Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Henriques Joins Guy Carpenter Professional Liability Specialty Practice
Nov 2 2004 // Guy Carpenter & Company Inc., the global risk and reinsurance division of Marsh & McLennan, announced the appointment of Bill Henriques as senior vice president in its Professional Liability Specialty...
Fitch Drops Marsh & McLennan’s Senior Debt
Oct 28 2004 // Fitch Ratings has downgraded the senior debt and long-term ratings on Marsh & McLennan Companies Inc. (Marsh) to ‘BBB’ from ‘A-‘. The short-term ratings on Marsh remain at ‘F2’. All...
S&P Announces Reaction to Recent MMC Developments
Oct 27 2004 // Following recent developments at Marsh & McLennan, Standard & Poor’s Ratings Services has issued a bulletin, which sets forth its initial reaction to the changes (See related articles). S&P said its...
Guy Carpenter Unveils Reveal for Workers’ Comp Risks
Oct 27 2004 // Guy Carpenter & Company Inc. has announced the introduction of the Reveal model, a refined exposure rating tool that helps to identify the drivers of costly excess losses within workers’ compensation...
Greenberg Out, Cherkasky In, at Marsh; Broker Vows to Unveil ‘Significant Reforms’ Today
Oct 26 2004 // Jeff Greenberg The Marsh & McLennan board of directors announced it has accepted the resignation of chairman and chief executive officer Jeffrey W. Greenberg. Stepping in to immediately replace Greenberg is Michael G....
N.Y. Attorney General Spitzer Sues Marsh Over Contingent Commissions
Oct 25 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...
Marsh Called to N.Y. Department Hearing Nov. 23
Oct 22 2004 // New York Superintendent of Insurance Gregory V. Serio announced that his department has issued citations to Marsh & McLennan Companies, Inc. (MMC), Marsh, Inc., and Marsh Global Broking, wholly owned subsidiaries of...
Marsh Pegs Contingency Payments at Center of Probe at $1.2 Billion in Past 18 Months
Oct 21 2004 // The company at the center of a probe into insurance brokerage fees says it took in more than $1.2 billion in incentive payments over the past 18 months and that its decision to stop using such fees will reduce operating...
S&P Drops Ratings on Marsh & McLennan Cos., Aon
Oct 21 2004 // Standard & Poor’s Rating Services has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘BBB+/A-2’ from ‘A+/A-1’. The rating remains on CreditWatch with...
Fitch Downgrades Marsh & McLennan’s Senior Debt, S-T Ratings Following Probe
Oct 18 2004 // Fitch Ratings has downgraded the senior debt and long-term ratings on Marsh & McLennan Companies Inc. (MMC) to ‘A-‘ from ‘A+’ and the short-term ratings on Marsh & McLennan to...
MMC Names New Chairman, CEO at Marsh Inc.
Oct 15 2004 // Marsh & McLennan Companies Inc. (MMC) on Friday announced a change in the management of Marsh Inc., its risk and insurance services subsidiary. Michael Cherkasky has been named chairman and chief executive officer of...
New York AG Sues Marsh Over Contingent Commissions, Cites Insurers Over Alleged Bid-Rigging
Oct 14 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...
COMP WEST LAUNCHES WORKERS’ COMP OPS IN CALIF.:
Oct 11 2004 // CompWest Insurance Company announced that it has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market....
Guy Carpenter Appoints Mueller a Managing Director
Sep 30 2004 // Guy Carpenter & Company, Inc., Marsh Mac’s global risk and reinsurance specialist division, announced the appointment of Wilfried Mueller as a Managing Director, effective January 1, 2005. He will lead the...
CompWest Launches Workers’ Comp Ops in California
Sep 27 2004 // CompWest Insurance Company announced that it has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market....
Guy Carpenter Releases Study of 2004 World Catastrophe Reinsurance Market
Sep 14 2004 // Guy Carpenter & Company, Inc., MMC’s reinsurance brokerage division, announced the release of its annual, comprehensive study of the property catastrophe reinsurance market, “The World Catastrophe...
McIntosh Joins Guy Carpenter’s San Francisco Office
Sep 13 2004 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, announced the appointment of Beverly McIntosh as senior vice president in the company’s...
Review Worldwide Reinsurance Awards for RMS, Guy Carpenter, Hannover Re
Sep 10 2004 // The 2004 Worldwide Reinsurance Awards, published by The Review magazine, have been announced at the Review Worldwide Reinsurance Awards ceremony in London. California-based Risk Management Solutions, Inc. (RMS), a leading...
9/11 Impact on Marsh & McLennan Cos. Nothing Short of Devastation
Sep 10 2004 // Jeff Greenberg 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....
Guy Carpenter Unveils Enhanced Version of CASUS Catastrophe Model
Sep 7 2004 // Guy Carpenter & Co. Inc. announced the launch of an enhanced version of CASUS, the industry’s first and only model for analyzing unknown accumulations in workers’ compensation, group life, accident and...
