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 …
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 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 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 …
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 …
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’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 …
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 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 …
Marsh announced that Abbey Sturrock has joined the firm’s Political Risk and Structured Credit Practice as a senior vice president within the Public Agency Group. Based in London, Sturrock is responsible for delivering Marsh’s advisory and placement capabilities for the …
