Marsh & McLennan News

Dandridge Named Marsh & McLennan Communications Chief

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 Executive …

Guy Carpenter Launches Satellite-Based Catastrophe Evaluation Service

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 …

SAC Capital’s Reinsurer to Be Sold to Investor Group Headed by Duperreault

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 Climbs to Post-Spitzer High

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 Q2 Insurance Revenue Up 3%; Sees ‘Modest’ Price Increases

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 …

Marsh & McLennan Names Gardner Chief Diversity, Inclusion Officer

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 …

Insurance Agent Takes Stand on Gay Marriage in Supreme Court Case

Today David Kosar can be considered one of the nation’s most outspoken insurance agents on the issue of gay marriage. Kosar, owner of David Kosar Insurance Agency-American Family in Everett, Wash., has joined an amicus brief filed by 278 businesses, cities …

Marsh Names Pittsburgh-Based East and Central Zone Mining Leader

Marsh, the insurance broking division of Marsh & McLennan Cos., announced that Douglas Schwab has rejoined the firm as its new East and Central zone mining leader.In this newly-created position, Schwab will be responsible for ensuring consistent delivery of advisory …

Marsh Announces New Head of Hartford, Connecticut Office

Marsh, the insurance broking and risk management division of Marsh & McLennan Cos., appointed industry veteran Carmela Inneo as head of its Hartford, Connecticut office.In her new role, Inneo will be responsible for delivering Marsh’s advisory and transactional services to …

Marsh & McLennan Names Bischoff Chief Financial Officer

Marsh & McLennan Companies Inc. has appointed J. Michael Bischoff as chief financial officer, effective immediately. Bischoff will report directly to the company’s president and CEO, Brian Duperreault.Bischoff had been serving as interim CFO since March 2012 when then-CFO Vanessa …