Today Marsh announced senior leadership appointments within its Property and Financial and Professional Liability (FINPRO) Practices. Effectively immediately, Michael Rouse assumes leadership of Marsh’s US Property Practice. He brings more than 20 years of property insurance experience to the position, most recently serving as Marsh’s US Property Placement Leader. Mr. Rouse succeeds Duncan Ellis, who… Continue reading Marsh Makes Senior Leadership Appointments
Tag: Marsh
McGill & Partners Acquires Renewal Rights to Certain Specialty Business from Marsh
McGill and Partners has entered into an agreement with Marsh Limited and JLT Specialty Limited to acquire certain specialty business from Marsh in London. This business principally emanates from third-party wholesale, or independent brokers, who compete with Marsh for retail business. Steve McGill, CEO of McGill and Partners, said, “Our ambitious build out has been… Continue reading McGill & Partners Acquires Renewal Rights to Certain Specialty Business from Marsh
More Captives Profiting from Third-Party Risks in Digital Era: Marsh Report
The number of captive insurance companies writing third-party business is growing at double-digit pace as the digital era expands the ways that organizations deliver insurance solutions, according to a new report published today by Marsh, the world’s leading insurance broker and risk adviser. Technology advances, including mobile applications, are making it easier for organizations to… Continue reading More Captives Profiting from Third-Party Risks in Digital Era: Marsh Report
TRIPRA Remains Crucial to Continued Stability of US Market: Marsh Report
The global property terrorism insurance market remains strong with sufficient capacity to respond to today’s predominant terrorist threats, according to a new report from Marsh, the world’s leading insurance broker and risk adviser. Continued stability of the US property terrorism insurance market, however, is a point of focus as the Terrorism Risk Insurance Program Reauthorization… Continue reading TRIPRA Remains Crucial to Continued Stability of US Market: Marsh Report
Global Commercial Insurance Prices Up 3% in Q1 2019: Marsh
Today Marsh released its Global Insurance Market Index for the first quarter of 2019. Key findings include: Average commercial insurance prices increased 3% in Q1 2019, the largest increase since the survey began in 2012. Q1 2019 represents the sixth consecutive quarter of average commercial insurance pricing increases. Composite pricing in Q1 increased in all… Continue reading Global Commercial Insurance Prices Up 3% in Q1 2019: Marsh
Marsh Suing NFP in Alleged Former-JLT Employee Poaching
Marsh LLC last week sued NFP Corp. for allegedly poaching 13 former JLT Specialty Insurance Services Inc. real estate employees. Marsh, which acquired Jardine Lloyd Thompson Group PLC last year in a $5.6 billion deal, also filed a separate lawsuit against four of the employees who left JLT to work for New York-based NFP. The… Continue reading Marsh Suing NFP in Alleged Former-JLT Employee Poaching
Abundance of Data and Growth of Alternative Risk Finance Methods Provide Opportunities for Risk Managers: Marsh/RIMS Report
Risk managers are operating in an environment rich in data that when combined with growing alternative risk solutions can result in more robust risk finance strategies and more resilient organizations, according to a new report published today by Marsh, the world’s leading insurance broker and risk advisor, and RIMS, the risk management society®. However, a… Continue reading Abundance of Data and Growth of Alternative Risk Finance Methods Provide Opportunities for Risk Managers: Marsh/RIMS Report
Marsh to Begin Rollout of Proof of Insurance Blockchain Platform
Marsh, the world’s leading insurance broker and risk adviser, announced today that it will begin rollout of its Proof of Insurance Blockchain platform to US commercial clients. Originally launched as a proof of concept last April, Marsh’s blockchain-powered Proof of Insurance transforms the process from manual and complicated to automated and streamlined, allowing clients to… Continue reading Marsh to Begin Rollout of Proof of Insurance Blockchain Platform
Marsh, Guy Carpenter, JLT Combine LatAm Facultative Reinsurance
Marsh and Guy Carpenter will combine their Latin American facultative reinsurance operations with those of JLT Group, following the completed acquisition of JLT by Marsh & McLennan Companies (MMC) on April 1st, 2019. The combined operations will be called Carpenter Marsh Fac Re, and will be led by current Mercer Marsh Benefits Leader, Andrew Perry,… Continue reading Marsh, Guy Carpenter, JLT Combine LatAm Facultative Reinsurance
Insurers Creating A Consumer Ratings Service for Cybersecurity Industry
Some of the world’s biggest insurers plan to work together on an assessment of the best cybersecurity defenses available to businesses, an unusual collaboration that highlights the rising dangers posed by digital hackers. The program, which is being launched Tuesday by the Marsh brokerage unit of Marsh & McLennan Cos., will evaluate cybersecurity software and… Continue reading Insurers Creating A Consumer Ratings Service for Cybersecurity Industry