Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
MMC Notes Increased Q3 and Nine Month Results
Oct 21 2003 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and nine months ended Sept. 30. Consolidated revenues for the quarter increased 11 percent to $2.8 billion. Net income rose 19 percent...
N.J.’s Borden Perlman Celebrates 7th Merger Year
Oct 14 2003 // New Jersey’s Borden Perlman agency recently celebrated the seventh anniversary of their successful merger, completed in 1996. The firm has offices in Lawrenceville and Trenton specializing in a broad range of P/C...
XL Completes Purchase of Le Mans Re
Sep 5 2003 // Bermuda’s XL Capital Ltd announced that it has completed the purchase, through a subsidiary, of the remaining 33% of Le Mans Ré held by Les Mutuelles du Mans Assurances Group (“MMA”). XL and MMA formed...
S&P Affirms ‘A-‘ Ratings on MMA, Outlook Negative
Aug 4 2003 // Standard & Poor’s Ratings Services said that it had affirmed its ‘A-‘ insurer financial strength and long-term counterparty credit ratings on France-based property-casualty insurer Les Mutuelles du...
MMC Notes Q2 Results
Jul 23 2003 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and six months ended June 30, 2003. Consolidated revenues for the quarter increased 10 percent to $2.9 billion from $2.6 billion in the...
Bentley to Head Guy Carpenter’s US Broking Ops, Western Region
Jan 24 2003 // Guy Carpenter &. Company Inc. announced that Robert Bentley has been named regional manager of Broking Operations for the US Western Region at Guy Carpenter, which includes offices in Seattle, San Francisco, and Los...
S&P Revises Outlook on France’s MMA to Negative
Oct 14 2002 // Standard & Poor’s announced that it has revised its outlook on the single-‘A’-minus financial strength and counterparty credit ratings on the French p/c insurer Les Mutuelles du Mans Assurances IARD,...
Marsh Chairman & CEO to Step Down in 2003
Oct 1 2002 // Marsh & McLennan Companies, Inc. (MMC) announced that John Sinnott, chairman and CEO of Marsh Inc., the company’s risk and insurance services business, will retire from the firm in July 2003. Ray Groves,...
New Guy Carpenter Study Finds Reinsurance Markets Worldwide Hardened in 2002; Rates Increased in All Regions for Virtual
Sep 17 2002 // Rates in 2002 for reinsurance covering the property catastrophe risks of insurance companies increased in all regions for virtually all insurance companies, according to a new report by Guy Carpenter & Co., Inc. The...
Benfield Reports It Is Not Involved in Takeover Talks with MMC
Aug 14 2002 // British insurance broker Benfield Greig Group reported Aug. 13 it was not in takeover talks, following a report that U.S. insurer Marsh & McLennan was discussing a potential bid with the firm, according to...
MMC in Talks to Acquire London-Based Benfield Group
Aug 13 2002 // Marsh & McLennan Cos. is currently in talks to purchase Benfield Greig Group PLC, a reinsurer based in London, for about $1 billion, according to a Dow Jones report. By taking on privately held Benfield, New...
Guy Carpenter Report Updates Roles in Managing Terror Risk
Jul 30 2002 // Success in managing terror risk will come only through unprecedented collatoration between the public and private sectors, and the insurance and reinsurance industries must play a leading role as the tools to assess,...
MMC Reports 18 Percent Increase in Earnings Per Share
Jul 24 2002 // Marsh & McLennan Companies, Inc. (MMC) reported consolidated revenues for the second quarter increased 3 percent to $2.6 billion from the second quarter of 2001. Net income grew 15 percent to $336 million, and...
Guy Carpenter Names Martin Markoff as European Managing Director
Jun 28 2002 // Guy Carpenter &. Company, Inc., the global risk and reinsurance division of Marsh & McLennan, announced the appointment of Martin Markoff, 44, as Managing Director for its Continental Europe operations. “In...
MMC Pleased With 1stQ Results
Apr 24 2002 // Marsh & McLennan Companies, Inc. (MMC) has reported financial results for the quarter ended March 31, 2002, with consolidated revenues of $2.6 billion unchanged from last year. Net income grew 13 percent to $418...
MMC Capital Appoints Garrett Moran Senior Advisor
Apr 9 2002 // MMC Capital, Inc., the private equity investment subsidiary of Marsh & McLennan Companies, Inc., announced that Garrett Moran has been appointed a senior advisor to the company. Moran will provide counsel on all...
Fitch Ratings Assigns ‘A+’ For Marsh & McLennan
Mar 28 2002 // Fitch Ratings has assigned various ratings to Marsh & McLennan Companies, Inc. (MMC), including a ‘A+’ senior debt rating and an ‘F1’ commercial paper rating. The Rating Outlook is Stable. The...
Marsh and McLennan Reports 4thQ 2001
Jan 31 2002 // Marsh & McLennan Cos. Inc. announced its fourth-quarter 2001 profit fell nearly 50 percent, impacted by several one-time items. Reuters reported the New York-based company owns mutual fund firm Putnam Investments,...
XL Completes Le Mans Re Deal; Buys Stake in Stanfield Capital
Jan 15 2002 // Bermuda’s XL Capital Ltd announced that it has completed the acquisition of a 67% majority shareholding in Le Mans Re from Mutuelles du Mans Assurances (MMA), and, in an unrelated transaction, has acquired a minority...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
