Marsh & McLennan News

Cyber Security Top Concern for Businesses in ‘Age of Risk:’ Marsh & McLennan’s Glaser

Cyber security has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of insurance broker and consulting firm Marsh …

Insurers Distance Themselves from Disputed Australia Coal Project as Backlash Grows

Global insurance companies linked to Adani’s Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure mounts on financial institutions to cut their ties to the fossil fuel industry. A growing global consensus has seen financial …

MMC Acquisition of JLT on Track to Close in Spring

Marsh & McLennan Cos.’ $5.6 billion acquisition of Jardine Lloyd Thompson Group is on track to close this spring. MMC CEO Dan Glaser, who described the deal as one of “strength on strength,” told analysts today that the transaction is …

Marsh & McLennan Reports Q2 Revenues Up

Marsh & McLennan Companies reported consolidated revenue was $3.7 billion, an increase of 7 percent over the second quarter of 2017. Operating income was $691 million for the quarter. In the Risk & Insurance Services unit, revenue was $2.1 billion …

Marsh & McLennan Names Gustfason to New Chief Public Affairs Post

Marsh & McLennan Companies announced that Erick R. Gustafson has been appointed as the company’s first chief public affairs officer. Gustafson has led the company’s Government Relations Department since 2008. In this expanded role, Gustafson will lead global corporate strategy …

New York-Based Marsh & McLennan Appoints Mills as VP and Controller

Marsh & McLennan Companies Inc., a New York, N.Y.-headquartered, global professional services firm, has appointed Stacy Mills as vice president and controller, effective January 1, 2018. In this role, Mills will serve as the firm’s chief accounting officer and report …

Stone Named General Counsel for Marsh, Guy Carpenter

Marsh & McLennan Companies Inc. announced that Susan A. Stone has been appointed general counsel of the Company’s Risk and Insurance Services segment, which includes Marsh and Guy Carpenter. Stone’s new role is effective as of Feb, 15, 2017. For …

XL Catlin Invests $4M in Insurtech Microinsurance Startup, Stonestep

XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to streamline how microinsurance is sold in emerging markets. The Series A funding is designed to help Stonestep grow in the …

Most Organizations Not Adequately Prepared for Cyber Attacks: Marsh & McLennan Cyber Handbook

No company is fully secure from cyber breaches, no matter how sophisticated its cyber defense mechanisms, which is why every company should develop a cyber risk management strategy, according Marsh & McLennan’s “Cyber Risk Handbook 2016.” Research reveals that that …

Marsh Appoints King as Chief Client Officer, UK & Ireland

Marsh has appointed Ailsa King as chief client officer, UK & Ireland. Reporting to Mark Weil, CEO, Marsh UK & Ireland, King will join Marsh’s UK & Ireland Executive Committee, and, subject to regulatory approval, will become a director of …