Business Services Industry
Updates; MMC merges U.K. benefits units.(World)(appointments and profits in insurance industry)
Business Insurance, October, 2005
Marsh & McLennan Cos. Inc. has combined its U.K. employee benefits operations into one unit. All the business will now be contained within Mercer Human Resource Consulting, according to a statement by the London-based unit of Mercer. Previously, Marsh Ltd. had handled several employee benefits lines of business, such as insured pensions, health care, employee communications and executive financial advisory services.
Converium gets fronts for aviation pool Converium Holding Ltd. has entered into a fronting arrangement with two companies, enabling the reinsurer to continue participating in the Global Aerospace Underwriting Managers Ltd. aviation insurance pool. Zug, Switzerland-based Converium said the move was necessary because of its current financial...
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