Marsh and Mclennan Companies News

M2 COMMUNICATIONS Source: M&A Navigator Wordcount: US insurance broker Marsh & McLennan is working towards a deal to acquire part of UK banking group HSBC's insurance operations, the Daily Telegraph said on Tuesday.

The 44-story office tower at 1166 Sixth Avenue has just seen a staggering 260,000 square feet worth of closed deals, especially given today's commercial real estate environment.

November 19, 2009 By Seth Harris Without a solution to track and report on ancillary airline fees, many travel buyers are encountering problems in managing and measuring the total cost of trip as 29 percent of about 300 travel buyer respondents to an Association of Corporate Travel Executives survey released this week said that they do not manage ...

Workers covered by company-sponsored health insurance should expect higher costs for coverage in 2010, a survey released Wednesday found.

A Marsh & McLennan Cos. board member, David A. Olsen, died Saturday, the company said in a statement Wednesday.

DOWNERS GROVE, Ill.-- --Concert Group Logistics , a Downers Grove, Illinois-based leader in transportation logistics, recently appointed Dominick Muzi as Vice President of Sales.

To: All Persons and entities who purchased or otherwise acquired the securities of Marsh & McLennan Companies, Inc.

Insurance broker Marsh & McLennan Cos. Inc. will pay $400 million as part of a class action settlement filed five years ago by state pension plan administrators in New Jersey and Ohio in connection with a probe of the company's acceptance of contingent commissions.

There may never be true consensus on what should rise out of that massive hole where the twin towers once stood.

NEW YORK_Insurance broker Marsh & McLennan Cos. said Friday it will pay $435 million to settle two class-action lawsuits filed in the wake of allegations of bid rigging and price fixing.

Marsh & McLennan agreed to pay $400 million to settle a federal class-action lawsuit filed in 2004 alleging the firm violated securities law surrounding MMC's practice of charging contingent commissions.

Ohio Attorney General Richard Cordray today announced a $400 million settlement in the class action lawsuit against Marsh & McLennan Co.

Marsh said it will pay $400 million to end a securities class action lawsuit filed in 2004 in the U.S. District Court for the Southern District of New York.

New York-based Marsh & McLennan Agency, a subsidiary of insurance mega-broker Marsh Inc., has acquired Insurance Alliance, one of the largest independent insurance agencies in Texas.

Global exchange operator Nasdaq OMX Group Inc. said Thursday its profit rose as it cut costs and recorded fewer special charges during the third quarter.

Analyst Report ) third quarter adjusted earnings of 48 cents per share were substantially ahead of the Zacks Consensus Estimate of 27 cents.

BRAINTREE Council is considering moving its headquarters to Witham. The council owns the freehold of Mayland House, in The Grove, which it leases to one of Witham's biggest employers, insurance firm Marsh Ltd, part of Marsh and McLennan Companies.

TheStreet.com's stock-rating model upgraded Hecla Mining , a miner of silver, gold, lead and zinc, to "hold." The numbers : The company swung to a third-quarter profit of $26 million, or 9 cents a share, from a loss of $3.8 million, or 5 cents a share, in the year-earlier period.

Net income in the quarter fell 93% to $26 million or 16 cents per diluted share compared to net income of $367 million or $2.31 per share a year ago.

Exxon Mobil Chemical's /quotes/comstock/13*!xom /quotes/nls/xom affiliate TonenGeneral said Wednesday it's launching a 50-50 joint venture with Toray Industries to develop products for the battery separator film business.