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The Case for Risk Management and Insurance Education If you’re like most insurance firms, your workforce is aging. Or, as a friend of mine recently put it, “There’s a lot of gray hair in the room.” Not that there’s anything …
The Case for Risk Management and Insurance Education
If you’re like most insurance firms, your workforce is aging. Or, as a friend of mine recently put it, “There’s a lot of gray hair in the room.” Not that there’s anything wrong with that, mind you, but the reality …
Walter Bell Appointed to Bermuda Monetary Authority’s Board
The Bermuda Monetary Authority (BMA) announced that it has appointed Walter A. Bell to a position on its Board of Directors, as its first international member. The BMA regulates financial services for Bermuda-based companies, including the all-important insurance sector. Bell, …
Chief Financial Officer Bartley Leaving Marsh & McLennan
Marsh & McLennan Companies, Inc. (MMC) announced that Matthew B. Bartley, executive vice president and chief financial officer, will leave the firm. MMC said it has commenced a search for a new CFO and that Bartley intends to remain with …
Marsh Sees First Quarter Bump in Revenue, New Business
Marsh reported financial results for the first quarter ended March 31, 2008 that showed insurance revenues up 7 percent and new insurance business up 10 percent. But overall Marsh & McLennan Companies, Inc. (MMC) posted a first quarter loss of …
People
The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is found. Before coming to …
Leadership Switches at Guy Carpenter
Guy Carpenter & Co., the reinsurance services subsidiary of Marsh & McLennan Cos. Inc., has named a new chief executive officer and a new chairman, the company said. Peter Zaffino will assume the CEO role – succeeding David Spiller in …
Quarterly Profit Down 62% at Marsh; 2007 Revenues Up 8%
Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent. The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents per share, from $226 million, …
Ex-Marsh & McLennan CEO Cherkasky to Get $7.15M Severance
Marsh & McLennan Cos. Inc. will pay Michael Cherkasky, the executive they brought in to broker a costly legal settlement in 2005, $7.15 million as part of a severance package reached after he was forced out earlier this year. MMC, …
Quarterly Profit Down 62% at Marsh
Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent. The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents per share, from $226 million, …