Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
MARSH WON’T SELL BUSINESS UNITS:
Jul 4 2005 // Marsh & McLennan Companies will not sell any of its various businesses, the company announced after completing a strategic review of its options. Michael G. Cherkasky, president and chief executive officer of Marsh...
Marsh Names Sinnott Vice Chairman
Jun 30 2005 // Marsh & McLennan Companies Inc. (MMC) announced that John Sinnott has been named a vice chairman of MMC, Office of the CEO, effective July 1, 2005. He joins MMC International chairman Mathis Cabiallavetta as a vice...
Marsh Decides to Keep Businesses
Jun 13 2005 // Marsh & McLennan Companies will not sell any of its various businesses, the company announced after completing a strategic review of its options. Michael G. Cherkasky, president and chief executive officer of Marsh...
Marsh Exploring Options for Wholesalers Crump and Price Forbes
May 26 2005 // Marsh Inc., a leading risk and insurance services firm, announced that it has retained Banc of America Securities LLC to act as its financial advisor to explore strategic alternatives for its wholesale broking operations,...
Marsh & McLennan to Reprice Some Employees’ Stock Options Hurt by Probes
May 23 2005 // Shareholders of Marsh & McLennan Companies Inc. last week approved a plan to replace some of the stock options for employees hurt by the sharp fall in the company’s stock. Marsh & McLennan, the...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
Best: Mercer Group Ratings Remain Unchanged Following FPIG Purchase
May 6 2005 // A.M. Best Co. reported that the financial strength rating of A (Excellent) and the stable rating outlook on the subsidiaries of New Jersey-based Mercer Insurance Group Inc. (MIGP) remain unchanged following the...
Guy Carpenter Will Disclose Compensation for Facultative Placements Worldwide
May 5 2005 // Guy Carpenter & Company Inc. announced that its policy regarding disclosure of compensation to clients has been extended to include facultative placements worldwide. Previously, Guy Carpenter announced its commitment...
Guy Carpenter Publishes Specialty Program Survey
May 3 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has announced the results of its premier survey of domestic insurance companies that write a...
MMC Unveils Q1 Numbers; Cherkasky: Steps Taken to Make Us Stronger
May 3 2005 // Marsh & McLennan Companies Inc. (MMC) on Tuesday reported financial results for the quarter ended March 31, 2005. Consolidated revenues totaled $3.2 billion, and net income was $134 million, or $.25 per share. These...
N.J.’s Mercer to Purchase Calif.’s Financial Pacific
May 2 2005 // Mercer Insurance Group Inc. and Financial Pacific Insurance Group Inc. jointly announced that they have signed a plan of merger for Mercer to acquire all the outstanding stock of Financial Pacific for approximately $40.4...
Downgrade of Calif. Auto Company Results from Reinsurance Broker Error
Apr 1 2005 // Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade. The company has filed a lawsuit...
Guy Carpenter, MMC Securities Cat Bond Market Update Sees Increased Growth
Apr 1 2005 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, and its affiliate MMC Securities Corp. announced the release of their joint study of the...
S&P Takes MMC off CreditWatch; Affirms ‘BBB’ Rating, Negative Outlook
Mar 25 2005 // Standard & Poor’s Rating Services announced that it has affirmed its “BBB” counterparty credit and senior unsecured debt ratings and ‘A-2’ commercial paper ratings on Marsh &...
MarshMac Emerges from Difficult Year with Downsizing and Disclosure Plan
Mar 21 2005 // Marsh Will Drop ‘Unprofitable’ Accounts But MMC Will Keep Putnam and Mercer Units Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of...
Labor Department Subpoenas Marsh & McLennan Over Benefit Services; Sale of MMC Capital Progresses
Mar 10 2005 // In its annual report filed with the Securities and Exchange Commission, Marsh & McLennan reported that the U.S. Department of Labor last month served the firm with a subpoena seeking documents related to the...
MMC Downsizing Plan Includes Dropping ‘Unprofitable’ Marsh Accounts But Not Selling Putnam or Mercer
Mar 2 2005 // Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of unprofitable U.S. middle and small market accounts as it implements its new business model...
Marsh & McLennan Faces Off with Insurance Journal Readers
Feb 21 2005 // The street has become a superhighway, far removed from the clubby atmosphere of Los Angeles’ Wilshire Blvd. or New York’s Pine Street. Anybody can now comment on the latest industry happenings over the...
People & Places
Feb 21 2005 // Jeannie Davila Encino, Calif.-based NAS Insurance Services has appointed Jeannie Davila as assistant vice president in charge of its new E&S Property Insurance facility. Davila brings 30 years of insurance experience...
