Novarica, a research and advisory firm focused on markets, operations, and technology for insurers and financial institutions, has promoted Chad Hersh to partner.
Brian Duperreault, president and CEO, Marsh & McLennan, USA, will be the 2011 International Insurance Society (IIS) Insurance Hall of Fame inductee, the group announced.
Major insurance brokers are stepping up their game, delivering better service to their customers in a bad economy and surpassing the satisfaction rating of others who in the past would have been considered service leaders.
Marsh & McLennan Companies reported 2010 third quarter net income of $168 million, a 24 percent decrease compared to 2009 third quarter net income of $221 million.
Marsh & McLennan Agency remains on track to be a "significant player" in the middle commercial market and is primed for additional growth, its chief executive says.
Marsh & McLennan Companies agreed to pay Ohio $4.75 million to settle an antitrust lawsuit stemming from allegations that the company's insurance brokerage firm engaged in a bid-rigging and kickback scheme in return for lucrative contingent commissions.
Robert Clements, a driving force in the Bermuda insurance market and founder of a major insurance brokerage firm, died over the weekend after a battle with
A federal appeals court has vacated the decision by a district court three years ago to dismiss antitrust and racketeering complaints against numerous insurers and brokers allegedly involved in a bid-rigging scheme with Marsh & McLennan.