Marsh & McLennan downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Marsh & McLennan to reflect its high exposure to property & casualty insurance brokerage platform vs. higher revenue healthcare exchange revenues. Price target raised to $53 from $48.
Marsh to acquire Torrent Technologies, terms not disclosed Marsh announced that it has signed a definitive agreement to acquire Torrent Technologies, a service provider to Write Your Own insurers participating in the National Flood Insurance Program. The transaction is subject to customary closing conditions. Terms were not disclosed.