People
David Daniel was named chairman of the Independent Insurance Agents & Brokers of America (Big “I”). He will lead the organization as chairman for the 2009-2010 term. Daniel is president of Daniel & Eustis Insurance in Baton Rouge, La. Prior …
Duperreault Extends Stay as Marsh & McLennan President, CEO
Brian Duperreault, president and CEO of Marsh & McLennan Cos. Inc., has extended his employment with MMC through January 2014. Duperreault has held this position since Jan. 30, 2008. Under the terms of the new agreement, Duperreault’s employment with MMC …
Marsh Acquires Bermuda Captive Management Advisory Company
Marsh Inc. announced it has completed the acquisition of International Advisory Services Ltd. (IAS), the largest independent manager of captive and third-party insurance companies in Bermuda. Terms of the transaction were not disclosed. Marsh said the acquisition strengthens its “position …
Improved Profitability Forecast for Marsh, Guy Carpenter
Marsh & McLennan Cos. Inc. , the No. 2 global insurance broker, posted quarterly results in line with expectations on Wednesday and forecast improved profitability for its brokerage business, sending its shares up 4.3 percent. The company reported a second-quarter …
Insurance Broker Marsh Revenues Fell 7% in Q2 But Profit Rose
Marsh & McLennan Companies Inc. posted a second quarter net loss of $193 million, attributable to the declining value of its security consulting business and private equity investments. Last year for the same quarter it had a $65 million profit. …
Marsh Posts Q1 Profit As Lower Costs Offset Revenue Drop
Marsh & McLennan Cos Inc., the second-largest global insurance broker, posted a first-quarter profit on Wednesday, reversing a year-earlier loss, as lower costs helped offset a decline in revenue. Chief Executive Brian Duperreault said he expects revenue in the main …
It Figures
27 The number of fires within a mile of each other in an Orangeburg County, South Carolina neighborhood that firefighters have battled in the past six months. All of the fires have been in vacant homes without power and almost …
Marsh & McLennan CEOs Took Home $33M in Compensation in 2008
Marsh & McLennan Cos. paid out more than $33 million in compensation to its two chief executives that oversaw the company in 2008, according to an Associated Press calculation of figures disclosed in a regulatory filing last Thursday. Michael G. …
Business Moves
Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …
Business Moves
Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …
