George N. Gibbs Jr. was a man who was famous in insurance circles for his ability to tell a good story, and those who knew him say he was passionate about protecting the interests of his clients. Gibbs died on …
Alexander Forbes Group Holdings Ltd., a South African financial services company, swung to a profit in the first half after changing its capital structures in preparation for its initial public offering in July. Net income was 114 million rand ($10.4 …
Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog Investments. “We’re at an immense inflection point in history where millions …
Marsh & McLennan Companies Inc. announced that Mark McGivney will become senior vice president, Corporate Finance, reporting to Chief Financial Officer Mike Bischoff, effective October 1. McGivney will be responsible for overseeing the Corporate Development, Investor Relations, and Treasury functions. …
Edward L. Dandridge has joined Marsh & McLennan Companies Inc. as chief communications officer. In this role, Dandridge will be responsible for strategy and leadership of global corporate communications, including media, public relations, and internal communications. Dandridge will report to …
Guy Carpenter & Co., the global risk and reinsurance specialist and member of Marsh & McLennan Companies, has announced the launch of its new satellite-based catastrophe evaluation service, GC CAT-VIEWSM. It has already “started using the service to provide clients …
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …
Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the company. The broker has rallied 35 percent …
Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net profit reported during the same quarter one year ago. Net profit for the first six months of 2013 …
Global insurance, risk and management consulting firm Marsh & McLennan Companies Inc. in New York has named Nicole Gardner as chief diversity and inclusion officer. In her new role, Gardner is responsible for “driving cultural and organizational change at Marsh …
