Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Lord Lang to Succeed Hardis as MMC Board Chairman in May 2011
Jul 28 2010 // The Board of Directors of Marsh & McLennan Companies, Inc. (MMC) announced that Ian Lang, Lord Lang of Monkton, will succeed Stephen R. Hardis as Independent Chairman of the MMC Board of Directors when Hardis retires...
People
Jul 19 2010 // Paulette Lundy has been promoted to vice president of Human Resources for Maryland’s Injured Worker Insurance Fund (IWIF), a workers’ compensation insurer. She previously served as director of human resources...
Massachusetts Fair Plan Gets $96M Catastrophe Bond
Jul 12 2010 // The Massachusetts Property Insurance Underwriting Association (MPIUA) has received a $96 million catastrophe bond issuance that transfers hurricane risk in Massachusetts to the capital markets, a number of reinsurers...
Mercer Insurance Group Rating Upgraded to Stable From Negative
Jun 29 2010 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of Mercer Insurance Group of Pennington, N.J. The...
Towers Watson Boosts Florida Operations with Betz, Stofko
Jun 24 2010 // Strengthening its presence in the Florida property/ casualty market, global professional services company Towers Watson has appointed two industry veterans with experience in the state. Robert Betz has been named practice...
Ratings Recap: Mercer Group, CAMICO, First Jersey
Jun 23 2010 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the New Jersey-based Mercer...
Business Moves
Jun 21 2010 // Marsh & McLennan, Kroll, Altegrity Marsh & McLennan Cos. Inc. agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for less than the insurance broker paid for Kroll six...
S&P Revises Marsh Mac Outlook to Negative; Ratings Affirmed
Jun 15 2010 // Standard & Poor’s Ratings Services has revised its outlook on Marsh & McLennan Cos. (MMC) to negative from stable. S&P has also affirmed its ‘BBB-‘ long-term and ‘A-3’ short-term...
Guy Carp Appoints Flynn Global COO
Jun 14 2010 // Marsh Mac’s risk and reinsurance specialist, Guy Carpenter & Company, announced that it has named Liz Flynn as Global Chief Operating Officer. She will be based in New York and will report to Peter Zaffino, Guy...
Marsh & McLennan Sells Kroll to Providence for $1.13B
Jun 7 2010 // Marsh & McLennan Cos Inc agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for less than the insurance broker paid for Kroll six years ago. MMC said on Monday it plans to sell...
Guy Carpenter Terrorism Report: Insurance Supply Outpaces Demand
Jun 3 2010 // Guy Carpenter, Marsh’s reinsurance brokerage and risk assessment division, has published “Terrorism: Reinsurers Standing By.” It concludes that “insurers and reinsurers have become increasingly...
Florida Reinsurance Prices Decline 10-12% at Renewal: Guy Carpenter
Jun 1 2010 // Reinsurance pricing at the June 1, 2010 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis. That’s according to reinsurance intermediary Guy Carpenter & Co.,...
M&A Wrap Up: The Rollercoaster of M&A
May 14 2010 // January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter merger and acquisition (M&A) activity bested last year’s first quarter performance...
The Rollercoaster of M&A
Apr 19 2010 // Continued Soft Market, Taxes and Health Care Reform to Boost Activity in Second Half of 2010 January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter...
Report: Q1 Catastrophe Bond Market Sees Sustained Improvement
Apr 14 2010 // Catastrophe bond issuance conditions saw sustained improvement in the first quarter of 2010, reflecting the increase in prominence of the insurance linked securities (ILS) asset class. Despite the continued improvement in...
Business Moves
Apr 5 2010 // 21st Century, HomeWise 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from...
Carter to Join Guy Carpenter as Vice Chairman – International Operations
Mar 22 2010 // Guy Carpenter & Company announced that it has named Victoria Carter as Vice Chairman of Guy Carpenter International. She will be “a key member of the Guy Carpenter International Leadership team and will be...
Marsh McLennan Agency Acquires Virginia’s Rutherfoord Agency
Mar 17 2010 // In a move that accelerates its national growth, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Thomas Rutherfoord, Inc., the country’s 14th largest privately-held...
Marsh & McLennan Puts Kroll Consulting Up for Sale for $1.3 Billion
Mar 9 2010 // Marsh & McLennan Cos Inc., the No 2. global insurance broker, has put up its security consulting business Kroll up for sale for $1.3 billion and received offers from several major private equity firms in the first...
Newman, Hofmann, Werner Join Marsh & McLennan Agency Leadership
Mar 5 2010 // As it continues to build a national business, Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has appointed three executives to its senior leadership team. They are: Lisa R. Hoffmann, chief...
