Marsh McLennan News

Marsh Q2 Insurance Revenue Up 3%; Sees ‘Modest’ Price Increases

Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net profit reported during the same quarter one year ago. Net profit for the first six months of 2013 …

Marsh & McLennan Names Gardner Chief Diversity, Inclusion Officer

Global insurance, risk and management consulting firm Marsh & McLennan Companies Inc. in New York has named Nicole Gardner as chief diversity and inclusion officer. In her new role, Gardner is responsible for “driving cultural and organizational change at Marsh …

Insurance Agent Takes Stand on Gay Marriage in Supreme Court Case

Today David Kosar can be considered one of the nation’s most outspoken insurance agents on the issue of gay marriage. Kosar, owner of David Kosar Insurance Agency-American Family in Everett, Wash., has joined an amicus brief filed by 278 businesses, …

Marsh Names Pittsburgh-Based East and Central Zone Mining Leader

Marsh, the insurance broking division of Marsh & McLennan Cos., announced that Douglas Schwab has rejoined the firm as its new East and Central zone mining leader.In this newly-created position, Schwab will be responsible for ensuring consistent delivery of advisory …

Marsh Announces New Head of Hartford, Connecticut Office

Marsh, the insurance broking and risk management division of Marsh & McLennan Cos., appointed industry veteran Carmela Inneo as head of its Hartford, Connecticut office.In her new role, Inneo will be responsible for delivering Marsh’s advisory and transactional services to …

Marsh & McLennan Names Bischoff Chief Financial Officer

Marsh & McLennan Companies Inc. has appointed J. Michael Bischoff as chief financial officer, effective immediately. Bischoff will report directly to the company’s president and CEO, Brian Duperreault.Bischoff had been serving as interim CFO since March 2012 when then-CFO Vanessa …

Towers Watson Exec Joins Marsh & McLennan’s Mercer Division

New York-headquartered Marsh & McLennan Companies appointed Rian Miller as general counsel of Mercer, a human resource consulting subsidiary.Miller was most recently with Towers Watson, where she served as managing counsel for risk and litigation since 2010. She joined predecessor …

Google Names Former MMC Exec Wittman as CFO of Motorola Mobility Unit

Internet search giant Google has named Vanessa Wittman as the new chief financial officer of its newly acquired Motorola Mobility Holdings unit.Google made the announcement last week when its $12.5 billion cash purchase of Motorola Mobility was finalized after securing …

Marsh Says It Only Sees ‘Targeted Correction’ of Rates

Marsh executives said this week that they are only seeing a “targeted correction” — not a broad-based hard market — in the property/casualty insurance market. CEO Brian Duperreault said during an earnings call Tuesday, “Is it a hard market? I …

Marsh & McLennan Posts $347M Q1 Income, Up 6.8% From Last Year

Marsh & McLennan Cos. Inc. reported $347 million net income for its 2012 first quarter, up 6.8 percent from $325 million reported during the same period in 2011. The total revenues for the quarter were $3.05 billion, up 5.7 percent …