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MARSH WEBCAST JANUARY 27 — UPDATE ON GLOBAL INSURANCE MARKETS, STRATEGIES FOR MANAGING RISK AMID ECONOMIC, FINANCIAL CHALLENGES
New York, January 15, 2010 — As businesses worldwide look for efficient ways to manage risks during 2010 in the face of challenging economic and financial conditions, Marsh, the world's leading insurance broker and risk advisor, will hold a one-hour Webcast on the state of the commercial insurance market, regulatory developments, and risk management strategies on Wednesday, January 27 at 11 a.m. ET.
In addition to providing an overview of conditions related to insurance pricing, availability and purchasing trends for major commercial insurance lines, panelists participating in Marsh's Webcast, "Global Insurance Markets in 2010 — Responding to the Challenge," will discuss risk-funding priorities in the current environment, including risk retention and transfer strategies. The panel also will explore how the insurance industry is weathering the economic storm, as well as factors that might influence pricing, terms, and conditions in the coming year, and key regulatory issues emerging in 2010.
"For many businesses, insurance is the predominant risk-funding mechanism and represents a significant component of total cost of risk," said Joe McSweeny, president, U.S./Canada Division of Marsh. "The fact that market conditions are generally favorable to buyers presents a wide range of opportunities for businesses to strengthen their risk management efforts as they work to emerge from the challenging economy and difficult financial environment."
In addition to Mr. McSweeny, the panelists for the Webcast include: Steve Weisbart, chief economist, Insurance Information Institute; Duncan Ellis, practice leader, Marsh's Global Property Practice; Chris Klein, global head of Business Intelligence, Guy Carpenter; Chris Lang, managing director, Marsh's U.S. Financial and Professional Liability Practice (FINPRO); Chris Smy, practice leader, Marsh's Global Environmental Practice; and Tony Tam, managing director, Marsh's Casualty Practice. Brian Elowe, a managing director in Marsh's Global Risk Management Division, will serve as moderator.
Register for the Webcast. The Webcast and its replay are free of charge.
About Marsh
Marsh has over 23,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 52,000 employees and annual revenue of $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Kroll, the risk consulting firm; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. MMC’s stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC's Web Site is www.mmc.com.
Media Contacts
Al Modugno
212-345-2448
Anand Poola
212-345-4292
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