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Marsh & McLennan Companies, Inc. says it has increased its stock buy-back program to $1 billion with the addition of $500 million in repurchase authority.

Marsh & McLennan Companies, Inc. says it has increased its stock buy-back program to $1 billion with the addition of $500 million in repurchase authority.

Marsh & McLennan reports net income increased 19 percent in the second quarter, driven by new business and strong retention in its insurance brokerage arm.

Moody’s says it expects Marsh & McLennan Cos. Inc. to remain the preeminent player in its primary business of insurance broking and consulting, as moves to improve business performance gain traction.

Marsh & McLennan Agency and Hub International say they have acquired employee benefits brokers Prescott Pailet Benefits and Workplace Benefits Solutions, respectively.

Marsh & McLennan Cos. says its 2011 first-quarter net income jumped 31 percent as its flagship brokerage firms showed solid revenue increases and positive organic growth.

Marsh & McLennan Cos. says its 2011 first-quarter net income jumped 31 percent as its flagship brokerage firms showed solid revenue increases and positive organic growth.

Three Marsh & McLennan executives promoted by the company in April will receive $1 million stock options each for their new jobs.