Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
9/11 Impact on Marsh Nothing Short of Devastation
Sep 6 2004 // Marsh & McLennan Companies Chairman and CEO Jeff Greenberg remembers all too well those images of Sept. 11, 2001. Greenberg knew something had gone terribly wrong in New York City that Tuesday morning. He recently...
MMC Lowered
Aug 9 2004 // S&P lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to “A+” from “AA-” and removed it from CreditWatch. The outlook is stable. In another move, S&P also assigned...
MMC Releases 2Q Results; Net Income Up 7%
Jul 29 2004 // Marsh & McLennan Companies Inc. (MMC) reported its second quarter consolidated revenues increased 6 percent to $3.0 billion. Net income rose 7 percent to $389 million, and earnings per share increased 11 percent to...
S&P Lowers MarshMac’s Ratings to ‘A+’ from ‘AA-‘
Jul 8 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘A+’ from ‘AA-‘ and removed it from CreditWatch. The...
Guy Carpenter Publishes Review of Lloyd’s Market
Jun 22 2004 // Guy Carpenter & Company Ltd., Marsh & McLennan’s global risk and reinsurance specialist, announced that it has released its annual, comprehensive review of the Lloyd’s Market – The Lloyd’s...
Guy Carpenter, EQECAT Announce Probabilistic German Flood Risk Model
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...
Reinsurance Brokers Bring ‘More Value Than Ever,’ Guy Carpenter CEO Tells Conn. CPCU
May 25 2004 // The role of reinsurance brokers has evolved well beyond the basic placement and relationship responsibilities of 25 years ago and will continue to evolve into new areas, according to the chief executive officer of Guy...
Fallout from MMC’s Kroll Acquisition
May 20 2004 // Major acquisition announcements inevitably trigger a lot of fallout – very like the effect of throwing a large rock into a still pond. The ripples spread out over the pond’s surface. MMC’s announcement...
MMC to Buy Kroll for $1.9 Billion
May 19 2004 // Marsh & McLennan Companies, Inc. (MMC) and Kroll Inc. have announced that MMC will acquire Kroll, the world’s leading risk mitigation services firm, in a move that will “broaden significantly the range of...
Cat Bond Market Grew 42% Reports Guy Carpenter
Apr 27 2004 // According to findings from a new joint study by Guy Carpenter & Company, Inc. and MMC Securities Corp., the catastrophe bond market experienced substantial growth in 2003, as cat bonds remained an important complement...
Putnam Settlement Weighs on MMC’s Q1 Results
Apr 22 2004 // Marsh & McLennan Companies, Inc. reported financial results for the quarter ended March 31, 2004. Consolidated revenues increased 13 percent to $3.2 billion from $2.9 billion in the first quarter of 2003. Net income...
Fitch Affirms Marsh & McLennan’s Ratings; Takes Off from Rating Watch
Apr 14 2004 // Fitch Ratings has affirmed the ‘A+’ senior debt rating and ‘F1’ short-term rating of Marsh & McLennan Companies Inc. (MMC). The senior debt rating has been removed from Rating Watch Negative...
Carter Added as Nominee for Marsh & McLennan Board
Mar 22 2004 // Marsh & McLennan Companies Inc. approved the addition of Zachary W. Carter to the slate of nominees for the board of directors of MMC. MMC shareholders will be asked to elect Carter to the board at the company’s...
Guy Carpenter Unveils Model for Analyzing U.S. Publicly Traded D&O Liability Risks
Feb 12 2004 // In response to insurance companies’ reported need for more effective tools to manage their Directors & Officers Liability Insurance (D&O) portfolios for U.S. publicly traded companies, Guy Carpenter &...
Marsh & McLennan Cos. Notes Strong Q4 and Year-End Numbers
Jan 28 2004 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and year ended Dec. 31, 2003. Consolidated revenues in the fourth quarter increased 15 percent to $3 billion. Net income grew 21...
Guy Carpenter Voted Best Reinsurance Broker
Jan 14 2004 // In a recent study of the reinsurance marketplace by Flaspohler Research Group, U.S. ceding companies, which include the world’s largest property and casualty companies, have ranked Guy Carpenter & Company, Inc....
Guy Carpenter Appoints David Lightfoot Manager of Instrat Non-Americas
Dec 30 2003 // Guy Carpenter & Company, Inc., a leading global risk and reinsurance specialist, announced the appointment of David Lightfoot as Managing Director of Instrat Non-Americas. “In this newly created position, Mr....
Best Affirms FSR of Mercer Insurance Group
Dec 17 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the Mercer Insurance Group (Pennington, N.J.). The rating outlook is stable. The rating reflects the group’s strong capitalization, solid...
Guy Carpenter Unveils New Model for Studying Insurers’ Quota Share, Surplus/Trust Preferred Note Options
Nov 20 2003 // Guy Carpenter & Company, Inc. announced the development of a proprietary analytical tool in response to insurance companies’ growing use of quota shares and surplus/trust preferred notes to manage their capital...
Marsh & McLennan Cos. Outlook Revised to Negative; Ratings Affirmed
Nov 5 2003 // Standard & Poor’s Rating Services reported that it revised its outlook on Marsh & McLennan Cos. (MMC) to negative from stable and affirmed its ‘AA-/A-1+’ counterparty credit rating on the...
