Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Marsh Sees Growth in 2009 Boosted by Acquisitions
Feb 12 2009 // Marsh & McLennan Cos Inc , the No. 2 global insurance broker, reported better-than-expected fourth-quarter earnings, helped by lower costs, and forecast higher profits in 2009, sending its shares up 16 percent. The...
Marsh & McLennan Profits Up for 2008; Down 9% in Q4
Feb 11 2009 // Marsh & McLennan Companies Inc. reported profits were up 4 percent for the full year 2008, but fourth quarter revenue was down some 9 percent over the previous year’s quarter. In the fourth quarter 2008,...
Report Finds Cat Bond Market Resilient in Financial, Property Catastrophes
Feb 4 2009 // Catastrophe bonds withstood the impact of onerous market forces in 2008, brought on by turmoil in the global capital markets, according to a new briefing on catastrophe bond market activity. The cat bond market update,...
Mercer Offers ‘Carbon Footprint’ Analysis of Client Portfolios
Nov 11 2008 // Mercer, MMC’s consulting services division, has announced that it “can now provide clients with a ‘carbon footprint’ analysis of their portfolio/s, and compare it to a chosen benchmark, such as the...
Marsh Reports Q3 Loss
Nov 5 2008 // Marsh & McLennan reported an $8 million loss in the third quarter. For the third quarter last year, when it sold Putnam Investments, MMC reported net income of $1.9 billion. The company said it is pleased with the...
Marsh Forms Agency to Serve Small U.S. Businesses
Oct 24 2008 // Large insurance broker Marsh has formed Marsh & McLennan Agency LLC, a new business dedicated to serving the insurance needs of small and emerging growth U.S. companies. The agency will conduct its business separately...
People
Sep 22 2008 // The Chubb Corp has named Richard G. Spiro executive vice president and chief financial officer, effective Oct. 1. Spiro, 44, succeeds the retiring Michael O’Reilly, who will remain at company until the end of 2008 to...
Rendezvous Roundup: Guy Carpenter; Aon Global Re; Munich Re
Sep 8 2008 // The Annual Reinsurance Rendezvous in Monte Carlo convened this weekend amid concerns over the ongoing credit crisis, the softening of the market and the onslaught of storms in the Caribbean. The current climate for the...
Marsh & McLennan Appoints Ashford
Sep 5 2008 // Marsh & McLennan Companies Inc. appointed Orlando D. Ashford as senior vice president of human resources. Ashford, whose appointment is effective Sept. 22, will work closely with key executives of MMC’s...
Marsh’s Aviation Reinsurance Team to Join Guy Carpenter
Jun 24 2008 // Marsh has announced that its aviation reinsurance team will join Guy Carpenter, also an MMC company, which specializes in all aspects of reinsurance, by the end of 2008. When the process is completed, 29 Marsh colleagues...
Grand Jury in West Virginia Indicts Mercer County Man on Insurance Fraud
Jun 19 2008 // A West Virginia court indicted a Welch, W.Va. man on two felony counts of filing a false claim with an insurance company, according to Insurance Commissioner Jane L. Cline. A Mercer County Grand Jury indicted Aaron D....
Good Time to Lock in Property Insurance Pricing, Advise Brokers
Jun 16 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...
Ratings: Mercer, Hallmark, Auto Club, Southern States, Meadowbrook, Iron Horse, Courtesy, Alabama Muni, Am. Millers
Jun 6 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Mercer Insurance Group of Pennington, NJ. The ratings apply to the following...
Good Time to Lock in Property Insurance Pricing, Advise Brokers
May 30 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...
Survey: Program Market to Remain Vibrant in 2008
May 21 2008 // The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and rate profitability, according to a new industry survey...
Marsh Sees First Quarter Bump in Revenue, New Business
May 7 2008 // Marsh reported financial results for the first quarter ended March 31, 2008 that showed insurance revenues up 7 percent and new insurance business up 10 percent. But overall Marsh & McLennan Companies, Inc. (MMC)...
People
Apr 21 2008 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also...
People
Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...
Leadership Switches at Guy Carpenter
Feb 28 2008 // Guy Carpenter & Co., the reinsurance services subsidiary of Marsh & McLennan Cos. Inc., has named a new chief executive officer and a new chairman, the company said. Peter Zaffino will assume the CEO role –...
People
Feb 24 2008 // San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and...
