H. Edward Hanway, fresh off his retirement from health insurer CIGNA, was elected to the board of directors for Marsh & McLennan Co.

Reinsurers rates for January renewals softened, buoyed by improved financial markets and fewer catastrophes in 2009, according to BestWeek.

Risk and reinsurance specialist Guy Carpenter & Co. announced an agreement to buy all the shares of United Kingdom-based reinsurance broker Rattner Mackenzie Limited from HCC Insurance Holdings Inc.

Guy Carpenter and Co. has expanded its offerings and specialty capabilities with the completion of its acquisition of John B. Collins Associates Inc., the fifth largest reinsurance intermediary in the …  Read →