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Marsh and Mclennan Companies News

News on Marsh and Mclennan Companies continually updated from thousands of sources around the net.

Thursday | Reuters

Validus to buy IPC for $1.65 billion, beats Flagstone

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.

Comment?

Related Topix: Insurance

Wed Jul 08, 2009

Reuters

White House seen clamping down on pay consultants

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.

Comment?

Related Topix: Insurance, Hewitt Associates, Human Resources, Corporate Governance, Law

Sun Jul 05, 2009

Commercial Real Estate

Professional services firms shopping for new office space in tenantsa market

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

Comment?

Related Topix: Midtown (Atlanta, GA), Buckhead (Atlanta, GA), Atlanta, GA, Insurance

Thu Jul 02, 2009

Atlanta Business Chronicle

Marsh relocating to new Buckhead building

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

Comment?

Related Topix: Buckhead (Atlanta, GA), Atlanta, GA, Insurance, Atlanta Metro, Advertising

TownHall.com

Putnam Chairman Charles "Ed"...

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.

Comment?

Related Topix: Mortgage, Personal Finance, Financial Services, Freddie Mac, Insurance

Tue Jun 30, 2009

On Wall Street

New Leadership at Putnam

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.

Comment?

Related Topix: Insurance, New York Metro

EKathimerini

Soaring cost of ship insurance

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.

Comment?

Related Topix: Insurance, Piracy News

Mon Jun 29, 2009

PR-inside.com

Richard Booth Joins Guy Carpenter as Vice Chairman

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.

Comment?

Related Topix: Insurance, American International Group

Reuters

Watson Wyatt shares slide, deal concerns cited

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.

Comment?

Related Topix: Insurance

Sat Jun 27, 2009

Blogging Stocks

Options Update: Insurance providers volatility near low end of range

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.

Comment?

Related Topix: Progressive Corporation, Insurance, Willis Group Holdings

Thu Jun 25, 2009

MarketWatch

IPC says other potential bidders enter fray

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.

Comment?

Related Topix: Insurance

Tue Jun 23, 2009

Insurance Journal West

Aquiline to Buy Conning & Co. from Swiss Re

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

Comment?

Related Topix: Insurance, Hartford Metro, Hartford, CT, American International Group

Sun Jun 21, 2009

Securities Industry

Financial Services Firms to Increase Risk Spending 6.6 Percent:

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.

Comment?

Related Topix: Insurance

Fri Jun 19, 2009

Business Insurance

Gen Re, Marsh, ACE win AIG suit dismissal

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

Comment?

Related Topix: Insurance, American International Group, Berkshire Hathaway, Construction, Investment Services, Criminal Defense Law, Law

Thu Jun 18, 2009

Forbes

Layoffs, Cutbacks And You

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

Comment?

Related Topix: Outsourcing, Insurance

Tue Jun 16, 2009

Bloomberg.com

Greenberg's Aquiline Buys $70 Billion Asset Manager Conning From Swiss Re

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

Comment?

Related Topix: Insurance, Hartford, CT, Hartford Metro, American International Group

Fri Jun 12, 2009

Insurance News Net

MMC Experts Say Economic Crisis Has Affected Insurance Industry s...

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.

Comment?

Related Topix: Insurance, US Energy Systems, Energy, Hurricane, Weather, Hurricane Ike, Natural Disasters

Wed Jun 10, 2009

Business Insurance

Morrissey to lead International Insurance Society

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.

Comment?

Related Topix: Jordan, World News, Insurance

Mon Jun 08, 2009

PR-inside.com

Kroll Helps Healthcare Providers Face Looming Red Flag Rules

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.

Comment?

Related Topix: Kroll, Security, Insurance

US Insurance News

Active Hurricane Season Could Challenge Energy Sector, Experts Say

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

Comment?

Related Topix: Insurance, Hurricane, Weather, Hurricane Ike

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