Marsh and Mclennan Companies News

Validus Holdings Ltd said it agreed to buy Bermuda reinsurance rival IPC Holdings Ltd for $1.65 billion in cash and stock, beating out Flagstone Reinsurance Holdings Ltd in a bidding war.

The Obama administration plans to detail as soon as this week new measures to clamp down on potential conflicts of interest between compensation consultants and corporate executives, sources familiar with the administration's thinking told Reuters on Wednesday.

Atlanta's office building owners have some aggressive courting to do during the next year as more empty towers are delivered to the market.

Old home: Marsh & McLennan Companies will leave its home of 10 years, Prominence, for the new Two Alliance Center tower, also in Buckhead.

Putnam Investments said Charles "Ed" Haldeman Jr. will step down on Tuesday as chairman of the Boston investment company, ending a turbulent seven-year run at the firm.

Charles E. Haldeman, Jr., resigns today as chairman of Putnam Investment Management, LLC, president of the Putnam Funds and member of the Board of Trustees of the Putnam Funds, according to a company announcement.

The cost of insuring merchant vessels has risen twenty-fold, according to data compiled by insurance brokers Marsh & McLennan, due to the high number of piracies in the first quarter of 2009.

Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today announced that it has appointed Richard Booth as Vice Chairman, effective July 7. In this role Mr.

Shares of consulting company Watson Wyatt Worldwide tumbled 8 percent on Monday as analysts cited concerns about its $3.5 billion merger with Towers Perrin Forster & Crosby.

Progressive an auto insurance company, closed at $14.50. PGR July option implied volatility is at 49, August is at 44; below its 26-week average of 60; according to Track Data, suggesting decreasing price movement.

IPC Holdings, again rejecting an unsolicited bid worth $1.7 billion, said Tuesday it's talking with other potential bidders as the battle for the reinsurer heats up again.

Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, said Tuesday it agreed to buy insurance services provider Conning & Co.

Global risk spending by financial institutions on governance, operational risk and compliance activities will grow at a compound annual rate of 6.6 percent, rising from $1.4 billion in 2008 to $1.7 billion in 2011, according to a just released report.

General Re Corp and other companies have won dismissal of lawsuit accusing them of helping American International Group Inc.

The pace of layoffs will slow, says Mercer, but for most workers the squeeze will continue.

Aquiline Capital Partners LLC, the private equity firm run by Jeffrey Greenberg , acquired Conning & Co.

June 19, 2009 EXPANDED REPORTING; Pg. 60 718 words MARSH & MCLENNAN COMPANIES, INC.; MMC Experts Say Economic Crisis Has Affected Insurance Industry s Ability to Manage Severe Hurricanes A panel of experts from Marsh & McLennan Companies, Inc.

Michael J. Morrissey officially is at the helm as president and chief executive officer of the International Insurance Society Inc., succeeding Patrick W. Kenny, who is retiring.

The announcement comes just two months prior to the Aug. 1 deadline for the Federal Trade Commission Red Flag Rules, which require the implementation of an "Identity Theft Prevention" program by all organizations - " including healthcare facilities : - " that extend lines of credit to consumers.

The Atlantic hurricane season has begun, and a panel of experts from Marsh & McLennan Companies, Inc.