 |
|
New Zealand |
|
| ||
|
|
|
|
Contact Us |
| Marsh News | |
|
Related Marsh Sites |
|
Locations |
|
Mission |
| Home | |
Service & Solutions | |
Global Offices | |
Country Information | |
About Marsh |
|
| ||
 |
Archive
01 December 2008 -Employees pose greatest threat in 2008 NZ risk survey
17 March 2008 - MARSH APPOINTS JEREMY D. COOKE AS GLOBAL HEAD OF MARKET RELATIONSHIP MANAGEMENT
13 February 2008 - MARSH #1 INTERNATIONAL BROKER IN CHINA
30 January 2008 - MMC APPOINTS BRIAN DUPERREAULT AS PRESIDENT AND CHIEF EXECUTIVE OFFICER
16 January 2008 - SENIOR LEADERSHIP CHANGES FOR MARSH IN ASIA
03 January 2008 - MARSH ANNOUNCES SENIOR APPOINTMENTS
21 December 2007 - MMC ANNOUNCES SEARCH FOR NEW CEO - Michael G. Cherkasky to Step Down
03 December 2007 - MMC APPOINTS DANIEL S. GLASER AS CHAIRMAN AND CHIEF EXECUTIVE OF MARSH
29 August 2007 - MARSH NAMED WORLD'S BEST BY REACTIONS MAGAZINE
07 August 2007 - MMC REPORTS SECONG QUARTER 2007 RESULTS
16 July 2007 - MARSH RANKED NUMBER ONE BROKER FOR 36TH CONSECUTIVE YEAR
27 February 2007 - MARSH CEO URGES WORLD’S NATIONAL OIL COMPANIES TO ADDRESS RISKS
15 February 2007 - 47 Marsh Executives Cited As Tops In Their Field By Risk & Insurance® Magazine
13 February 2007 - MMC REPORTS FOURTH QUARTER AND YEAR-END 2006 RESULTS
07 February 2007 - FIRST GLOBAL MEETING OF NATIONAL OIL COMPANIES TO BE HELD LATER THIS MONTH
23 January 2007 - MARSH GRANTED INDUSTRY-FIRST LICENSE IN CHINA
19 August 2009 - MARSH NAMED BROKER OF THE YEAR :: more...
01 December 2008 - Employees pose greatest threat in 2008 NZ risk survey :: more...
25 September 2008 - MARSH LAUNCHES FIRST ANNUAL REPORT ON THE RISK MANAGEMENT PRACTICES OF THE STATE SECTOR :: more...
17 March 2008 - MARSH APPOINTS JEREMY D. COOKE AS GLOBAL HEAD OF MARKET RELATIONSHIP MANAGEMENT :: more...
13 February 2008 - MARSH #1 INTERNATIONAL BROKER IN CHINA :: more...
30 January 2008 - MMC APPOINTS BRIAN DUPERREAULT AS PRESIDENT AND CHIEF EXECUTIVE OFFICER :: more...
16 January 2008 - SENIOR LEADERSHIP CHANGES FOR MARSH IN ASIA :: more...
03 January 2008 - MARSH ANNOUNCES SENIOR APPOINTMENTS :: more...
21 December 2007 - MMC ANNOUNCES SEARCH FOR NEW CEO - Michael G. Cherkasky to Step Down :: more...
03 December 2007 - MMC APPOINTS DANIEL S. GLASER AS CHAIRMAN AND CHIEF EXECUTIVE OF MARSH :: more...
27 September 2007 - NEW REPORT SAYS A PANDEMIC IS OVERDUE, BUT COMPANIES AND NATIONS ARE ILL-PREPARED TO COPE WITH THE IMPACT :: more...
06 September 2007 - THIRSTY BUSINESS: GLOBAL COMPANIES NOT PREPARED FOR LOOMING THREAT OF WATER SHORTAGE :: more...
29 August 2007 - MARSH NAMED WORLD'S BEST BY REACTIONS MAGAZINE :: more...
07 August 2007 - MMC REPORTS SECOND QUARTER 2007 RESULTS :: more...
16 July 2007 - MARSH RANKED NUMBER ONE BROKER FOR 36TH CONSECUTIVE YEAR :: more...
27 June 2007 - MARSH SURVEY SHOWS PRIVATE EQUITY FIRMS HAVE INCREASING AWARENESS OF POTENTIAL LITIGATION :: more...
05 March 2007 - AL GORE TO BE KEYNOTE SPEAKER AT MARSH CLIENT BREAKFAST DURING ANNUAL RIMS CONFERENCE :: more...
27 February 2007 - MARSH CEO URGES WORLD’S NATIONAL OIL COMPANIES TO ADDRESS RISKS :: more...
47 Marsh Executives Cited As Tops In Their Field By Risk & Insurance® Magazine
:: more...
MMC REPORTS FOURTH QUARTER AND YEAR-END 2006 RESULTS :: more...
FIRST GLOBAL MEETING OF NATIONAL OIL COMPANIES TO BE HELD LATER
THIS MONTH
| Contact: | Gabriela Juncadella (New York) 212-704-4448 |
| Jason Groves (London) +44 (0)20 7357 1455 |
|
| Jonathan Tudor (Dubai) +971 50 289 4699 |
|
| Giles Hussey (Australia) +61 89 289 3834 |
NEW YORK (February 7, 2007) – Marsh Inc., the world’s leading risk and insurance services firm, today announced it will host the first ever global risk advisory meeting of the world’s national oil companies (NOCs) at a conference in Dubai, February 26-28. These state-owned enterprises manage roughly 80 percent of the world’s oil supply and are rapidly growing in their importance to the global energy scene.
