Marsh McLennan News

Marsh McLennan Commits to Net-Zero Across Operations by 2050

Marsh McLennan announced its commitment to set and execute low-carbon transition strategies that chart a path to net-zero across its operations by 2050 and reduce its emissions by 50 percent by 2030. The company will also set an emission reduction …

London Insurance Brokers Probed for Bribery and Corruption by UK Serious Fraud Office

A handful of London insurance firms are being investigated for bribery and corruption by the UK’s Serious Fraud Office, according to people familiar with the probe. The fraud cops are examining the way firms, including Marsh & McLennan Cos.’ Jardine …

Insurers, Brokers Among Those Named World’s Most Ethical Companies

Two property and casualty insurers and two brokers were included within a list compiled by Ethisphere of the most ethical companies in the world. The 16th annual report from Ethisphere, a company that defines and measures corporate ethical standards and …

Update: Marsh McLennan to Exit Businesses in Russia; Aon Suspends Operations

Marsh McLennan, the world’s largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while its rival Aon suspended operations in the country. “We intend to transfer ownership of our Russian businesses to local management …

Update: Marsh McLennan Q4 Net Income Jumps 100%; 6,000 Employees Added in 2021; Cyber Still Growing

Fourth quarter 2021 net income at Marsh McLennan more than doubled compared to the same period in 2020, to $803 million. Full year net income increased about 56% to $3.1 billion from $2 billion for all of 2020. Net income …

People Moves: Lezaj to Lead Zurich Complex Casualty; MMC Names Bouchard as Climate Director

Lezaj to Lead New Zurich Middle Market Complex Casualty Unit Zurich North America has created a Complex Casualty unit to support its customers in the upper middle-market segment. Steve Lezaj, a veteran insurance executive, has been appointed to lead this …

Marsh McLennan Acquires Texas-Based Insource

Marsh McLennan Agency, a subsidiary of Marsh, has acquired InSource Insurance Group LLC, an independent agency in Texas. Terms of the acquisition were not disclosed. InSource Insurance Group was formed in 1986 to provide business insurance, employee health and benefits, …

People Moves: Changes at the Top at Marsh McLennan, Marsh and Guy Carpenter

Doyle: MMC Group President, COO; South: President, CEO, Marsh; Klisura: President, CEO, Guy Carpenter; Donnelly: President, Marsh US and Canada. Marsh McLennan announced changes to its executive committee effective January 1, 2022. The company has promoted John Doyle to group …

Marsh McLennan Acquires Texas-Based Southwest Truck Insurance Agency

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Southwest Truck Insurance Agency, Inc., an independent agency in Irving, Texas. Terms of the acquisition were not disclosed. Founded in 1986, Southwest Truck Insurance specializes in business insurance solutions for …

Marsh McLennan Launches Cyber Risk Analytics Center

Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data, analytics and mitigation expertise of its four businesses and other business, government and academic partners. The cross-enterprise center’s participants— Marsh, …