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Marsh places $3.5B in transactional risk market in first half of 2014

By: Judy Greenwald

Published November 19, 2014 - 2:31pm CST

A total of $3.5 billion in insured limits was placed in the transactional risk insurance market in the first half of 2014 by Marsh L.L.C., which was a 59% increase over the same period in 2013, the broker said Wednesday.

Marsh launches consumer class action settlement insurance

By: Shelby Livingston

Published November 18, 2014 - 3:10pm CST

Marsh L.L.C. has launched a consumer class action settlement insurance product that transfers the settling company’s ultimate payout in a class action lawsuit to the insurer.

Cyber, political risks top concerns among European energy industry execs

By: Sarah Veysey

Published November 18, 2014 - 10:20am CST

Political and cyber risks are among the major concerns of companies in the power industry in Europe, according to a study published Tuesday by Marsh L.L.C.

GALLERY: South Region 40 Under 40 Broker Awards

Published November 07, 2014 - 3:28pm CST

View photos from Business Insurance's 2014 40 Under 40 Broker Awards reception recognizing this year's South region honorees.

Marsh & McLennan Agency acquires California brokerage

By: Shelby Livingston

Published November 07, 2014 - 12:47pm CST

Marsh & McLennan Agency L.L.C., a division of Marsh L.L.C., has acquired Irvine, California-based middle-market property/casualty broker NuWest Insurance Services Inc.

Insurers, U.K. government working to improve cyber security

By: Sarah Veysey

Published November 05, 2014 - 10:02am CST

LONDON — The U.K. government and a group of leading insurers pledged Wednesday to work together to find ways to better improve cyber security and to develop cyber insurance products and services available for businesses.

Marsh & McLennan reports third-quarter growth across all sectors

By: Bill Kenealy

Published October 28, 2014 - 11:52am CST

Marsh & McLennan Cos. Inc. reported 2014 third-quarter revenue of $3.14 billion on Tuesday, a 7.1% increase over the same period last year.

Marsh to acquire flood insurance specialist Torrent Technologies

By: Mark A. Hofmann

Published October 20, 2014 - 11:22am CST

Marsh L.L.C has signed a definitive agreement to acquire Torrent Technologies Inc., Marsh said Monday.

New Marsh CFO to take position March 1, 2015

By: Mark A. Hofmann

Published October 16, 2014 - 11:25am CST

Courtney Leimkuhler will become chief financial officer of Marsh L.L.C. on March 1, 2015, the Marsh & McLennan Cos. Inc. unit announced Thursday.

Council of Insurance Agents and Brokers elects chairman for 2015

By: Mark A. Hofmann

Published October 15, 2014 - 10:11am CST

Steve Brockmeyer, president and CEO of Pasadena, California-based Bolton & Co. was elected as 2015 chairman of the Washington-based Council of Insurance Agents and Brokers on Tuesday.

New Jersey Transit sues Lloyd's and other insurers over Superstorm Sandy coverage

By: Judy Greenwald

Published October 08, 2014 - 2:38pm CST

New Jersey Transit Corp. has filed suit against Lloyd's of London and six other excess insurers, stating they incorrectly applied a flood sublimit to its comprehensive insurance coverage for Superstorm Sandy.

Marsh names exec to lead research for its workers compensation excellence center

By: Stephanie Goldberg

Published September 19, 2014 - 11:44am CST

Tom Ryan has been named workers compensation market research leader for Marsh L.L.C.'s Workers' Compensation Center of Excellence, the insurance broker said Friday.

Advisen's Thomas Ruggieri to lead Cooper Gay Swett & Crawford's N. America unit

By: Matthew Lerner

Published September 15, 2014 - 2:31pm CST

Advisen Ltd. founder Thomas P. Ruggieri will join Cooper Gay Swett & Crawford Ltd. as president and CEO of its North American operations.

Willis names former Marsh exec Scott Hull as head of surety

By: Judy Greenwald

Published September 15, 2014 - 2:23pm CST

Willis Group Holdings P.L.C. has named former Marsh L.L.C. executive Scott Hull as executive vice president and head of surety.

Business Insurance looks at past 30 tumultuous years of surplus lines market

By: Douglas McLeod

Published September 14, 2014 - 6:00am CST

The surplus lines business has seen plenty of upheaval during the 30 years since Business Insurance began ranking the market.

Jim Pierce joins Jardine Lloyd Thompson's U.S. specialty group from Marsh

By: Mark A. Hofmann

Published September 10, 2014 - 2:11pm CST

Jardine Lloyd Thompson Group P.L.C. on Wednesday said it has appointed Jim Pierce as chairman of its new U.S. specialty business, JLT Specialty Insurance Services Inc.

Kevin Callahan named head of sales for Marsh's global risk and specialties unit

By: Mark A. Hofmann

Published September 09, 2014 - 10:30am CST

Marsh L.L.C. on Tuesday said Kevin R. Callahan has been named as sales leader for Marsh L.L.C.'s global risk and specialties operation.

Marsh cyber policy targets large companies with potentially catastrophic risks

By: Bill Kenealy

Published September 05, 2014 - 12:35pm CST

Marsh USA Inc. has unveiled a new cyber insurance policy intended to help large companies address potentially catastrophic cyber exposures.

Willis exec Thadd Wallace joins Marsh's global risk management practice

By: Kate Shepherd

Published September 02, 2014 - 3:18pm CST

Marsh L.L.C. on Tuesday said it has hired former Willis North American Inc. executive Thadd Wallace as a managing director in its global risk management practice.

Marsh & McLennan CEO Daniel Glaser tapped to lead Federal Advisory Committee on Insurance

By: Mark A. Hofmann

Published August 17, 2014 - 6:00am CST

WASHINGTON — The Federal Advisory Committee on Insurance has been one of the lowest-profile panels in Washington, but that could change in the coming months.

Business Insurance announces 40 Under 40 broker honorees for 2014

Published August 06, 2014 - 3:07pm CST

Business Insurance on Wednesday announced the honorees for its second annual 40 Under 40 Broker Awards.

Marsh & McLennan's Glaser to chair Federal Advisory Committee on Insurance

By: Mark A. Hofmann

Published August 04, 2014 - 11:17am CST

Marsh & McLennan Cos. Inc. President and CEO Daniel Glaser has been named chairman of the Federal Advisory Committee on Insurance.

Marsh & McLennan revenue increases 6.8% in second quarter

By: Mark A. Hofmann

Published July 29, 2014 - 9:38am CST

Marsh & McLennan Cos. Inc. reported 2014 second-quarter revenue of $3.36 billion on Tuesday, a 6.8% increase over the same period last year.

Top insurance brokers: Marsh & McLennan Cos. Inc.

By: Mark A. Hofmann

Published July 20, 2014 - 6:00am CST

Marsh & McLennan Cos. Inc. enjoyed solid growth in 2013 and into 2014 despite the challenges of the economy as a whole.

Insurers struggle to get grip on burgeoning cyber risk market

Published July 14, 2014 - 9:07am CST

(Reuters) — Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check.

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