Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
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...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
Marsh Insurance Profit Up; Settlements Hit MMC Results
Feb 10 2010 // Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, managed a 13 percent profit...
Business Moves
Jan 10 2010 // United Insurance, Mexico Agency Falmouth, Maine-based insurance agency United Insurance has acquired The Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in...
Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds
Jan 10 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds
Jan 5 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC. Guy Carpenter’s World Catastrophe Rate on Line...
