Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
$750 MILLION WILL SETTLE MARSH LAWSUIT
Jan 24 2005 // New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Cos. Inc. to settle his bid-rigging and price-fixing charges, according to a report published...
Spitzer: $750 Million, Apology Will Settle Marsh Lawsuit
Jan 15 2005 // New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Companies Inc. to settle his bid-rigging and price-fixing charges, according to a report published...
Guy Carpenter & Co. Report Finds U.S. Reinsurance Market Flat, Slightly Down
Jan 10 2005 // Guy Carpenter & Company Inc., part of the Marsh & McLennan Companies, has released its annual report on pricing at renewals, U.S. Reinsurance Renewals at Jan. 1, 2005, which found pricing generally to be flat to...
Guy Carpenter Introduces Solvency II Capital Benchmarking Tool
Jan 7 2005 // Guy Carpenter & Company, Inc., Marsh & McLennan’s risk and reinsurance specialist, has announced the introduction of “Capital Adequacy Projector” (CAP), described as a “capital...
Marsh Names Gilbert as Chief Compliance Officer
Jan 7 2005 // Marsh & McLennan Companies Inc. has named E. Scott Gilbert to the newly created position of senior vice president and chief compliance officer of the company. Gilbert’s appointment is effective Jan. 24, 2005. He...
MMC Still on CreditWatch Negative
Jan 3 2005 // S&P announced that its “BBB” long-term counterparty credit and senior debt ratings on Marsh & McLennan Cos. will remain on CreditWatch negative. The decision follows the announcement that MMC closed...
Fitch Downgrades Senior Debt for Marsh & McLennan
Dec 21 2004 // Fitch Ratings has downgraded the senior debt rating on Marsh & McLennan Companies Inc. (MMC) to ‘BBB-‘ from ‘BBB’. Marsh’s long-term and short-term ratings remain at ‘BBB’ and...
Guy Carpenter Unveils Disclosure Doctrine
Dec 16 2004 // Guy Carpenter & Company, Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has published a “Disclosure Doctrine” for treaty placements globally. The new...
S&P Keeps MMC on CreditWatch Negative
Dec 16 2004 // Standard & Poor’s Rating Services announced that its “BBB” long-term counterparty credit and senior debt ratings on Marsh & McLennan Cos. (MMC) will remain on CreditWatch negative. The decision...
Guy Carpenter to Use Criterion Research D&O Model
Dec 7 2004 // Guy Carpenter & Company, Inc., Marsh & McLennan’s reinsurance specialist, and Criterion Research Group LLC, an independent investment research firm, announced that they have entered into a licensing...
Keeping Up with Insurance Brokerage Investigations
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and Insurers Marsh ‘Hopeful’ of Quick Settlement Marsh & McLennan has been in constant contact and cooperation with New York Attorney Eliot...
Keeping Up with Insurance Brokerage Investigations
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and Insurers Marsh ‘Hopeful’ of Quick Settlement: Marsh & McLennan (MMC) has been in constant contact and cooperation with New York...
Fla. Subpoenas Marsh & McLennan; Reviewing State Agencies’ Contracts
Dec 6 2004 // In an effort to obtain a better look at insurance contracts with state agencies and any impact on public dollars, Tom Gallagher, Florida Chief Financial Officer, has subpoenaed Marsh & McLennan to obtain documents...
Marsh ‘Hopeful’ of Quick Settlement But No Timetable Has Been Set
Nov 23 2004 // Marsh & McLennan has been in constant contact and cooperation with New York Attorney General Eliot Spitzer and 26 other states investigating its insurance brokerage practices and while the ultimate objective is to...
S&P Lowers Credit Ratings on MMC
Nov 23 2004 // Standard & Poor’s Ratings Services lowered its counterparty credit and senior debt ratings on Marsh & McLennan Cos. Inc. (MMC) to ‘BBB/A-2’ from ‘BBB+/A-2’. The ratings remain on...
MMC TO LAY OFF 3,000:
Nov 22 2004 // Marsh & McLennan Companies Inc. (MMC) revealed it would lay off about 3,000 employees to reduce annual expenses by $400 million. About three-quarters of the layoffs will occur in the insurance and risk management...
Marsh & McLennan Cuts Five Internal Executives from Board; Names Beshar as New Counsel
Nov 18 2004 // Marsh & McLennan Companies Inc. (MMC), parent to insurance broker Marsh, announced that five members of its board of directors, who are also executives of the company, have stepped down from their positions on the...
Fla. Investigation: Brown & Brown Says It Carefully Monitors Brokers
Nov 10 2004 // Brown & Brown Inc. is confident that twin investigations of the insurance industry by Florida officials will reveal no wrongdoing by the Daytona Beach-based company or its brokers, its president says. Jim Henderson,...
Marsh to Lay Off 3,000 in Cost-Cutting Move
Nov 9 2004 // Marsh & McLennan Companies Inc. (MMC) today revealed it would lay off about 3,000 employees to reduce annual expenses by $400 million. About three-quarters of the layoffs will occur in the insurance and risk...
Guy Carpenter Names Carrington to Lead U.K. Casualty Specialty Practice
Nov 3 2004 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of George Carrington as Senior Vice President in Guy Carpenter’s U.K....
