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Aon names Marsh McLennan’s Ryan Barber as Global Head of Property, Commercial Risk
22nd May 2024
Global re/insurance broker Aon has appointed Ryan Barber as the Global Head of Property for Commercial Risk, effective June 24th, 2024, to further advance the firm’s Risk Capital strategy. In this new role, Barber's remit will include leading Aon’s global property practice, he will report to Cynthia Beveridge, Global Chief Broking ... Read the full article
Anne Rappa appointed Fine Arts and Specie Leader at Marsh McLennan Agency
17th May 2024
Marsh McLennan Agency, part of global insurance and reinsurance brokerage Marsh McLennan, has announced the appointment of Anne Rappa as the Fine Arts and Specie Leader, effective May 20. In this newly established role, Rappa will spearhead the development and implementation of customised solutions aimed at safeguarding clients' valuable assets against ... Read the full article
Marsh McLennan Agency acquires commercial lines brokerage, AC Risk Management
2nd May 2024
Marsh McLennan Agency, a subsidiary of Marsh, has acquired AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York. Established in 2012, ACRM essentially offers property & casualty insurance to businesses in the region, with a particular focus on the construction industry. According to the announcement, all ACRM ... Read the full article
Marsh McLennan Agency to acquire Fisher Brown Bottrell Insurance in $345m deal
25th April 2024
Marsh McLennan Agency, a subsidiary of Marsh, has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank, in a $345 million all-cash deal that values FBBINSURANCE at almost six times its 2023 revenue and 28 times its latest net income. Established in 1936, ... Read the full article
Marsh McLennan Agency expects stable commercial property reinsurance market in 2024
18th March 2024
Marsh McLennan Agency (MMA), part of the global insurance and reinsurance broker, has released its 2024 Commercial Property Insurance Trends report, highlighting a more balanced reinsurance market this year compared to the harsh conditions of 2023. According to MMA, "In 2023, the industry witnessed the toughest property reinsurance market in decades." This ... Read the full article
Marsh McLennan Agency completes acquisitions of Q&N and Louisiana Companies
5th March 2024
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. With the closing of these acquisitions, MMA said that it has doubled its presence in Louisiana. Kevin Briggs, who was President and COO of Louisiana ... Read the full article
Marsh McLennan, Lloyd’s backed Unity expands coverage to boost Ukrainian economy
1st March 2024
Marsh McLennan, a re/insurance broker, in collaboration with the Ukrainian government and Lloyd’s, announced the expansion of its Unity insurance facility (Unity) to now cover war risk insurance for ships carrying all non-military cargo. Initially launched in November 2023 to provide affordable war risk insurance for grain shipments and other ... Read the full article
Marsh McLennan appoints David Liston as Chief Commercial Officer, US & Canada
1st March 2024
Global insurance and reinsurance broking group Marsh McLennan has appointed David Liston as the Chief Commercial Officer (CCO), US and Canada, effective immediately. He will have a dual line of reporting to Pat Tomlinson, Chief Executive Officer, Marsh McLennan US and Canada and President of Mercer, and Hans van Heukelum, Global ... Read the full article
Marsh McLennan Agency to acquire Querbes & Nelson and Louisiana Companies
21st February 2024
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. According to the firm, upon closing of the transactions, Louisiana Companies and Q&N’s employees, including George Nelson, Managing Director and Co-owner of Louisiana Companies and Q&N; Mike ... Read the full article
Marsh McLennan and Oliver Wyman launch Generative AI tool, LenAI
22nd November 2023
Global professional services firm Marsh McLennan, along with its renowned management consulting business, Oliver Wyman, has unveiled a cutting-edge Generative AI tool named LenAI. Developed by Marsh McLennan’s Dublin Innovation Center in collaboration with Oliver Wyman Digital, LenAI is poised to revolutionise the work experience for the company's 85,000 colleagues worldwide, ... Read the full article
Marsh McLennan collaborates with Ukraine to provide insurance for Black Sea grain shipments
15th November 2023
Marsh McLennan, in collaboration with the Ukrainian government, the Export Credit Agency of Ukraine, Ukreximbank, Ukrgasbank and DZ Bank, has launched a new facility named 'Unity' to provide "affordable insurance supporting the export of grain and other critical food supplies globally from Ukraine’s Black Sea ports." Underwritten by insurers based at ... Read the full article
Marsh McLennan names Susan Potter US and Canada Commercial Officer
3rd November 2023
Marsh McLennan appointed Susan Potter as the US and Canada Commercial Officer, effective immediately. Potter will take on this crucial role with the mission of driving client-centric initiatives that enhance Marsh McLennan's ability to meet the evolving needs of clients in the US and Canada, the company said. She will collaborate closely ... Read the full article
Marsh McLennan names Pat Tomlinson as President of Mercer
12th October 2023
Marsh McLennan has appointed Pat Tomlinson as the President of Mercer, a key division of the global insurance and reinsurance broker. In this newly assumed role, Tomlinson will report to Martine Ferland, who continues to serve as Mercer CEO and Vice Chair of Marsh McLennan. Ferland will oversee Mercer's regional leadership until ... Read the full article
Ukraine launches Marsh McLennan-supported war risk data platform
12th October 2023
Ukraine has activated a data platform, supported by Marsh McLennan, that will allow insurers, investors and governments to analyse war risks in the country. Re/insurance brokerage Marsh McLennan supported the Government of Ukraine in designing and testing the platform to help in the nation’s recovery and transformation. The data platform brings together ... Read the full article
Guy Carpenter & Marsh McLennan report debunks cyber-stock market correlation fears for ILS investors
13th September 2023
In a collaborative effort, Guy Carpenter and Marsh McLennan's Cyber Risk Intelligence Center have released a comprehensive report addressing concerns by insurance-linked securities (ILS) investors regarding the potential correlation between major cyber events and the performance of the stock market. Titled "Double Whammy? Examining the Correlation Between Major Cyber Events and ... Read the full article