The Marsh National Oil Company Conference will feature speakers from Saudi Aramco, Petrobras, Statoil ASA, Nigerian National Petroleum Corporation and other organizations. Marsh Chairman and CEO Brian Storms will discuss emerging risk topics in the oil and gas industry to open the conference, which is being attended by senior officials, representatives and delegates from dozens of countries and will operate under the patronage of the Ruler of Dubai.
A broad array of topics will be discussed during the two-day event, including knowledge transfer among NOCs, governance, measurement of enterprise-wide risk, and operational challenges tied to cross-border investments.
“It’s increasingly clear that state-owned oil companies will play a major role in determining where the world’s petroleum-based energy supplies will come from in the future,” said Jim Pierce, Managing Director of Marsh’s Global Marine & Energy Practice. “We’re proud to bring together many of the world’s NOCs and host this important gathering of international energy executives, experts and business leaders.”
Over the course of two days, the conference will feature both presentations and breakout sessions that address the NOCs’ transition from their respective national stages to a global platform.
“We expect this ongoing shift will have far-reaching ramifications for governments, businesses and consumers,” said Andrew George, Marsh’s Marine & Energy leader in Dubai. “We’re hopeful this conference will promote an open dialogue on the risk issues and business challenges NOCs face, and foster greater awareness and collaboration among companies that are assuming critical leadership roles in the global energy market.”
Journalists planning to attend the conference in Dubai, or who would like to speak to a specific presenter by phone, should call Gabriela Juncadella in the U.S. (212-704-4448), Jason Groves in the U.K. (+44 20 7357 1455) or Jonathan Tudor (+971 50 289 4699) in the UAE to arrange for interviews.
# # #
About Marsh:
Marsh, the world's leading risk and insurance services firm, has 26,000 employees and annual revenues approaching US$5 billion. The firm 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 55,000 employees and approximately US$12 billion of annual revenues. MMC also is the parent company of Guy Carpenter, Kroll, Putnam Investments, and Mercer. MMC’s stock (ticker symbol: MMC) is listed on the New York, Chicago, Pacific, and London stock exchanges. MMC’s Web Site is www.mmc.com. Marsh’s Web site is www.marsh.com, and in China www.marsh.com.cn.
MARSH GRANTED INDUSTRY-FIRST LICENSE IN CHINA
Marsh today announced it has been awarded China’s first ever Wholly-Owned Foreign Enterprise (WOFE) insurance broking license. The new license provisions, subject to tax and regulatory approvals, are in-line with China’s World Trade Organisation commitments to open its insurance industry to foreign investment.
Under terms of the new licensing agreement, Marsh’s existing risk consulting business will have its scope expanded in China to include brokerage for insurance of large scale commercial risk, brokerage for reinsurance, brokerage for international marine, aviation, and transport insurance. The firm will operate in China as Marsh (Beijing) Insurance Brokers Co. Ltd.
“We are very grateful to the Chinese insurance regulator, China Insurance Regulatory Commission, for awarding Marsh the first WOFE insurance broking license in China,” said Marsh Chairman and CEO, Brian Storms. “In turn, we will continue to use all of our global resources to support the development of a Chinese market that Marsh considers to be one of its most important globally.”
The granting of a WOFE license to Marsh represents a significant development for foreign entities operating in China’s insurance market. Marsh’s Asia Pacific CEO, David Batchelor, says the company is excited to grow its operations and capabilities in China under the expanded terms of its new licensing agreement.
“Marsh has been in China for 25 years – first as a representative office, then as insurance and risk management consultants – and has devoted a great deal of time to building an understanding of the risk and insurance issues of Chinese and foreign multi-national businesses,” Batchelor said. “Receiving this new licence means Marsh’s clients in China now have access to an unparalleled range of services being delivered through our firm’s global network of risk and insurance specialists – an unmatched proposition anywhere in the world.”
Marsh CEO of Greater China Region, Paul Wilkins, based in Beijing, said Marsh has an ever-increasing portfolio of global clients who are active and expanding in China, or looking at entering the market.
“The China Insurance Regulatory Commission has been driving an increased awareness of risk management among Chinese businesses,” said Wilkins. “Within China we have been supporting this activity, particularly in major risk and insurance management sectors like aviation, space, marine and energy, and financial institutions. We are delighted with the prospect of providing new product opportunities to enrich the expanding Chinese market.”
Marsh has previously provided risk management and insurance broking services from three offices in China – Beijing, Shanghai, and Guangzhou. The firm has communicated future expansion plans into Chengdu, Western China, subject to CIRC approval.
“We have seen an increasing demand for more sophisticated risk and insurance solutions from local Chinese companies, and we are well prepared to support them, both in China and as they go global,” said Wilkins.
“We see great interest in areas such as Directors’ & Officers’ liability, environmental issues, pandemic preparedness and product liability. We are actively recruiting and training colleagues in China in support of our clients’ growth and our firm’s expansion of services.”
ENDS
For further information:
Starry Zou |
Fiona Gibb |
About Marsh:
Marsh, the world's leading risk and insurance services firm, has 26,000 employees and annual revenues approaching US$5 billion. The firm 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 55,000 employees and approximately US$12 billion of annual revenues. MMC also is the parent company of Guy Carpenter, Kroll, Putnam Investments, and Mercer. MMC’s stock (ticker symbol: MMC) is listed on the New York, Chicago, Pacific, and London stock exchanges. MMC’s Web Site is www.mmc.com. Marsh’s Web site is www.marsh.com, and in China www.marsh.com.cn.
