Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc.,announced the first of a series of planned strategic acquisitions in its plan to build a national business.
William Corrigan has been named chief financial officer of Marsh & McLennan Agency LLC, which targets the insurance needs of small to middle market businesses and personal lines clients, it was announced.
David L. Eslick has been named chairman of Marsh & McLennan Agency LLC, which should launch in the near future. Eslick is the former chairman, president and chief executive officer of USI Holdings Ltd. The agency, which will serve U.S. companies
Marsh & McLennan Cos. will be eliminating 900 positions, the majority being in the third quarter of 2008. The second-quarter net income has decreased 63 percent compared with 2007; it is now $65 million compared to $177 million last year. The net
Marsh & McLennan Co. Inc. announced that Matthew B. Bartley, executive vice president and chief financial officer, will leave the firm. Bartley joined MMC as vice president and treasurer in 2001 and was named MMC's CFO in 2006.
The future of Marsh--already in doubt with the appointment of a new CEO--is even murkier with the announcement just before Christmas that a change in leadership was ahead at the helm of its troubled
One challenge facing the new chief executive of Marsh, Daniel Glaser, will be calls for a breakup of his corporate parent, Marsh & McLennan Companies, to maximize shareholder value and protect the