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Marsh & McLennan Companies has completed its deal to sell risk consulting firm Kroll to Altegrity Inc.

Marsh & McLennan Companies reported solid gains in the 2010 second quarter, improving over last year's earnings loss from the same period.

Marsh & McLennan Companies' chairman, Stephen R. Hardis, will retire in May and be succeeded by Lord Ian Lang.

Acquisition activity is expected to heat up for the second half of the year among the major insurance brokers, despite the strong headwinds they face to revenues, according to a financial analyst's report.

Standard & Poor's revised its outlook to negative on Marsh & McLennan Companies after MMC announced a $500 million settlement with the Alaska Retirement Management Board.

Standard & Poor's revised its outlook to negative on Marsh & McLennan Companies after MMC announced a $500 million settlement with the Alaska Retirement Management Board...

Moody's Investors Service has affirmed the ratings of Marsh & McLennan Companies, Inc. following the announcement that MMC has agreed to sell Kroll Inc. to Altegrity, Inc. for $1.13 billion in cash.

Marsh & McLennan Companies Inc. is selling its risk consulting subsidiary, Kroll, to Mike Cherkasky, the former chief executive of both Kroll and MMC, in an all-cash deal valued at $1.13 billion.