Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
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...
Guy Carp Names 3 New Executive Committee Members
Jan 25 2008 // Guy Carpenter & Company has named Nick Frankland, Andrew Marcell and Ryan Ogaard to its Executive Committee. The Committee is “responsible for developing the firm’s strategic plan, setting budgets,...
Despite Woes, Big Insurance Brokers Still Make the Grade, Says Fitch
Jan 16 2008 // Taken as a group, the nation’s largest public insurance brokers did better in 2007 than 2006, although the continuing soft market will make it harder for them to improve a lot on the 2007 performance in 2008,...
Guy Carp to Open Prague Office
Jan 15 2008 // Guy Carpenter & Company, announced that it will be opening an office in Prague on March 1, 2008, to further develop business and serve clients based or conducting business in the Czech and Slovak Republics. The new...
Guy Carpenter Publishes Official 2008 Reinsurance Review
Jan 11 2008 // Guy Carpenter & Company has released its “2008 Reinsurance Market Review: Near Misses Call for Caution.” The report presents a comprehensive review of global market conditions as of the January 1, 2008...
Guy Carpenter Publishes Reinsurance Review
Jan 3 2008 // Guy Carpenter greeted the new year with the publication of “Near Misses, Plentiful Reminders: Global Reinsurance Review January 2008,” which it describes as a “briefing on the major trends driving pricing...
Top Insurance Stories in 2007
Dec 31 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market
Dec 23 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Guy Carp Publishes UK Flood Report
Dec 14 2007 // Guy Carpenter & Company, LLC has published “Wrong Type of Rain: Impact and Implications of 2007 UK Floods,” an in-depth analysis on the extensive flooding that caused severe damage in north-eastern England...
S&P Downgrades MMC’s Ratings to ‘BBB-‘ on Marsh Problems
Dec 6 2007 // Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘BBB-‘ from ‘BBB’ as well as its short-term debt rating on MMC to...
Guy Carpenter Appoints Abrantes Senior Vice President, Iberia
Dec 5 2007 // Guy Carpenter & Company announced the appointment of Carlos Abrantes as Senior Vice President of Iberian operations. He will be based in Lisbon, and will be responsible for developing the firm’s Portuguese...
AIG’s Glaser Named Marsh CEO
Dec 3 2007 // Marsh & McLennan Companies, Inc. has named Daniel S. Glaser, an AIG executive who began his career as a Marsh broker, as chairman and chief executive officer of its insurance broker, Marsh Inc. Glaser currently serves...
Ratings Recap: MMA, Shinkong, First Ins., Singapore Re, Swiss Re, W.R. Berkley (Europe)
Nov 21 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on France-based insurer MMA IARD Assurances Mutuelle (MMA IARD) to ‘A’ from...
Looking for Profits at Marsh
Nov 18 2007 // MMC’s CEO Cherkasky searches for more insurance commissions The Marsh & McLennan Companies, or MMC, has seen its once dominant position atop the brokerage world assailed by changing conditions, Eliot Spitzer,...
Guy Carp’s New Czech Flood Model
Nov 16 2007 // Guy Carpenter & Company, LLC announced that its Instrat ® unit has introduced a new, fully probabilistic flood model for the Czech Republic. “The model provides insurers with a reliable, high-quality set of...
Guy Carp Makes Europe, Asia Pacific Executive Changes
Nov 13 2007 // Guy Carpenter & Company, LLC has announced a number of key executive appointments to its European and Asia Pacific broking operations. Nick Frankland, formerly CEO of UK Operations, has been appointed to the newly...
Looking for Profits at Marsh
Nov 12 2007 // The Marsh & McLennan Companies, or MMC, has seen its once dominant position atop the brokerage world assailed by changing conditions, Eliot Spitzer, more competition and its own internal restructuring. Although MMC...
Ratings Roundup: MMC (Marsh), American Safety, Stockbridge
Nov 12 2007 // Standard & Poor’s Ratings Services has placed its ‘BBB’/’A-2’ counterparty credit rating on Marsh & McLennan Cos. (MMC) on CreditWatch with negative implications. S&P said it...
Marsh 3d Quarter Disappoints Cherkasky
Nov 8 2007 // In the third quarter for Marsh & McLennan Companies, Inc. (MMC), overall profits were up largely thanks to the sale of Putnam Investments and the consulting services performed well but the mood was dampened by...
Guy Carp Names Facultative Re Practice Leaders
Nov 7 2007 // Guy Carpenter & Company announced that Mark Newman, Hugh Powell and John Trace have been named Co-Leaders of GCFac ®, Guy Carpenter’ s dedicated global facultative reinsurance unit. Britt Newhouse, President of...
