GC Securities, a division of MMCSecurities and a member of Marsh and McLennan Cos., announced theplacement of a catastrophe bond benefitting the government ofMexico's Fund for Natural Disasters (FONDEN). The $360 million,three-class catastrophe bond is issued by the International Bankfor Reconstruction and Development, and represents the first listedproperty and catastrophe bond issued under its Capital-at-Risknotes program.

MMATrion, a Marsh and McLennan Agency LLC company,lauched BeneCap, a program that provides underwriting, enrollment,administration and claims handling of employee paid voluntarybenefits through an existing captive insurance company.

Insurance brokerage HubInternational Limited hasacquired the assets of the following entities:

  • East West Insurance Services Inc.
  • Bianchi & Associates Inc.
  • Steve Mariani Insurance LLP.
  • Patrice Varin
  • Rogers, Gunter, Vaughn Insurance Inc.

Terms of the deals were not disclosed.

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