Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
AIG, Marsh & McLennan Q4 Earnings Improve
Mar 5 2012 // American International Group AIG reported a $19.8 billion profit for the 2011 fourth quarter, boosted by $17.7 billion in tax benefits. AIG said it has determined that it is likely to be consistently profitable in the...
Marsh & McLennan CFO Wittman Resigns for Senior Role at Google
Mar 5 2012 // Marsh & McLennan Companies announced that Vanessa Wittman, the company’s executive vice president and chief financial officer, is resigning for a senior role at Google Inc. Wittman will assist the company in the...
Marsh & McLennan Posts $256M Q4 Profit, Up 26% From Prior Year
Feb 14 2012 // Marsh & McLennan Companies reported $256 million for its 2011 fourth-quarter net profit, up 26.1 percent from one year ago when it posted $203 million profit. For the 2011 full year, Marsh & McLennan posted net...
People
Jan 23 2012 // Woodbury, N.Y.-based Sterling & Sterling appointed Leslie Nylund as president of the insurance brokerage. Nylund will be responsible for the firm’s operations, including sales, employee benefits, client services...
Marsh & McLennan Appoints AIG Exec Portalatin as CEO of Mercer Unit
Jan 18 2012 // Marsh & McLennan Companies appointed insurance veteran Julio Portalatin as CEO of Mercer, MMC’s human resource consulting subsidiary. Julio Portalatin His appointment is effective February 1. He will be based in...
N.Y.-based U.S. RE Hires Guy Carpenter Exec as Senior Vice President
Jan 11 2012 // Global reinsurance broker U.S. RE Corp. appointed reinsurance veteran James Nelson as senior vice president. Nelson is a reinsurance executive with more than 30 years of experience. He served more than 30 years at Guy...
Guy Carpenter Analyzes 2011 Catastrophes; $108 Billion in Losses
Dec 30 2011 // Reinsurance broker Guy Carpenter has examined the past year’s natural catastrophes, which it describes as “an unusually eventful year for the (re)insurance sector.” In addition to the ongoing financial...
Marsh & McLennan Agency Hires Executive VP for N.Y., Conn. Region
Dec 6 2011 // Marsh & McLennan Agency, a subsidiary of insurance broker Marsh Inc. appointed John Sames as regional executive vice president of its New York City and Milford, Conn., offices. In this new role, Sames will be...
Business Moves
Dec 5 2011 // Marsh & McLennan Agency, Seitlin Marsh & McLennan Agency, a subsidiary of insurance broker Marsh Inc., has acquired Seitlin Insurance, one of the largest insurance brokers in south Florida. Terms of the...
Business Moves
Dec 5 2011 // Arthur J. Gallagher & Co., Trissel Graham & Toole Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Trissel Graham & Toole Inc., headquartered in Davenport, Iowa. With roots dating back to 1896,...
Marsh & McLennan Agency Expands in Florida, Acquires Seitlin Insurance
Nov 17 2011 // Marsh & McLennan Agency, a New York-based subsidiary of insurance broker Marsh Inc., acquired Seitlin Insurance, one of the largest insurance brokers in South Florida. Terms of the transaction were not...
S&P Affirms Marsh Mac’s Ratings; Outlook Revised to Stable
Nov 14 2011 // Standard & Poor’s Ratings Services has revised its outlook on Marsh & McLennan Cos. to stable from negative, and has affirmed its ‘BBB-‘ long-term and ‘A-3’ short-term counterparty...
MMA (UK) Revamps Shops, Offices, Surgeries Products for Brokers
Nov 14 2011 // MMA Insurance (UK) announced that it “has enhanced its Shops, Offices and Surgeries products with a new level of rating sophistication on its Broker Online system.” It also noted that the developments...
Marsh & McLennan Agency Acquires Gallagher & Associates
Nov 3 2011 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Minnesota-based Gallagher & Associates Inc., a $1 million property and casualty insurance agency specializing in public...
Marsh & McLennan Q3 Net Profit Fell, But Revenues Continue to Rise
Nov 2 2011 // Marsh & McLennan Companies reported $130 million for third-quarter net profit, down 23 percent from $168 million reported during the same period last year. But profit from continuing operations was up 4 percent as the...
Plastics Industry Also at Risk for Metal Theft in UK: MMA Insurance
Oct 19 2011 // The plastics industry is now a target for the growing market of metal theft, according to one UK insurer. MMA Insurance is warning that the plastics sector is now at risk as thieves are now targeting the brass tooling and...
Business Moves
Sep 19 2011 // LevelFirst LevelFirst is a new diversified wholesale broker and managing general agency based in Dallas, Texas, that serves retail agents in the Southwest and across the country. President and CEO of LevelFirst, Robin...
Terrorism 10 Years After
Sep 5 2011 // Ten years after the events of Sept. 11, 2011, terrorism remains a significant risk both globally and within the United States. The need to be vigilant against those who would harm innocent people in the name of whatever...
MMA Insurance UK Expands Commercial Auto Coverage
Aug 22 2011 // The UK’s auto (motor) insurance market is extremely competitive, and over the past few years usually unprofitable. As a result a number of insurers are reducing capacity and/or contracting their distribution for...
Marsh & McLennan Agency Acquires Prescott Pailet Benefits in Dallas
Jul 11 2011 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Prescott Pailet Benefits LP (PPB), a $6 million employee benefits broker based in Dallas, Texas. Terms of the transaction...
