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John M. Regan Jr.

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JOHN M. REGAN, Jr. John M. Regan, Jr. - died January 10, 2011. John M. Regan, Jr, former Chairman and CEO of Marsh & McLennan Companies, Inc. and a highly respected business leader died Monday. He was 89 and a resident of Ocean Ridge, FL. Jack Regan, as he was known, began his career in New York in the Casualty department at Marsh & McLennan in 1946. He was made assistant manager of the Boston office in 1954 and manager of the New York office thirteen years later. A series of promotions led to his appointment as President of Marsh and McLennan Companies in 1972 and CEO the following year. During his thirteen-year tenure as CEO, the company diversified its businesses significantly and developed a strategy to expand its operations globally, resulting in an eightfold growth in the company's revenue and market capitalization. The international expansion advanced markedly with Marsh & McLennan's successful 1980 merger with C. T. Bowring, a Lloyd's-based UK brokerage house. Mr. Regan lived in New York for most of his career where he was active in professional, business and charitable organizations including the Inner-city Scholarship Fund and the Cardinal's Committee on Education for the Archdiocese of New York. He retired in June 1986. Mr. Regan graduated five months early from Yale University in January 1943 so that he could join the war effort. He served as a first lieutenant and platoon commander with the U. S. 22nd Infantry of the 4th Army Division during the Normandy campaign and was seriously wounded in action during the June 22, 1944 attack on Cherbourg. After what he referred to as "gold-bricking" in an English hospital, he returned to duty in a variety of capacities throughout Europe. He earned a Bronze Star and the Purple Heart and was discharged in 1946. Born in Minneapolis, MN on June 7, 1921, John M. Regan, Jr. was the eldest of three children of John M. and Philomena M. Regan. He attended St. Thomas Military Academy and graduated from Yale with honors. He also attended the Advanced Management Program at Harvard University's School of Business Administration. Mr. Regan served as a Trustee of Notre Dame University, Connecticut College, St. Vincent's Hospital and New York Law School and as a Director of Morgan Stanley Group, ACF Industries and the A. C. Nielson Company. He was a member of the Council on Foreign Relations, the Ocean Club of Florida, the Gulf Stream Bath and Tennis Club, the Misquamicut Club and the Watch Hill Yacht Club where he served as Commodore for four years. In addition to his wife of sixty one years, Prudence S. Regan, he is survived by two brothers, Robert M. Regan of Minneapolis, MN and Richard F. Regan of Honolulu, HI; six children including John M. Regan of Watch Hill, RI, Deborah R. Edwards of Hartsdale, NY, Peter M. Regan of New Berlin, NY, R. Christopher Regan of Mendham, NJ, Prudence R. Hallarman of Lincolnshire, IL and William M. Regan of New York, NY and nine grandchildren. A private funeral will be held this week. A memorial service is planned for June. The family requests any donations be made to the Inner-City Scholarship Fund, 1011 1st Avenue #1400, New York, NY 10022-4112, in Jack's memory. For online condolences, please go to www.gaffneydolanfuneralhome.com To express condolences and/or make donations Visit PalmBeachPost.com/obituaries
Published in The Palm Beach Post from Jan. 16 to Jan. 23, 2011
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