“Insurer concern over the political unrest and country credit ratings in Ukraine and potential sanctions in Russia have caused some to effectively stop underwriting political risk insurance in those two countries,” according to today’s briefing from Marsh. However, Marsh also …
Marsh & McLennan Cos. reported $303 million in net income for its 2013 fourth quarter, up 17 percent from $259 million posted during the prior-year fourth quarter. The full year 2013 net income was $1.4 billion, up nearly 17 percent …
In response to the increasingly constricted habitational insurance market, Marsh has created a new property insurance facility designed specifically for those who own or are investors in multifamily properties. Marsh’s PRIME Habitational Property Insurance Facility was developed in collaboration with …
Marsh has named Robert Bentley as president of its U.S. and Canada Division. Bentley will be responsible for the oversight of the division, which comprises Marsh’s U.S. core brokerage, Canada, and insurance services businesses. Bentley rejoined Marsh & McLennan Companies …
Marsh & McLennan Cos. promoted Scott McDonald to be the new head of its Oliver Wyman Group subsidiary. McDonald, who has been serving as president of Oliver Wyman, a management consulting firm within the Oliver Wyman Group subsidiary, will become …
Insurance broker Marsh has appointed Donald Bailey as its new head of sales for U.S. and Canada. In this newly created position, Bailey will be responsible for executing the firm’s overall strategy and increasing the effectiveness of Marsh’s sales team. …
Insurance broker Marsh has appointed Scott Wallace to lead its Columbus, Ohio, office. Wallace brings nearly 15 years of insurance-related experience to his new role, most recently serving as Marsh’s southeast partnership sales leader in Atlanta. Since joining Marsh in …
In an age of social media, simply looking at what has happened in the past no longer works to forecast what political events lie ahead in emerging markets, insurance and risk management firm Marsh advises. The speed at which political …
David Rix will rejoin Marsh as head of its Portland, Ore. office. The move is effective on Oct. 7. Rix will be responsible for the overall growth and profitability of the office. Rix rejoins Marsh from Willis, where he spent …
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 …
