Marsh McLennan
-
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.
-
The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
-
The practice aligns existing capabilities from Marsh Specialty and others.
-
The new facility is backed by Lloyd’s syndicates and London-based international insurers.
-
Commercial insurance pricing remained flat, increasing by 3% globally over the period, the same as the prior quarter.
-
Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
-
The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
-
The office will be led by chief actuary Faisal Haddad.
-
The rate-on-line index rise is the steepest uplift in 16 years.
-
Marsh McLennan’s Bermuda platform issued $68.3mn in private deals last year.
-
The broker put global primary property rates up 8% on average in Q4, a one point slowdown.
-
The broker and ratings agency AM Best said total deployed capital grew 2.7% in 2021.
-
Finpro pricing is still soaring due to cyber ransomware claims and continued D&O pressure.
-
Year-to-date lite and private cat bond placements total $220mn, up 30% from last September.
-
The new follow-only syndicate has worked with Google Cloud to develop a digital offering.
-
Establishing federal backing would allow insurers to cede risk to central government.
-
The policy would have likely paid out due to the coronavirus crisis.
-
Howard left JLT in 2019 following Marsh & McLennan’s takeover.
-
Ellis will be replaced by Michael Rouse, who has been promoted to lead its property practice.
-
Chris Demuth was previously a vice president at JLT Capital Markets.
-
Keith Harrison has resigned from the merged reinsurance business at Guy Carpenter following the paying-out of retention bonuses last week.
-
The division will be led by former Guy Carpenter executives.
-
The JLT index is below levels recorded in 2016 and around 30 percent below 2013 benchmarks.
