Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Grand Jury in West Virginia Indicts Mercer County Man on Insurance Fraud
Jun 19 2008 // A West Virginia court indicted a Welch, W.Va. man on two felony counts of filing a false claim with an insurance company, according to Insurance Commissioner Jane L. Cline. A Mercer County Grand Jury indicted Aaron D....
Good Time to Lock in Property Insurance Pricing, Advise Brokers
Jun 16 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...
Ratings: Mercer, Hallmark, Auto Club, Southern States, Meadowbrook, Iron Horse, Courtesy, Alabama Muni, Am. Millers
Jun 6 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Mercer Insurance Group of Pennington, NJ. The ratings apply to the following...
Good Time to Lock in Property Insurance Pricing, Advise Brokers
May 30 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...
Survey: Program Market to Remain Vibrant in 2008
May 21 2008 // The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and rate profitability, according to a new industry survey...
Marsh Sees First Quarter Bump in Revenue, New Business
May 7 2008 // Marsh reported financial results for the first quarter ended March 31, 2008 that showed insurance revenues up 7 percent and new insurance business up 10 percent. But overall Marsh & McLennan Companies, Inc. (MMC)...
People
Apr 21 2008 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also...
People
Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...
Leadership Switches at Guy Carpenter
Feb 28 2008 // Guy Carpenter & Co., the reinsurance services subsidiary of Marsh & McLennan Cos. Inc., has named a new chief executive officer and a new chairman, the company said. Peter Zaffino will assume the CEO role –...
People
Feb 24 2008 // San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and...
Quarterly Profit Down 62% at Marsh; 2007 Revenues Up 8%
Feb 24 2008 // Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent. The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents...
Ex-Marsh & McLennan CEO Cherkasky to Get $7.15M Severance
Feb 22 2008 // Marsh & McLennan Cos. Inc. will pay Michael Cherkasky, the executive they brought in to broker a costly legal settlement in 2005, $7.15 million as part of a severance package reached after he was forced out earlier...
Marsh Moves to Declassify Board of Directors
Feb 14 2008 // Marsh & McLennan Companies, Inc. (MMC) today announced that its board of directors has decided to eliminate its current three-class structure, subject to shareholder approval. As a result of the board’s...
Quarterly Profit Down 62% at Marsh
Feb 12 2008 // Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent. The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents...
People
Feb 10 2008 // Susan Doyle has been named president and COO of Wisconsin-based Wausau Insurance, part of the commercial markets business unit of the Boston-based Liberty Mutual Group. Doyle replaces Mark Fiebrink, who retired. Doyle...
People
Feb 10 2008 // Former Ace Ltd. CEO and Chairman Brian Duperreault has stepped down from the Bermuda-based insurer to assume to role of president and CEO of Marsh & McLennan Companies Inc. Duperreault replaces Michael Cherkasky, who...
People
Feb 10 2008 // Louisiana Workers’ Compensation Corporation hired Michael Page as director of safety and loss prevention. Page previously was director of loss prevention services for Workforce Safety and Insurance in North Dakota...
ACE Says Goodbye to Duperreault
Jan 31 2008 // ACE Limited announced that Brian Duperreault, the Company’s former chairman and CEO, has stepped down from the ACE Limited Board of Directors as a result of his appointment as CEO of Marsh & McLennan Companies...
ACE’s Duperreault Named CEO of Marsh & McLennan
Jan 30 2008 // Marsh & McLennan Companies, Inc. (MMC) has appointed Brian Duperreault, who helped grow Bermuda-based ACE Limited, as president and chief executive officer of MMC, effective immediately. He replaces Michael Cherkasky,...
Despite Woes, Biggest Insurance Brokers Still Make the Grade
Jan 27 2008 // Fitch reports leaner and more transparent brokers are better equipped to deal with changing market conditions Taken as a group, the nation’s largest public insurance brokers did better in 2007 than 2006, although the...
