Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter
Feb 26 2015 // Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33...
Energy Workers at Loose Ends after Drop in Crude Prices
Feb 20 2015 // The drive from Ken Mercer’s home in Tennessee to the oil fields of western North Dakota takes 20 hours if you drive straight through. Every month, Mercer, an Army veteran who served in Iraq, would make the trip as...
Guy Carpenter Appoints Eagle as Head of International Analytics
Feb 19 2015 // Guy Carpenter has appointed Matthew Eagle as managing director and head of international analytics. Eagle will be joining Guy Carpenter’s London office on August 1, following the end of his notice period. In his role...
Guy Carpenter Explains ‘Collateralized Reinsurance’ Transactions
Feb 12 2015 // Guy Carpenter has provided an answer to a rarely asked question, but one which increasingly affects insurers and reinsurers: namely, what’s involved in a collateralized reinsurance transaction? Guy Carp explained...
Global Insurers, Brokers Establish Micro Insurance Consortium
Jan 23 2015 // A group of global insurance companies and brokers took advantage of the World Economic Forum meeting in Davos to announce that they have established a micro insurance consortium and micro insurance venture incubator...
Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter
Jan 7 2015 // Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy...
Casualty Catastrophes Threaten (Re)Insurers’ Balance Sheets: Guy Carpenter
Dec 10 2014 // The “casualty catastrophe” is perhaps the most daunting threat that casualty (re)insurers face today, according to GCCapitalIdeas.com, Guy Carpenter’s thought-leadership blog. Casualty (or liability...
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new...
Marsh & McLennan Acquires Nuwest Insurance Services in California
Nov 7 2014 // Marsh & McLennan Agency LLC has acquired NuWest Insurance Services Inc., an Irvine, Calif.-based property/casualty agency. NuWest generates roughly $2.4 million in revenue and specializes in providing P/C insurance...
People – East
Oct 20 2014 // Retail insurance broker EPIC (Edgewood Partners Insurance Center) has hired former Integro President and CEO Peter Garvey as chief operating officer based in New York. In this newly created position, Garvey will be...
Ex-U.S. Security Chief Ridge, Guy Carpenter, Lloyd’s Launch Cyber Policy
Oct 7 2014 // Reinsurance specialist Guy Carpenter & Co. is launching a new cyber privacy and network protection product with Ridge Insurance Solutions Co., a new Lloyd’s managing agency led by Tom Ridge, former U.S. secretary...
Marsh & McLennan Names McGivney Senior Vice President, Corporate Finance
Sep 30 2014 // 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...
Guy Carp’s Vice Chairman Explains Multiple Tasks of a Modern Reinsurance Broker
Sep 24 2014 // Following a presentation from Guy Carpenter, moderated by the CEO Alex Moczarski, we caught up with the company’s Vice Chairman David Priebe, who explained just what’s involved in operating one of the...
Marsh & McLennan Appoints Roberts as Deputy General Counsel
Sep 15 2014 // Marsh & McLennan Companies Inc. has hired Carey S. Roberts as deputy general counsel and corporate secretary. She will report to Peter J. Beshar, executive vice president and general counsel of Marsh &...
Guy Carpenter’s Bufkin Joins Hamilton USA
Sep 12 2014 // Hamilton Insurance Group today announced that Barbara C. Bufkin will be joining its U.S. operations, Hamilton USA, as executive vice president, Business Development. Reporting to Hamilton USA CEO Conan Ward, Bufkin will be...
Ko Appointed Chairman of Willis Asia
Sep 8 2014 // Willis Group Holdings plc has appointed Huichih Ko as Chairman of Willis Asia, effective September 9. He will be initially based in the Singapore HQ of Willis Asia, which employs around 890 associates in 36 offices. The...
Guy Carpenter Launches Probabilistic European Hail Model
Sep 5 2014 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies, announced the launch of its new probabilistic hail model for Europe. The bulletin...
Canada Railway Audit ‘Inadequate’ before Lac-Mégantic Disaster: Official Report
Aug 20 2014 // The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on Tuesday, as it called...
Marsh Revenue Grew 7% in Q2
Jul 29 2014 // Marsh & McLennan Companies Inc., the global insurance and professional services provider, reported revenue growth of 7 percent in the second quarter. “This was our strongest quarterly revenue performance in two...
Smith to Head Guy Carpenter’s EMEA and Int’l. P&I Business
Jul 23 2014 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and member of Marsh & McLennan Companies, announced the appointment of Simon Smith as Head of EMEA & International P&I Business,...
