Marsh McLennan
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Fears relating to an economic downturn continue to dominate concerns. -
Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The practice aligns existing capabilities from Marsh Specialty and others.
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The new facility is backed by Lloyd’s syndicates and London-based international insurers.
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Commercial insurance pricing remained flat, increasing by 3% globally over the period, the same as the prior quarter.
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Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
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The office will be led by chief actuary Faisal Haddad.
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The rate-on-line index rise is the steepest uplift in 16 years.
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Marsh McLennan’s Bermuda platform issued $68.3mn in private deals last year.
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The broker put global primary property rates up 8% on average in Q4, a one point slowdown.
