Marsh & McLennan

• A&E Update: Continued Losses Lead to Market Hardening

  By Shawn Moynihan, PropertyCasualty360.com  |  February 5, 2013

  In a Professional Liability market characterized overall by most brokers and insurance executives as full of capacity and relatively stable rate-wise (even if once-high Excess limits are harder to get now than they used to be), recent discussions of this line include talk of hardening in the Architects & Engineers...

• New Hires and Promotions at Zurich North America, Integro, Lockton and More - Around the Industry

  By Staff Writer  |  January 15, 2013

  ACORD and DISA merged under ACORD banner, Zurich and Affinity teamed up to offer cyclist accident program, Philadelphia added Fuel Dealer product.

• New Hires and Promotions at Brown & Brown, JLT Specialty, Willis and More - Around the Industry

  By Staff Writer  |  January 8, 2013

  Marsh & McLennan acquired Liscomb Hood Mason Co. and McGraw Wentworth, Inc.

• New Hires and Promotions at Senn Dunn, InVEST, ASCnet and Berkley Canada - Around the Industry

  By Staff Writer  |  January 2, 2013

  Robert Benmosche will receive the 2013 Insurance Hall of Fame award, new program from K&K Insurance Group and Kaliff Insurance, acquisitions by Marsh & McLennan, Brown & Brown, R-T Specialty and Neace Lukens, Applied Systems Epic awarded two patents.

• New Hires and Promotions at Crum & Forster, Hull & Co., Lockton and More - Around the Industry

  By Staff Writer  |  December 6, 2012

  Willis North America acquired Avalon Actuarial, Marsh & McLennan acquired Brower Insurance, new program from ACE USA, Hull & Co. opened new Marine department.

• Hires and Promotions at Philadelphia, Zurich, Sterling, Markel and More - Around the Industry

  By Staff Writer  |  November 13, 2012

  IDP acquires NSU, Marsh & McLennan acquires The Protector Group. New programs from All Risks and Continental Underwriters. Certified Program Leader designations and 2011 Variance Prize winners announced. Applied Systems released TAM 12. Candy Holland appointed to deputy president of Chartered Institute of Loss Adjusters.

• Contractors Can Expect Big Jump in DBA Insurance Premiums

  By Mark E. Ruquet, PropertyCasualty360.com  |  September 20, 2012

  Contractors working overseas for the Department of State can expect big increases in their premiums upon renewal after the government found no insurers willing to take up the insurance program for non-government employees, says an executive with Marsh.

• #1 Maurice ‘Hank’ Greenberg: Profit Prophet

  By Bryant Rousseau, PropertyCasualty360.com  |  June 25, 2012

  In 1967, “AIG was very tiny when I became CEO. When I left in 2005, it was the largest insurance company in history.”

• Spitzer & Scandal

  By Bryant Rousseau, PropertyCasualty360.com  |  June 25, 2012

  One of the drawbacks to having superhuman skills is that you tend to attract equally well-enabled arch-enemies.

• Judge Rejects Former Marsh Execs' Claims of Collusion Between Broker, Spitzer

  By Jonathan Stempel (Reuters)  |  June 18, 2012

  A federal judge rejected claims by two former Marsh & McLennan Cos executives that the big insurance broker colluded with Eliot Spitzer when he was New York attorney general to make them scapegoats in a bid-rigging probe, and avert criminal charges against their longtime employer.

• More Sellers Meeting Heavy Buyer Demand in Agency M&A Marketplace

  By Kevin Stipe  |  May 21, 2012

  Agency mergers-and-acquisitions activity has come roaring back after plummeting during the economic crisis of 2008-2009. In fact, 2011 was the second-most-active year for M&A in the insurance industry’s history—only 16 deals short of the all-time record of 301 deals announced in 2008. If current trends hold, 2012 may set a...

• Marsh & McLennan Takes Stake in Asset Mgr Juniperus

  By Reuters  |  April 24, 2012

  Marsh & McLennan will take a minority stake in Juniperus Capital, which specializes in catastrophe bonds and other capital markets insurance products, Juniperus and its private equity backer Aquiline Capital Partners.

• Insurance Veteran Seizes Opportunity in Acquiring Agencies

  By Mark E. Ruquet  |  April 5, 2012

  Robert S. Goldstein, former chairman and CEO of the managing general agency BenefitPort Mid-Atlantic, has come out of retirement to launch Unique Insurance Concepts LLC, a Palm Beach, Fla.-based holding company that aims to acquire surety agencies.

• Insurance Veteran Seeks Opportunity Buying Agencies

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 30, 2012

  A veteran of the insurance industry is coming out of retirement to launch a holding company that aims to acquire surety agencies because this is a prime opportunity for agents to sell their business.

• Hires and Promotions at Sterling & Sterling, Crawford & Co., CRC, Rosenfeld Einstein, AmWINS, Dempsey Partners, OneBeacon, EPIC and The Council of Insurance Agents & Brokers - Around the Industry

  By Staff Writer  |  March 26, 2012

  National Alliance for Insurance Education & Research Elects Board Officers; The Main Street America Group Inducts 5 to 'Circle of Excellence'; Marsh & McLennan Acquires KSPH, HSB Introduces Freestyle Advantage Program

• Agent, Risk Management Groups Remain at Odds over N.Y. Reg. 194

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 14, 2012

  Close to four years after the New York Department of Insurance proposed its disclosure rule for producer compensation, a risk-management association and an independent-agents group remain at odds over the implications of Regulation 194, issuing dueling statements over its impact.