Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Aon Taps Jones from Guy Carpenter as Exec. Chairman, Asia Reinsurance Solutions
Nov 21 2018 // Aon plc has appointed Richard Jones as executive chairman of its Reinsurance Solutions business in Asia. Jones will be responsible for business development and supporting clients across the Asia region. Based in Singapore,...
JLT Re’s Chairman Howard Named Vice Chairman of Guy Carpenter
Nov 21 2018 // Guy Carpenter & Co., the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos. (MMC), announced a new leadership appointment from Jardine Lloyd Thompson Group plc...
Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?
Nov 9 2018 // Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor...
Marsh & McLennan’s $5.6B Acquisition of Broker JLT Gets Shareholder Nod
Nov 7 2018 // Marsh & McLennan Cos. Inc. announced that its £4.3 billion ($5.6 billion) acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT’s shareholders. Of those shares voted, 99.9 percent voted...
Changing World for P/C Insurance Underwriters: Guy Carpenter
Nov 5 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
Rodrigues Named CFO for Marsh & McLennan Agency’s Southwest Region
Nov 2 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has appointed Moroni Rodrigues chief financial officer for the Southwest Region. Rodrigues will oversee the finance, treasury and...
It’s a Very Different World for P/C Insurance Underwriters, Says Guy Carpenter
Oct 29 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
MMC Reports 5% Growth for Q3; Marsh Revenues Up 10%
Oct 25 2018 // Global insurance, risk and consulting firm Marsh & McLennan Companies (MMC) reported consolidated revenue in the third quarter of 2018 was $3.5 billion, an increase of 5 percent compared with the third quarter of...
Marsh McLennan Acquisition of JLT Clears Key U.S. Antitrust Hurdle
Oct 15 2018 // The Federal Trade Commission (FTC) and Justice Department have concluded their competitive review of the proposed acquisition of London-based re/insurance broker Jardine Lloyd Thompson Group (JLT) by New York-headquartered...
Get Ready for the Insurtech Revolution, Act 2
Oct 8 2018 // The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and more efficient to buy and...
Louisiana’s Eustis Insurance & Benefits Acquired by Marsh & McLennan Agency
Oct 3 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Eustis Insurance & Benefits, a Louisiana-based independent insurance agency. Terms of the acquisition were not...
Guy Carpenter Taps O’Brien from Marsh as Head of Cyber Centre of Excellence
Oct 1 2018 // Guy Carpenter & Co. announced the appointment of Siobhan O’Brien as head of the Cyber Centre of Excellence for International and Global Specialties, with effect from Oct. 1. Based in London, O’Brien will...
Business Moves
Oct 1 2018 // Marsh & McLennan, JLT Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about $5.7 billion to expand its global offering of reinsurance and consulting services. New York-based Marsh said the purchase...
Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion
Sep 19 2018 // Too much capital and not enough growth. Faced with this ailment, the insurance sector is reaching for a costly remedy — M&A. Marsh & McLennan Cos. Inc. Tuesday became the latest [insurance industry participant]*...
Marsh & McLennan Moved Quickly as Stars and People Aligned in JLT Deal
Sep 18 2018 // Marsh & McLennan Inc. (MMC) has been preparing for a major acquisition and admiring its competitor Jardine Lloyd Thompson (JLT) for years. So right after the CEOs of the two firms met on Sept. 7 and he sensed an...
Marsh & McLennan to Acquire Broker JLT
Sep 18 2018 // Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) to expand its global offering of reinsurance and consulting services, adding to the frenetic pace of deal activity...
People
Sep 17 2018 // Pryor Cashman hired insurance coverage attorney Christopher Loeber in the firm’s New York office to lead the newly-created Insurance Recovery and Counseling practice. With more than 20 years of experience, Loeber...
GC Genesis, Guy Carpenter’s Insurer-Insurtech Matchmaker, Aims to Prevent Bad Relationships
Sep 11 2018 // Insurtech is often touted as the cure that will solve the insurance industry’s inefficient and antiquated processes – from distribution, to underwriting, to claims. While many insurers want to investigate the...
Guy Carpenter Taps Sinniah from Willis Re as Head of Strategy & Client Engagement
Sep 5 2018 // Guy Carpenter & Co., a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced the appointment of Shaun Sinniah as head of Strategy and Client Engagement for the...
Marsh & McLennan Agency Hires Perlman in Virginia
Sep 4 2018 // Marsh & McLennan Agency (MMA) has hired Denise Perlman as executive vice president of Business Insurance and National Partnerships. Perlman is based in Richmond, Va., and reports to MMA President Bill Jeatran. In this...
