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Marsh & McLennan opens data analytics center in Ireland

By: Mark A. Hofmann

Published May 28, 2015 - 12:30pm CST

Marsh & McLennan Cos. Inc. has opened the Marsh & McLennan Innovation Center in Dublin, the company announced Thursday.

Marsh president expands risk and insurance services responsibilities

By: Mark A. Hofmann

Published May 08, 2015 - 4:01pm CST

Marsh & McLennan Cos. Inc. announced that Marsh L.L.C. President and CEO Peter Zaffino has been appointed chairman of Marsh & McLennan's Risk & Insurance Services segment, which includes Marsh and Guy Carpenter & Co. L.L.C.

Marsh acquires benefits brokerage for Japanese firms in U.S.

By: Shelby Livingston

Published May 07, 2015 - 3:17pm CST

Marsh L.L.C. has acquired Sumitomo Life Insurance Agency America Inc., the employee benefits brokerage of Osaka, Japan-based Sumitomo Life Insurance Co., Marsh said Thursday.

Marsh & McLennan posts higher quarterly profit

By: Bill Kenealy

Published April 30, 2015 - 5:13pm CST

Continuing to add capabilities across its various operating segments, Marsh & McLennan Cos. Inc. posted higher profit Thursday in the face of global economic pressures and a softening property/casualty insurance market.

Marsh survey finds more focus on cyber risks

By: Matthew Lerner

Published April 27, 2015 - 7:22pm CST

The 12th annual Excellence in Risk Management Report prepared by Marsh L.L.C. and the Risk & Insurance Management Society Inc. shows an increasing focus on cyber threats as well as detailing where risk managers report within their companies.

Marsh names risk and governance director for U.K., Ireland

By: Sarah Veysey

Published April 07, 2015 - 9:38am CST

Marsh L.L.C. on Tuesday said it has appointed Sally Williams as director of risk and governance for its U.K. and Ireland activities.

JLT Specialty hires specie, fine art and jewelry execs from Willis

By: Matthew Lerner

Published April 02, 2015 - 1:47pm CST

JLT Specialty Ltd. has hired away members of the specie, fine art and jewelry team from Willis Group Holdings P.L.C. including Barry Vickery and David Gordon, who will head the team for JLT in the U.K., the company said in a statement Thursday.

Rutherfoord brokerage chairman retires

By: Shelby Livingston

Published April 01, 2015 - 12:24pm CST

Richmond, Virginia-based brokerage Rutherfoord, a subsidiary of Marsh & McLennan Agency L.L.C., on Tuesday announced its chairman, Thomas D. Rutherfoord Jr., has retired.

Acquisitions, better economy drive revenue growth at large brokers

By: Matthew Lerner

Published March 29, 2015 - 6:00am CST

The largest publicly traded insurance brokers posted modest organic growth in 2014 as a slowly improving U.S. economy helped offset ongoing soft insurance rates amid an active year for mergers and acquisitions.

Willis taps Marsh exec as global alternative risk transfer chief

By: Shelby Livingston

Published March 23, 2015 - 12:10pm CST

Willis Group Holdings P.L.C. has named former Marsh Ltd. executive Marc Paasch to the newly created position of global head of alternative risk transfer solutions, the broker announced Monday.

Health care plan enrollments steady despite reform law

By: Jerry Geisel

Published March 17, 2015 - 2:48pm CST

The health care reform law has so far had little effect on the percentage of employees enrolled in employer-sponsored health care plans, according to a survey.

Transactional risk insurance placement increases 51% for Marsh

By: Judy Greenwald

Published March 17, 2015 - 12:07pm CST

A total of $7.72 billion in insured limits was placed in the transactional risk insurance market in 2014 by Marsh L.L.C. clients, which was a 51% increase over 2013's total, the broker said in a report.

Guy Carpenter launches data-driven casualty catastrophe model

By: Matthew Lerner

Published March 16, 2015 - 2:33pm CST

Guy Carpenter & Co. L.L.C., wholly owned subsidiary of Marsh & McLennan Companies Inc. has launched GC ForCasSM, its new data-driven casualty catastrophe model, the company said in a statement Monday.

Cyber insurance uptake increased in 2014

By: Judy Greenwald

Published March 12, 2015 - 3:14pm CST

The number of U.S.-based Marsh L.L.C. clients who purchased stand-alone cyber insurance for the first time increased 32% in 2014 vs. 2013, the New York-based brokerage said in a report issued Thursday.

China's captive insurance industry poised to grow

By: Sarah Veysey

Published March 09, 2015 - 3:25pm CST

Captive insurers are gaining popularity in China as well as other parts of Asia.

Marsh, Ace clarify insurance contract terms for U.K. and Ireland clients

By: Shelby Livingston

Published March 05, 2015 - 2:33pm CST

Marsh Ltd. on Thursday announced an agreement with Ace European Group Ltd. to offer its U.K.- and Ireland-domiciled customers improved insurance policy terms and conditions.

2015 Innovation Awards: Marsh L.L.C.

By: Judy Greenwald

Published March 01, 2015 - 6:00am CST

usa.marsh.com

2015 Innovation Award winners recognized

Published March 01, 2015 - 6:00am CST

The 2015 Business Insurance Innovation Awards showcase the best new products and services launched over the past year for risk managers. This awards program, which started in 2010, recognizes innovation in the insurance and risk management sector, and the high caliber of the winning entries shows that commercial insurers, brokers and other service providers continue to break new ground with their ...

Marsh predicts flatter commercial P/C rates this year

By: Mark A. Hofmann

Published February 10, 2015 - 11:17am CST

Intense competition among commercial property/casualty insurers is expected to continue this year, according to a report by Marsh L.L.C.

Cyber risks complicate softening commercial casualty rates

By: Mark A. Hofmann

Published February 09, 2015 - 11:18am CST

U.S. commercial casualty insurance rates appear likely to follow those of commercial property by softening in 2015, according to a Marsh L.L.C. report.

Rates continue downward trend overseas

By: Sarah Veysey

Published February 09, 2015 - 10:19am CST

Insurance rates continue to fall for many lines of business in the Europe, Middle East and Africa region, because of abundant capacity, among other factors, according to a report published Monday by Marsh L.L.C.

Marsh & McLennan reports higher revenue, lower profit in fourth quarter

By: Matthew Lerner

Published February 06, 2015 - 12:23pm CST

Insurance and reinsurance revenue at Marsh & McLennan Cos. Inc. increased 4% in the fourth quarter of 2014 compared with the prior-year period, with international insurance business leading the growth, the broking and consulting firm reported Friday.

Marsh explains the new reality of risk in the commercial market

By: Mark A. Hofmann

Published January 28, 2015 - 1:25pm CST

The commercial property insurance market appears likely to continue softening in the first quarter of this year, according to the head of Marsh L.L.C.’s property practice.

The 2015 Innovation Awards winners
are …

Published January 23, 2015 - 3:14pm CST

Business Insurance on Friday announced 10 winners of the 2015 Innovation Awards, the publication's recognition program for products and services designed for use by professional risk managers.

International insurance groups promote microinsurance

By: Mark A. Hofmann

Published January 22, 2015 - 1:46pm CST

A group of prominent insurers, reinsurers and brokers on Thursday said it has established a consortium to promote microinsurance ventures in developing countries.

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