Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Marsh & McLennan Agency Enters Canadian Market with Purchase of Vézina
Jul 8 2015 // Marsh & McLennan Agency LLC*, a subsidiary of Marsh, has acquired Vézina, a Montreal, Quebec-based independent insurance brokerage firm. The acquisition includes the property/casualty brokerage division Vézina...
Marsh & Mclennan Agency Acquires J.W. Terrill in Missouri
Jul 2 2015 // Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, has acquired St. Louis, Mo.-based J.W. Terrill, one of the largest independent agencies in the Midwest. Terms of the transaction were not disclosed. This...
Guy Carpenter Confirms Slowing of Pricing Declines in June Renewals
Jul 1 2015 // Guy Carpenter & Company, LLC, has reported that “after two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June...
Insurers Stepping Toward Greater Green Investment Footprint
Jun 18 2015 // This is the second of a two-part column on green bonds.The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green...
Stephen Catlin Addresses MMC Young Professionals Global Forum 2015
Jun 12 2015 // In his address to the MMC Young Professionals Global Forum 2015 Stephen Catlin, Executive deputy chairman of XL Group, urged young insurance professionals to demonstrate “courage, determination and conviction”...
Guy Carpenter Names Summers as Head of International Facultative Re
Jun 11 2015 // Guy Carpenter & Company announced that Paul Summers will be joining the company as managing director and head of International Facultative Reinsurance, following completion of his current contractual notice period. He...
Price Declines Slow on June U.S. Reinsurance Renewals: Guy Carpenter
Jun 5 2015 // After two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals. Reinsurance broker Guy Carpenter & Co. reported that...
Investors Must Factor Climate Change in Their Portfolio Risk: Mercer Study
Jun 5 2015 // Most investors need to make a significant behavioral shift and start factoring climate change into their portfolio risk management, a study on its impact on financial market returns found. Government officials are meeting...
Marsh Acquires Texas-Based MHBT
Jun 1 2015 // Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Dallas, Texas-based MHBT Inc., one of the nation’s largest independent insurance brokers. Terms of the transaction were not...
People – South Central
Jun 1 2015 // Texas-based Higginbotham hired Sean Bell as an associate of commercial property/casualty insurance for its practice in Austin. Bell has experience in brokerage with an independent agency and in claims with an insurance...
People – East
Jun 1 2015 // Benjamin M. Lawsky announced his plan to leave the New York State Department of Financial Services (NYDFS) in late June after four years serving as the newly created agency’s first superintendent. Lawsky was...
Marcell Exits Guy Carpenter; Newhouse Named Interim CEO of U.S. Operations
May 26 2015 // Reinsurance specialist Guy Carpenter & Co. has appointed of Britt Newhouse, chairman, to the additional role of interim CEO of U.S. Operations. This appointment is effective immediately. At the same time, the firm...
MMC’s Zaffino Adds Chairman Title; Willis Re’s Hearn to Join Guy Carpenter as CEO
May 7 2015 // Marsh & McLennan Companies Inc. announced that Peter Zaffino, president and CEO of Marsh, has been appointed chairman of the company’s Risk & Insurance Services segment, which includes Marsh and Guy...
Guy Carpenter Unveils New Digital Strategy and Electronic Platform
Apr 27 2015 // Guy Carpenter & Company announced a new digital strategy, unveiling an innovative platform – GC Exchange℠ and its suite of electronic solutions, including GC MarketPlace℠ and GCReBID℠. Underlying the strategy...
Guy Carpenter Launches Public Sector Specialty Practice
Apr 20 2015 // Guy Carpenter has announced the launch of its Public Sector Specialty Practice, utilizing a global team focused exclusively on the unique risk management needs of governmental agencies and entities. “Approximately 73...
People – East
Apr 20 2015 // American International Group Inc.named Gaurav D. Garg as chief executive officer, Personal Insurance. The appointment marks the return of Garg to AIG, where he held various personal insurance roles for 12 years before...
Guy Carpenter Launches G-CAT® Canada Flood Model
Apr 16 2015 // Guy Carpenter launched its G-CAT® Canada Flood Model, which it describes as the first ever probabilistic flood model for Canada that enables insurers to assess their exposure to flood, Canada’s most frequently...
Mercer’s Garg Returns to AIG as CEO of Personal Insurance
Apr 1 2015 // American International Group Inc. has named Gaurav D. Garg as chief executive officer, Personal Insurance. The appointment marks the return of Garg to AIG, where he held various personal insurance roles for 12 years before...
Guy Carpenter Report Reveals Greatest Tsunami Risk Lies in Taiwan
Mar 23 2015 // Guy Carpenter’s new scenario risk report for the Asia-Pacific region predicts the greatest tsunami risk in the area lies in Taiwan. The report, titled “Tsunami Risk from Magnitude 9.4 Earthquake in Manila...
M&A Calendar: P/C Agent, Broker Mergers & Acquisition Headlines in 2014
Mar 23 2015 // Insurance Journal reported on more than 200 deals involving agencies’ or brokerages’ mergers and acquisitions in 2014. Activity was busiest in the first and fourth quarters, with more than 60 announcements...
