Following the exceptionally severe and prolific catastrophes experienced globally in 2011, organizations now have an opportunity to learn lessons from these events and reduce the adverse impact of future incidents on their balance sheets. According to a paper published today …
Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the trend, according to a report from insurance broker Marsh. Despite the absence of major natural catastrophes …
Marsh, a wholly-owned subsidiary of New York-based Marsh & McLennan Companies, acquired Cosmos Services (America) Inc., the U.S. insurance brokerage subsidiary of global trading firm Itochu Corporation. Terms of the transaction were not disclosed. With offices in New York, Los …
Marsh announced the appointment of Doug Dundas as its Global Head of Marketing and Communications. He is based in New York and will report to Peter Zaffino, President & CEO of Marsh, Inc. Dundas joins Marsh from Doug Dundas Communications, …
Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies announced that it has completed its previously agreed acquisition of the brokerage business of South Africa’s Alexander Forbes. Marsh said the “transaction comprises its South African insurance broking operations, Alexander Forbes …
Marsh announced two promotions in its central business zone. It promoted Jack Butcher as its central zone leader and Dan Deighton as leader of its newly expanded east central partnership within the central zone. In his new role, Butcher is …
Standard & Poor’s Ratings Services has revised its outlook on Marsh & McLennan Cos. to stable from negative, and has affirmed its ‘BBB-‘ long-term and ‘A-3’ short-term counterparty credit ratings on the company. “The outlook revision reflects our improved view …
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Minnesota-based Gallagher & Associates Inc., a $1 million property and casualty insurance agency specializing in public school districts. Gallagher & Associates, based in Blaine, Minn., …
Marsh, the insurance broker and risk advisor and a wholly-owned subsidiary of Marsh & McLennan Companies, announced the appointment of David Batchelor as Head of its International Division, effective immediately. The division comprises all of Marsh’s operations outside North America …
Workers’ compensation rates decreased an average of 1.1 percent and a median of 1.5 percent at renewal during the third quarter, according to Marsh. The New York-headquartered brokerage firm released the data on Oct. 20. In a report titled “Benchmarking …
