Operations

Marsh to eliminate 750 staff positions Fallback Image Decorative pattern

Operations

Marsh to eliminate 750 staff positions

Marsh & McLennan Companies, Inc. (MMC) is planning to save about US$350 million by 2008, in part through the reduction or attrition of 750 staff positions.”Beginning a year ago, we initiated an effort to rationalize MMC’s IT infrastructure, institutionalize firm-wide best practices, automate systems, and eliminate redundancies,” Michael G. Cherkasky, MMC president and CEO, said […]

By Canadian Underwriter | September 15, 2006

2 min read

Willis reports growth in organic revenue Fallback Image Decorative pattern

Operations

Willis reports growth in organic revenue

Willis Group has reported a 10% growth in its 2006 Q2 organic revenue, with double-digit growth from its reinsurance broker business. However, the insurance broker’s net income in 2006 Q2 dropped 37% from the same period last year, reaching US$72 million. “Our 10% organic revenue growth in the second quarter is a clear demonstration of […]

August 31, 2006

1 min read

Saskatchewan motorists must slow for tow trucks Fallback Image Decorative pattern

Operations

Saskatchewan motorists must slow for tow trucks

Saskatchewan motorists are now required by law to slow down not only for emergency vehicles and road crew workers, but also for tow trucks.Effective last month, Saskatchewan’s provincial government required motorists to slow to 60 km-h when passing tow trucks stopped on the side of the highway with their amber lights flashing.”Working on the side […]

By Canadian Underwriter | August 18, 2006

1 min read

ING Ottawa Marathon raises over $48,000 for WICC cause Fallback Image Decorative pattern

Operations

ING Ottawa Marathon raises over $48,000 for WICC cause

In an effort to raise money for its cause, Women in Insurance Cancer Crusade (WICC) once again teamed up with ING at the ING Ottawa Marathon and collected CD$48,884.This figure represents an increase of 141% from the amount raised last year and surpasses the teams goal of CD $30,000.When setting the donation target for 2006 […]

By Canadian Underwriter | August 16, 2006

2 min read