trenton specializing in a broad range of P/C...
XL Completes Purchase of Le Mans Re
Sep 5 2003 // Bermuda’s XL Capital Ltd announced that it has completed the purchase, through a subsidiary, of the remaining 33% of Le Mans Ré held by Les Mutuelles du Mans Assurances Group (“MMA”). XL and MMA formed...
S&P Affirms ‘A-‘ Ratings on MMA, Outlook Negative
Aug 4 2003 // Standard & Poor’s Ratings Services said that it had affirmed its ‘A-‘ insurer financial strength and long-term counterparty credit ratings on France-based property-casualty insurer Les Mutuelles du...
MMC Notes Q2 Results
Jul 23 2003 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and six months ended June 30, 2003. Consolidated revenues for the quarter increased 10 percent to $2.9 billion from $2.6 billion in the...
Bentley to Head Guy Carpenter’s US Broking Ops, Western Region
Jan 24 2003 // Guy Carpenter &. Company Inc. announced that Robert Bentley has been named regional manager of Broking Operations for the US Western Region at Guy Carpenter, which includes offices in Seattle, San Francisco, and Los...
S&P Revises Outlook on France’s MMA to Negative
Oct 14 2002 // Standard & Poor’s announced that it has revised its outlook on the single-‘A’-minus financial strength and counterparty credit ratings on the French p/c insurer Les Mutuelles du Mans Assurances IARD,...
Marsh Chairman & CEO to Step Down in 2003
Oct 1 2002 // Marsh & McLennan Companies, Inc. (MMC) announced that John Sinnott, chairman and CEO of Marsh Inc., the company’s risk and insurance services business, will retire from the firm in July 2003. Ray Groves,...
