Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Louisiana’s Eustis Insurance & Benefits Acquired by Marsh & McLennan Agency
Oct 3 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Eustis Insurance & Benefits, a Louisiana-based independent insurance agency. Terms of the acquisition were not...
Guy Carpenter Taps O’Brien from Marsh as Head of Cyber Centre of Excellence
Oct 1 2018 // Guy Carpenter & Co. announced the appointment of Siobhan O’Brien as head of the Cyber Centre of Excellence for International and Global Specialties, with effect from Oct. 1. Based in London, O’Brien will...
Business Moves
Oct 1 2018 // Marsh & McLennan, JLT Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about $5.7 billion to expand its global offering of reinsurance and consulting services. New York-based Marsh said the purchase...
Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion
Sep 19 2018 // Too much capital and not enough growth. Faced with this ailment, the insurance sector is reaching for a costly remedy — M&A. Marsh & McLennan Cos. Inc. Tuesday became the latest [insurance industry participant]*...
Marsh & McLennan Moved Quickly as Stars and People Aligned in JLT Deal
Sep 18 2018 // Marsh & McLennan Inc. (MMC) has been preparing for a major acquisition and admiring its competitor Jardine Lloyd Thompson (JLT) for years. So right after the CEOs of the two firms met on Sept. 7 and he sensed an...
Marsh & McLennan to Acquire Broker JLT
Sep 18 2018 // Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) to expand its global offering of reinsurance and consulting services, adding to the frenetic pace of deal activity...
People
Sep 17 2018 // Pryor Cashman hired insurance coverage attorney Christopher Loeber in the firm’s New York office to lead the newly-created Insurance Recovery and Counseling practice. With more than 20 years of experience, Loeber...
GC Genesis, Guy Carpenter’s Insurer-Insurtech Matchmaker, Aims to Prevent Bad Relationships
Sep 11 2018 // Insurtech is often touted as the cure that will solve the insurance industry’s inefficient and antiquated processes – from distribution, to underwriting, to claims. While many insurers want to investigate the...
Guy Carpenter Taps Sinniah from Willis Re as Head of Strategy & Client Engagement
Sep 5 2018 // Guy Carpenter & Co., a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced the appointment of Shaun Sinniah as head of Strategy and Client Engagement for the...
Marsh & McLennan Agency Hires Perlman in Virginia
Sep 4 2018 // Marsh & McLennan Agency (MMA) has hired Denise Perlman as executive vice president of Business Insurance and National Partnerships. Perlman is based in Richmond, Va., and reports to MMA President Bill Jeatran. In this...
Guy Carpenter Partners with RPC Consulting to Offer Re/Insurance Analytic Platform
Aug 22 2018 // Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., announced a multi-year, global strategic partnership with Reynolds Porter Chamberlain Consulting...
Guy Carpenter Licenses the CoreLogic U.S. Inland Flood Model
Aug 20 2018 // This post is part of a series sponsored by CoreLogic. 2017 was a game-changing year for the insurance industry. Between the catastrophic deluge of water dumped in Texas from Hurricane Harvey and the unprecedented...
Business Moves
Aug 6 2018 // BNC Insurance Agency, Murray, Schoen & Homer BNC Insurance Agency Inc., an independently owned retail brokerage firm with headquarters in Rye Brook, N.Y., has acquired Murray, Schoen & Homer Inc., also located in...
FEMA Grows Its Flood Reinsurance Plan with $500 Million Cat Bond
Aug 1 2018 // The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets investors. FEMA has entered...
Marsh & McLennan Reports Q2 Revenues Up
Jul 26 2018 // Marsh & McLennan Companies reported consolidated revenue was $3.7 billion, an increase of 7 percent over the second quarter of 2017. Operating income was $691 million for the quarter. In the Risk & Insurance...
JLT Re Hires Guy Carpenter’s MacColl to Head Credit, Surety for North America
Jul 16 2018 // JLT Re (North America) has appointed Scott MacColl as head of Credit and Surety for North America. In addition to his role in North America, he will be working with global teams to help build out this specialized practice...
AXA Liabilities Managers Acquires Gothaer Re Run-Off Portfolio
Jul 9 2018 // Specialist run-off acquirer and manager AXA Liabilities Managers (AXA LM) has acquired the legacy assumed portfolio of Cologne-based Gothaer Finanzholding A.G., which is been in run-off since it ceased trading in 2004. The...
Marsh & McLennan Agency Acquires Minnesota’s Klein Agency
Jul 6 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency Inc., a St. Paul, Minnesota-based surety and property/casualty agency specializing in the construction...
Marsh & McLennan Agency Acquires Maryland’s Insurance Associates
Jul 3 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Insurance Associates, a Rockville, Md.-based independent insurance agency specializing in the construction industry. Terms...
People
Jun 18 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has appointed Gary Ivey as Southeast regional CEO. In this role, Ivey will oversee MMA offices in Georgia, Alabama, Tennessee, Kentucky...
