Marsh & McLennan Companies News

Marsh & McLennan Promotes Walsh in New York

Marsh & McLennan Companies Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, has appointed Keith Walsh as chief financial officer of the Company’s Risk and Insurance Services (RIS) segment, which includes …

Marsh & McLennan Agency Acquires Corporate Consulting Services in NYC

Marsh & McLennan Agency LLC, the middle market agency subsidiary of Marsh, announced Monday that it has acquired Corporate Consulting Services Ltd., a New York City-based insurance brokerage and human resource consulting firm. Terms of the transaction were not disclosed. …

Global Insurers, Brokers Establish Micro Insurance Consortium

A group of global insurance companies and brokers took advantage of the World Economic Forum meeting in Davos to announce that they have established a micro insurance consortium and micro insurance venture incubator (MVI). Among the companies taking part in …

Marsh Offers Consumer Class-Action Settlement Insurance

To assist companies seeking to settle consumer class-action lawsuits gain greater certainty over their potential payouts, insurance broker Marsh has launched a specialty insurance product that transfers a company’s known settlement exposure to the insurance market. Created by Class Action …

Marsh & McLennan Appoints Roberts as Deputy General Counsel

Marsh & McLennan Companies Inc. has hired Carey S. Roberts as deputy general counsel and corporate secretary. She will report to Peter J. Beshar, executive vice president and general counsel of Marsh & McLennan. Roberts will be responsible for overseeing …

Guy Carpenter Launches Probabilistic European Hail Model

Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies, announced the launch of its new probabilistic hail model for Europe. The bulletin said the “G-CAT® Hail Model features a …

Guy Carpenter Appoints de Haas CEO of Benelux Region

Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and member of Marsh & McLennan Companies, announced the appointment of Roelant de Haas as CEO of the Benelux region, effective as of September 1st. He succeeds Wim Raeymaekers …

Guy Carpenter Acquires Maine-Based Disability Reinsurance Risk Manager

Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, announced last week its acquisition of Smith Group, a disability reinsurance risk manager and consultant in South Portland, Maine. Guy Carpenter said …

Marsh & McLennan Offers Organized Crime Insurance in Mexico

The Mexican unit of insurer Marsh & McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by drug-related violence. Mexico’s ongoing …

Marsh & McLennan Q1 Profit Jumps 19% to $413M

Marsh & McLennan Companies Inc. reported Thursday $413 million net income attributable to the company for its 2013 first quarter, up 19 percent from $347 million in the prior year period. The consolidated revenue in the first quarter was $3.1 …