Nevada Insurance Commissioner Brett Barratt has rejected a proposal to impose fees on risk retention groups (RRGs) that the National Risk Retention Association said would violate the federal Liability Risk Retention Act of 1986 (LRRA). The LRRA, a federal law, …
Insurance broker Marsh’s revenue in the third quarter of 2010 rose 9 percent to $1.1 billion. Marsh’s revenue growth in the United States / Canada was 3 percent in the quarter; international operations rose 2 percent, reflecting growth of 4 …
The Board of Directors of the International Insurance Society (IIS), at their annual meeting in Madrid, announced the election of Norman R. Sorensen, President – International Asset Management and Accumulation, Principal Financial Group, as the new Chairman. He succeeds Marsh …
Marsh & McLennan Cos Inc., the No 2. global insurance broker, has put up its security consulting business Kroll up for sale for $1.3 billion and received offers from several major private equity firms in the first round of bidding, …
Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, managed a 13 percent profit increase in the fourth …
“The world’s national oil companies (NOCs) could be in a position to benefit from lower overall costs of risk over the next few years,” according to an analysis from Marsh. A reduction in the number of natural catastrophes, more capacity …
The Target Markets Program Administrators Association (TMPAA) based in Wilmington, Del., awarded two of its member agencies – Abacus Insurance Brokers Inc. and National Specialty Underwriters – the Association’s Best Practice Designation. TMPAA’s Best Practice Evaluation is one element of …
Marsh & McLennan Companies, Inc. (MMC) reported that for the third quarter of 2009, its consolidated revenue was $2.5 billion, a decline of 11 percent from the third quarter of 2008. Insurance revenue was down 5 percent. Expenses were reduced …
Brian Duperreault, president and CEO of Marsh & McLennan Cos. Inc., has extended his employment with MMC through January 2014. Duperreault has held this position since January 2008. Prior to joining MMC, Duperreault served as CEO and later chairman of …
Brian Duperreault, president and CEO of Marsh & McLennan Cos. Inc., has extended his employment with MMC through January 2014. Duperreault has held this position since January 2008. Prior to joining MMC, Duperreault served as CEO and later chairman of …
