Reinsurance News
Marsh news
News about Marsh, one of the world’s leading insurance brokers and part of the Marsh & McLennan group of companies.
News on Marsh’s activities in insurance markets, as a broker, originator, adviser and structurer of risk transfer transactions.
Marsh is also associated with reinsurance broker Guy Carpenter, another member of the Marsh & McLennan group.
Marsh adds Tom Colraine to Board as Non-Exec Director
24th September 2018
Global insurance and reinsurance broker Marsh has appointed Tom Colraine as a Non-Executive independent member of its Board of Directors. Colraine has held many senior positions in the re/insurance sector throughout his career, including as Chief Operating Officer (COO) and Chief Financial Officer (CFO) of AIG Europe from 2009-2014. He also served ... Read the full article
Marsh appoints Alistair Fraser as CEO for UK Corporate
20th September 2018
Global insurance and reinsurance broker Marsh has appointed Alistair Fraser as Chief Executive Officer (CEO) of its UK Corporate division, replacing Joe Grogan who has been named as Chairman of Marsh Ireland. Fraser, who currently serves as CEO & President Director of Marsh Indonesia, will assume overall responsibility for Marsh’s Corporate ... Read the full article
Marsh & Mclennan acquires JLT for $5.6 billion
18th September 2018
Major mergers & acquisitions news breaking this morning, as it has been announced that broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) is to acquire Jardine Lloyd Thompson Group plc for $5.6 billion. The acquisition sees another of the mid-sized global insurance and reinsurance brokers going to a new ... Read the full article
Marsh names Andrew Hickman as Head of Data Science
29th August 2018
Global insurance and reinsurance broker Marsh has appointed Andrew Hickman to the newly created role of Global Head of Data Science within its broader Digital, Data, and Analytics Practice. Hickman will now be responsible for advancing Marsh’s risk modelling and actuarial capabilities to drive new client solutions, building external data and ... Read the full article
Marsh develops new professional indemnity solution for UK law firms
15th August 2018
Global re/insurance broker Marsh has launched a new insurance solution designed to help small and mid-sized law firms in England and Wales manage their professional indemnity (PI) risks. Available exclusively to Marsh clients, the solution uses analytics and independent performance data to model a firm's individual risk profile and provide tailored ... Read the full article
Marsh appoints new Client Advisory Services leaders for UK and International
13th August 2018
Insurance and reinsurance broker Marsh has appointed Giampaolo Scarso to the newly created role of Client Advisory Services (CAS) Leader for its International division and Charlie Netherton as CAS Leader for UK & Ireland. CAS is focused on delivering strategic advisory services, and includes Marsh’s global risk consulting, analytics, captive management, ... Read the full article
Global insurance pricing up again in Q2: Marsh
8th August 2018
Insurance and reinsurance broker Marsh's latest Global Insurance Market Index, reveals that global commercial insurance rates increased, on average, for the third consecutive quarter in the second-quarter of 2018, with property and financial and professional (FinPro) lines driving increases, once again. Marsh notes that overall, the global insurance market remained stable ... Read the full article
Marsh completes purchase of Wortham Insurance
2nd August 2018
Global insurance and reinsurance broker Marsh has completed its previously announced acquisition of Houston-based independent insurance brokerage Wortham Insurance. Marsh originally announced in June 2018 that it planned to acquire the Texan broker, which has 530 colleagues based across its offices in Austin, Dallas, Fort Worth, Houston, and San Antonio, ... Read the full article
Marsh names Kevin Richards as Global Head of Cyber Risk Consulting
10th July 2018
Global insurance and reinsurance broker Marsh has appointed Kevin Richards to the newly-created position of Global Head of Cyber Risk Consulting. Richards will be tasked with leading the strategic development and delivery of Marsh’s cyber risk consulting business worldwide, and will work closely with the company's regional and local cyber risk ... Read the full article
Marsh expands Texas operations with Wortham Insurance acquisition
25th June 2018
Global insurance and reinsurance broker Marsh has announced that it will acquire Houston-based independent insurance brokerage, Wortham Insurance. An agreement has now been reached between the two companies and the deal is expected to close in the third-quarter of this year, although terms of the transaction were not disclosed. Wortham has over ... Read the full article
Parametric re/insurance potential in commercial risks highlighted
21st June 2018
A new report from Airmic in collaboration with reinsurance giant Swiss Re's commercial insurance arm and insurance and reinsurance brokerage Marsh, highlights the potential for parametric re/insurance solutions to become more mainstream in the commercial space. Parametric insurance remains more common place in the alternative reinsurance, or insurance-linked securities (ILS) sector, ... Read the full article
Increasing number of firms using captives to finance emerging risks: Marsh
5th June 2018
Leading insurance broker and risk management solutions firm, Marsh & McLennan, has released a report that reveals captive insurance vehicles’ growing popularity among risk managers seeking alternative ways to finance emerging risks. 1,100 captives managed by Marsh Captive Solutions globally were examined by Marsh’s 2018 Captive Landscape Report. The study found a ... Read the full article
Property & FinPro lines drive commercial rate increases in Q1: Marsh
18th May 2018
Following over four years of consecutive quarterly declines, global commercial insurance prices increased, on average, during the first-quarter of 2018, according to broker Marsh's Global Insurance Market Index. The majority of regions showed either moderate increase in average prices during Q1, or a slowdown in the pace of declines, driven largely ... Read the full article
Munich Re and Marsh collaborate on pandemic risk solution
18th May 2018
Munich Re and re/insurance broker Marsh have collaborated on a new pandemic risk insurance solution in conjunction with health analytics firm Metabiota, which aims to protect U.S-based businesses from outbreaks of infectious disease. The new solution, called PathogenRX, will use triggers like Metabiota’s new Pathogen Sentiment Index to help businesses more ... Read the full article
Marsh and Validus collaborate on new U.S fintech policy
3rd May 2018
Re/insurance broker and risk management firm Marsh has collaborated with Validus Specialty, an underwriter of professional liability solutions, to develop FINTECH Protect, a financial and professional re/insurance solution that manages the growing risks of U.S-based fintech companies. Unlike traditional forms of re/insurance for financial and technology industries, FINTECH Protect offers comprehensive ... Read the full article
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