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Guy Carpenter’s Q3 revenue up 7% as Marsh McLennan reports solid set of results
20th October 2022
Global brokerage Marsh McLennan (MMC) has reported a solid set of results for the third quarter of 2022, supported by underlying revenue growth of 7% at its reinsurance arm, Guy Carpenter. Across the business, MMC's consolidated revenue in Q3 2022 increased by 4%, or 8% on an underlying basis to $4.8 ... Read the full article
Marsh McLennan names Doyle President & CEO as Glaser retires
26th September 2022
Global insurance and reinsurance broker Marsh McLennan has announced that John Doyle will take over from Daniel Glaser as President and Chief Executive Officer (CEO) from January 1st, 2023. Glaser is set to retire at the end of the year after leading the firm since 2013, having previously served as Marsh ... Read the full article
Marsh McLennan Agency acquires Steinberg & Associates
5th September 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Steinberg & Associates, Inc., an independent agency based in Spartanburg, South Carolina. Steinberg & Associates was founded in 1969, offering employee health and benefits, estate planning, and private client services to midsize ... Read the full article
Guy Carpenter sees 9% revenue growth in Q2 as Marsh McLennan reports ‘another strong quarter’
21st July 2022
Consolidated revenue at Marsh McLennan increased by 7% in the second-quarter of 2022 when compared with the previous year, supported by strong growth across the business, including at Guy Carpenter, the reinsurance arm of the global brokerage. Overall, insurance and reinsurance broker Marsh McLennan has reported revenue of $5.4 billion for ... Read the full article
“Industry needs to embrace and nurture talent” – Marsh McLennan CEO
12th July 2022
The industry needs to find a way to amplify its talents’ potential enable and enable their ambition if it is to effectively attain new levels of societal resilience, says Dan Glaser, president and CEO of Marsh McLennan. Commenting ahead of the Marsh McLennan Rising Professionals’ Global Forum in London, Glaser said ... Read the full article
Marsh McLennan extends lead as top global broker based on 2021 revenues
6th July 2022
Marsh McLennan remains the world's largest re/insurance broker, in terms of total revenues, which reached a huge $19.8 billion for the firm in 2021, according to our directory of the Top 20 Global Insurance & Reinsurance Brokers, based on research data from A.M. Best. Year-on-year, Marsh McLennan's ... Read the full article
Marsh McLennan Agency acquires CS Insurance Strategies
6th July 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of CS Insurance Strategies, Inc., a full-service insurance agency based in Chicago. Terms of the acquisition were not disclosed. Founded in 2209 by Chief Executive Officer (CEO), Charles Smith, CS Insurance Strategies is ... Read the full article
Marsh McLennan makes senior marketing & staff appointments
23rd June 2022
Marsh McLennan has announced the appointments of John Jones as Chief Marketing and Communications Officer and Pat Hagemann as Office of the COO Chief of Staff. Both appointments will report to John Doyle, Group President and Chief Operating Officer of Marsh McLennan, and are effective July 1. Jones will lead Marsh McLennan’s ... Read the full article
Marsh McLennan Agency acquires independent agency Clark Insurance
7th June 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Maine-based Clark Insurance, a leading independent agency. Founded in 1913, Clark Insurance, led by president Jeff Shaw, provides business insurance, employee health and benefits, and private client services to businesses and individuals ... Read the full article
Marsh McLennan shareholders re-elect 2022 director nominees
20th May 2022
The shareholders of global insurance and reinsurance brokerage firm, Marsh McLennan, have re-elected the entire cohort of 2022 director nominees. Yesterday, Marsh McLennan held its annual meeting of stockholders, who nominated to re-elect the entire slate for a one-year term, expiring at the 2023 meeting. The director nominees re-elected include Anthony Anderson, ... Read the full article
Marsh McLennan commits to net zero by 2050
31st March 2022
Marsh McLennan has committed to reaching net zero across its operations by 2050, alongside reducing its carbon emissions by half in the next eight years. All this was detailed in the firm’s just-released Accelerating Impact report, where it sets out its emissions reduction target. That target, says Marsh McLennan, is aligned ... Read the full article
Marsh McLennan appoints Mikhail Vanyo as general counsel
31st March 2022
Marsh McLennan has appointed Mikhail Vanyo as general counsel of Marsh. Vanyo will succeed Katherine Brennan, who was made senior vice president and general counsel earlier in the month. He will report directly to Martin South, president and CEO of Marsh, as well as Brennan. Based in New York, Vanyo will ... Read the full article
Marsh McLennan names Katherine Brennan as SVP and General Counsel
14th March 2022
Katherine Brennan, most recently General Counsel at Marsh LLC, takes on the role of Senior Vice President and General Counsel at Marsh McLennan, succeeding Peter Beshar, effective immediately. Brennan takes charge of the broker's global legal, compliance, and public affairs function, which supports Marsh, Guy Carpenter, Mercer, and Oliver Wyman. She will ... Read the full article
Marsh McLennan pulls out of Russia
10th March 2022
Global insurance broking and risk management firm Marsh McLennan has announced that it plans to exit all of its businesses in Russia. President and CEO Dan Glaser explained that the company felt “compelled” to sever all ties with Russia following its invasion of Ukraine. Western nations have already imposed tough economic sanctions ... Read the full article
Marsh McLennan appoints new director
15th February 2022
Marsh McLennan has appointed Hafize Gaye Erkan as its new, fourteenth director. Ms Erkan’s appointment is due to begin at the beginning of March. H. Edward Hanway, Chairman of the Company’s Board of Directors, said in a statement: “Gaye has deep expertise in investments, risk management, growth markets and digital innovation. We ... Read the full article