Latest Marsh McLennan Headlines

Ratings Recaps-Chubb Notes; Intrepid; CSI; Mercer; Longpoint Re

May 10 2007 // Standard & Poor’s Ratings Services has assigned its “A” rating to Chubb Corp.’s $800 million, 30-year senior debt drawdown from its universal shelf filing dated March 26, 2007. A.M. Best Co....

MMC 1Q: Combined Revenues Up 5%; Marsh Revenues Unchanged

May 8 2007 // Marsh & McLennan Companies, Inc. (MMC) reported consolidated revenues in the first quarter of this year were $2.8 billion, an increase of 5 percent from the first quarter of 2006, or 1 percent on an underlying basis....

Walton Named V.P. for Marsh & McLennan Public Relations

Apr 19 2007 // Marsh & McLennan Companies, Inc. (MMC) has appointed Christine Walton as vice president of public relations. Walton will report to James Speros, senior vice president and chief marketing officer of MMC. In her role,...

Marsh & McLennan CEO’s Compensation Pegged at $8.7 Million

Apr 2 2007 // Michael G. Cherkasky, president and chief executive of Marsh & McLennan Companies Inc., the nation’s largest insurance brokerage, received compensation valued at $8.7 million last year, according to a regulatory...

Dignat Joins Guy Carpenter’s New European Solutions Group

Mar 19 2007 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of Laurent Dignat, 41, to its newly created European Solutions Group. He...

Guy Carpenter Launches ‘SelectCat’ Reinsurance Pricing & Loss Index

Mar 14 2007 // Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has launched SelectCat, which it describes as “an innovative, index-based product that provides...

Mar 12 2007 // People Markel Insurance Co. named Thomas K. “Smitty” Smith as vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond branch of Riggs,...

People

Mar 12 2007 // Arthur J. Gallagher & Co. in Houston added Danny Golden as vice president for its construction niche. Golden will assist in the service of existing and new clients as well as other members of the Gallagher...

People

Mar 12 2007 // Markel Insurance Co. named Thomas K. “Smitty” Smith vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond, Va., branch of Riggs,...

Guy Carpenter, MMC Securities Release Cat Bond Survey

Mar 6 2007 // Guy Carpenter & Co., the global risk and reinsurance specialist of the Marsh & McLennan Companies, and its affiliate MMC Securities Corp. have published their fifth annual Cat Bond survey: “Catastrophe Bond...

Stock prices mixed; middle market M&As remain active

Feb 26 2007 // Stock Prices: Brokers’ stock prices were mixed as 2006 came to a close. The two largest brokers did not fare well in 2006 as Marsh & McLennan Company Inc.’s (NYSE:MMC) stock was down 1.2 percent for the...

Stock prices mixed; middle market M&As remain active

Feb 25 2007 // Stock Prices: Brokers’ stock prices were mixed as 2006 came to a close. The two largest brokers did not fare well in 2006 as Marsh & McLennan Co. Inc.’s (NYSE:MMC) stock was down 1.2 percent for the year...

Zaffino to Retire as Guy Carp Chairman

Feb 22 2007 // Guy Carpenter & Company, MarshMac’s global risk and reinsurance specialist, announced that Chairman Salvatore D. Zaffino has retired from the firm. The bulletin said he would “continue in the role of...

Guy Carpenter Appoints Hanke Senior V.P.-Treaty

Feb 15 2007 // Guy Carpenter & Co., LLC, the risk and reinsurance specialist and part of the Marsh & McLennan Companies, named Steven Hanke as senior vice president- treaty for the Eastern Region of North America. Hanke will be...

Guy Carpenter Makes Management Changes

Feb 13 2007 // Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has announced a number of changes to its executive leadership teams in North America, the United Kingdom and...

Marsh & McLennan 4Q Profit Soared

Feb 13 2007 // Global services firm Marsh & McLennan Companies, Inc. (MMC), parent company of giant insurance broker Marsh, reported that its fourth quarter 2006 consolidated net income was $226 million, an increase of more than 500...

Guy Carpenter Appoints Junnarkar CFO

Feb 8 2007 // Guy Carpenter & Company, the risk and reinsurance specialist of the Marsh & McLennan Companies, has appointed Ajay Junnarkar as Chief Financial Officer. He will lead the firm’s Finance and Corporate...

Marsh Sells Putnam to Canada’s Great-West Lifeco for $3.9 Billion

Feb 1 2007 // Marsh & McLennan Companies, Inc. (MMC) announced today that Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp., has signed a definitive agreement to purchase...

Guy Carpenter Names Zillgitt Senior VP

Jan 18 2007 // Guy Carpenter & Co. LLC, a global risk and reinsurance specialist and part of the Marsh & McLennan Companies, has appointed Garick Zillgitt senior vice president and western region business development leader....

CEO Storms Seeks Bigger Role in Risk Management for Marsh

Jan 15 2007 // Marsh Inc. already is one of the world’s largest insurance brokers, but its chairman and chief executive, Brian M. Storms, wants to increase its role in the risk management business. As Storms sees it, Marsh should...