Marsh & McLennan Companies News

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 …

Marsh & McLennan Companies Appoints Treasurer in New York

Marsh & McLennan Companies Inc. announced the appointment of Helen Shan as vice president and treasurer. She is based in New York. Shan’s appointment is effective April 15. In her new role, she will oversee all areas of the company’s …

IICF Northeast Division Awards Record Total of Grants

The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday, Dec. 12. The total amount of awarded grants is $960,000. David Brinkman, chair of the IICF Northeast …

Marsh Names Moylan to Lead Newly Launched Surety Practice Unit

Marsh, the insurance broking division of N.Y.-headquartered Marsh & McLennan Cos., announced last week the launch of a global surety practice unit.Marsh said its network of more than 200 surety specialists is already providing clients with consulting and brokerage services …

Guy Carpenter Names Senior VP in Maine

Guy Carpenter & Company LLC, a global risk and reinsurance intermediary division of Marsh & McLennan Companies, appointed Peter Barr as senior vice president. Barr is based in Portland, Maine. With more than 30 years of experience in the re/insurance …

Marsh Executive Stein Moves to Aon Risk Solutions in New York

Aon Risk Solutions, the global risk management business of Aon plc, appointed Robert Stein as U.S. middle market chief broking officer. He is based in New York City. In this new position, Stein will oversee implementation of Aon broking strategies …

Analysts Express Comfort in Marsh & McLennan’s Succession Plan

A number of analysts have issued favorable comments for Marsh & McLennan Companies’ CEO Brian Duperreault and his successor, Chief Operating Officer Dan Glaser, who was officially designated by the company last week to take over the CEO post when …

Marsh & McLennan’s Duperreault to Retire; COO Glaser to Become New CEO

Marsh & McLennan Companies Inc. announced that Brian Duperreault, 65, will retire as the company’s president and chief executive officer at the year’s end. Daniel S. Glaser, 52, currently the company’s group president and chief operating officer, has been named …

Marsh Promotes Flynn to Lead Insurance Services Businesses in New York

Marsh, the insurance broking and risk management division of Marsh & McLennan Cos., has promoted Liz Flynn to the newly created position of president of its Insurance Services Businesses unit.The Insurance Services Businesses unit is a new grouping of several …