Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Tech Risks Threaten Supply Chain More Than Weather: Guy Carpenter
Oct 21 2013 // Technology failure and cyber attacks represent a greater threat to most organizations than adverse weather, fire and social unrest combined, according to a new report by Guy Carpenter. The report, “Tomorrow Never...
Guy Carpenter Launches Specialty Practice for Excess and Surplus Lines Carriers
Oct 2 2013 // Guy Carpenter & Co., a global risk and reinsurance intermediary specialist and member of Marsh & McLennan Cos., announced the launch of its new Excess & Surplus Lines Specialty Practice. Guy Carpenter said the...
Guy Carpenter Says ‘Global Warming’ a Reality – Citing IPCC Report
Sep 18 2013 // An article from Guy Carpenter states: “According to the IPCC Fourth Annual Assessment Report (AR4), the scientific consensus is that global warming is indeed an established scientific fact. The evidence is...
Capital Oversupply Could Pressure Reinsurers to Lower Rates
Sep 4 2013 // Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said. “With...
Rising Sea Levels Ranked as Greatest Climate Change Threat: Guy Carpenter
Sep 4 2013 // Guy Carpenter & Company has an analysis of the evolving risk landscape spurred by global warming, which stresses that “climate change, global warming and the resulting landscape shift for risk management is a...
Quebec Demands CP Railway Help Pay for Disaster Clean-up
Aug 16 2013 // The Canadian province of Quebec has ordered Canadian Pacific Railway Ltd to help pay clean-up costs after a train disaster that killed 47 people and said on Thursday the company has no choice in the matter. The disaster,...
Cat Bonds, Sidecars Keeping Reinsurance Rates Low Says Guy Carpenter
Aug 12 2013 // Reinsurance market rates continued to be driven by an influx of capital from third-party investors at the July 1 renewals, in spite of catastrophe losses reaching approximately $20 billion during the first six months of...
Railway in Quebec Train Disaster Gets Canada Bankruptcy Protection
Aug 9 2013 // The U.S. railway whose runaway train killed 47 people in a tiny Quebec town last month was granted bankruptcy protection from a Canadian court on Thursday and took steps in that direction in a U.S. court as well. Montreal...
Marsh Q2 Insurance Revenue Up 3%; Sees ‘Modest’ Price Increases
Aug 8 2013 // Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net profit reported during the same quarter one year ago. Net profit for the first six...
MMA Railway to Stop Transporting Oil after Quebec Crash
Aug 7 2013 // The Montreal, Maine and Atlantic (MMA) railway company will stop transporting oil after a runaway oil tanker train derailed and exploded in a small Quebec town last month, killing 47 people, MMA Chairman Ed Burkhardt said...
People – East
Aug 5 2013 // Marsh & McLennan Companies Inc. named Nicole Gardner as chief diversity and inclusion officer. In her new role, Gardner is responsible for “driving cultural and organizational change at Marsh & McLennan...
People – Southeast
Aug 5 2013 // Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Douglas Cauti as senior vice president and chief underwriting officer of its construction practice. Cauti will lead a unit that...
Oil Explosion in Quebec Train Crash ‘Abnormal’ Says Investigator
Aug 2 2013 // As investigators seek reasons for the deadly train crash in Lac-Megantic, Quebec, last month and the huge “abnormal” fire it caused, they are focusing on the nature of the fuel cargo as well as the brakes,...
CP Rail Subcontracted to MMA in Quebec Train Crash; Coverage an Issue
Aug 1 2013 // Canadian Pacific Railway, hired to transport oil from North Dakota to New Brunswick, subcontracted part of the job to the small railroad involved in the deadly crash in Lac-Megantic, Quebec, the company that chose the...
World Fuel Doubts Quebec Rail Crash Cleanup Payment Order is Legal
Jul 31 2013 // U.S. fuel logistics company World Fuel Services Corp said on Tuesday it has “serious objections” to being ordered by the Quebec government to help pay for the cleanup of the devastating railway crash in...
Quebec Gov’t. Orders MMA Railway, World Fuel to Pay for Train Crash Cleanup
Jul 30 2013 // The Quebec government has ordered the rail and fuel companies involved in a devastating train crash that killed 47 people in the town of Lac Megantic to pay for cleaning up the crude oil that spilled in the town and...
Marsh & McLennan Names Gardner Chief Diversity, Inclusion Officer
Jul 16 2013 // Global insurance, risk and management consulting firm Marsh & McLennan Companies Inc. in New York has named Nicole Gardner as chief diversity and inclusion officer. In her new role, Gardner is responsible for...
Deadly Quebec Train Crash Creates Fertile Ground for Lawsuits
Jul 11 2013 // As investigators try to piece together how a parked oil freight train broke free and demolished the heart of a small Quebec town last weekend, a barrage of litigation could soon be hitting everyone from the U.S. rail...
Guy Carpenter Facilitates Launch of Multi-Peril Crop Insurance in Australia
Jul 10 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. has facilitated the launch of a Multi-Peril Crop Insurance (MPCI) product for Australian grain growers for the...
How a Runaway Train Devastated Canadian Town; 13 Dead, 37 Missing
Jul 9 2013 // The short length of track, nestled in a dark pine and birch forest in Quebec, is a regular overnight stop for freight trains hauling crude oil and other raw materials across North America. Normally, before retiring for the...
