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Marsh & McLennan results down for the quarter

By: Mark A. Hofmann

Published July 28, 2015 - 10:34am CST

Marsh & McLennan Cos. Inc.'s second-quarter 2015 revenue dropped 2.1% from the same period a year earlier to $3.23 billion, the company announced Tuesday morning.

The week in pictures

Published July 24, 2015 - 11:24am CST

The urge to merge, more breaches and California wine country wildfires filled the week at Business Insurance. View the gallery

Top insurance brokers: Marsh & McLennan Cos. Inc.

By: Matthew Lerner

Published July 19, 2015 - 6:00am CST

Marsh & McLennan Cos. Inc. remained atop the Business Insurance 2015 ranking of the world's largest insurance brokers, growing its brokerage revenue 5.7% in 2014 to nearly $13 billion.

Merger-related insurance coverages grow

By: Judy Greenwald

Published July 15, 2015 - 1:18pm CST

The number of representation and warranty insurance policies issued more than doubled to 700 in 2014 as policyholders sought more protection for exposures related to mergers and acquisitions.

Protection & indemnity unit to marshal all Marsh & McLennan forces

By: Joyce Famakinwa

Published July 08, 2015 - 3:25pm CST

Marsh & McLennan Cos. Inc. said Tuesday it launched the Protection & Indemnity Client Service unit to help P&I associations and insurers address their challenges.

Marsh & McLennan Agency acquires Canadian brokers

By: Donna Mahoney

Published July 07, 2015 - 1:23pm CST

Marsh & McLennan Agency L.L.C., a White Plains, New York-based subsidiary of Marsh L.L.C., on Tuesday said it acquired Vézina, a Montreal-based insurance brokerage.

Marsh & McLennan Agency acquires St. Louis broker

By: Donna Mahoney

Published July 01, 2015 - 2:39pm CST

Marsh & McLennan Agency L.L.C., a White Plains, New York-based subsidiary of Marsh L.L.C., on Wednesday said it has acquired St. Louis-based independent insurance broker J.W. Terrill Inc.

Mercer shuffles North American, multinational leadership

By: Joyce Famakinwa

Published July 01, 2015 - 1:00pm CST

Mercer L.L.C., the consulting unit of Marsh & McLennan Cos. Inc. has appointed Simon O'Regan president of Mercer's North America region.

Terrorism insurance backstop renewal helped keep rates down

By: Mark A. Hofmann

Published June 24, 2015 - 12:59pm CST

The reauthorization of the federal terrorism insurance backstop early this year helped create favorable terrorism insurance pricing for most policyholders, according to a report released Wednesday by Marsh L.L.C.

Marsh diagnostic tool analyzes costs of risks

By: Judy Greenwald

Published June 03, 2015 - 4:56pm CST

Marsh L.L.C. has introduced a diagnostic tool designed to analyze casualty program costs and trends, the broker said Wednesday.

Drone insurers take coverage cues from traditional aviation

By: Judy Greenwald

Published June 03, 2015 - 2:04pm CST

The insurance industry is responding to demand for drone insurance “at its own pace,” often taking its cues from traditional aviation coverage, and capacity remains plentiful, Marsh L.L.C. says in a report.

Marsh makes big mid-market push with Texas purchase

By: Bill Kenealy

Published June 01, 2015 - 5:53pm CST

Marsh L.L.C. continued its expansion into mid-market business with the acquisition announced Monday of Top 50 brokerage MHBT Inc.

Highest-paid broker execs

Published May 29, 2015 - 10:17am CST

Who were the highest-paid executives at publicly traded brokers in 2014? Find out in our latest gallery.

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.

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