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A well-run insurance company does not need a hard market to make a profit, and companies that are anxious to see one are desperate for the income, the chief executive of Marsh & McLennan Cos. says.

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.

Marsh & McLennan Cos. has named Daniel S. Glaser, chief executive of the company's brokerage firm Marsh, as its new group president and chief operating officer. The promotion has set off several other management moves to fill Glaser's old role.

Marsh & McLennan Cos. rolls out a movie worldwide to deliver its code of conduct message.

Marsh & McLennan Companies saw significant growth across the board, reporting fourth-quarter and year-end results that dramatically eclipsed the previous year’s earnings results.

Marsh & McLennan Companies saw significant growth across the board, reporting fourth-quarter and year-end results that dramatically eclipsed the previous year’s earnings results.

Market psyche change, not cat event, needed to turn the market, Marsh CEO Duperreault says, predicting one will come sooner rather than later.