Global commercial insurance rates increased by 1% in the first quarter of 2024 (down from a 2% increase in Q4 2023), according to the Global Insurance Market Index released today by Marsh,
Tag: Marsh
Marsh Creates Group Captive for Clients Seeking More Control and Stability in their Cyber Insurance Programs
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, today announced the creation of Edgware Re Ltd., a group captive insurance company for organizations seeking more control and stability in their cyber insurance programs.
Q4 2023 Insurance Rates Remained Stable as Property Price Increases Continued to Moderate
Global commercial insurance rates increased by 2% in the fourth quarter of 2023 (down from a 3% increase in Q3), according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan
Harvard Sues Insurance Broker Marsh USA for Legal Fees Incurred in Affirmative Action Suit
In the latest development in the University’s effort to recoup up to $15 million in legal fees incurred over a nearly decade-long legal battle over its affirmative action policies, Harvard has sued its insurance broker, Marsh USA.
Marsh Launches Global Cyber Practice
Marsh today announced the launch of a new Marsh Specialty global cyber practice that integrates all of its cyber capabilities across insurance, risk intelligence, incident management, and cybersecurity around the world.
U.S. Insurance Giant Marsh Set for $448 Million Honan Deal
Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand.
Global Commercial Insurance Rates Continue to Moderate as Pricing Up 3% in 2Q
Global commercial insurance prices increased 3% in the second quarter of 2023 (down from a 4% increase in Q1), according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan.
White Oak Sues Marsh for $143M Over Greensill Insurance
White Oak, a U.S. private finance group, is suing Marsh for $143 million in relation to its work for Greensill Capital, arguing the insurance broker failed to pass on crucial information regarding problems with the collapsed supply-chain finance firm’s insurance coverage.
Marsh Launches Fast Track, Bringing Significant Additional Insurance Capacity to Global Market
Marsh announced the launch of Fast Track, an insurance facility that will bring a substantial amount of additional “follow form” capacity to its clients globally across major lines of business.
Transactional Risk Insurance Remains Critical Enabler in De-risking Deals in M&A Environment: Marsh
Marsh released a report which highlights the continued rise of transactional risk insurance as a mainstream feature of mergers and acquisitions (M&A) worldwide.