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Marsh McLennan to acquire Costa Rica-based broker Asprose
31st July 2023
Re/insurance brokerage Marsh McLennan has agreed to acquire ASPROSE Corredora de Seguros, S.A (Asprose), one of Costa Rica’s leading insurance brokers. The transaction, which terms have not been disclosed, is expected to close later in the third quarter of 2023. Ricardo Brockmann, CEO, Marsh McLennan, Latin America and the Caribbean, commented: “This ... Read the full article
Marsh McLennan to help Ukraine access global insurance market
22nd June 2023
Re/insurance brokerage, Marsh McLennan, has announced it will work with the Ukrainian government to help it unlock access to the global insurance market. As part of the support, the broker said it will provide services on a pro-bono basis to design and deliver a risk data platform that will allow insurers ... Read the full article
NACD and Marsh McLennan urge greater board risk oversight
22nd June 2023
The National Association of Corporate Directors, the authority on boardroom practices representing more than 23,000 directors, in partnership with Marsh McLennan, have published their Risk Committee Blueprint as part of the NACD Future of the American Board initiative. The Risk Committee Working Group is a panel of corporate board leaders from ... Read the full article
Risk transfer solutions can help businesses build protection against nature loss: Marsh McLennan
19th June 2023
Risk transfer solutions such as environmental liability and business interruption cover are emerging as vital components to help corporates build resilience against nature loss, according to Marsh McLennan recent report. As businesses face greater regulatory pressures, tightened disclosure policies, and growing financial risk exposure, it is expected these nature insurance solutions ... Read the full article
Hafize Gaye Erkan resigns from Marsh McLennan’s board of directors
15th June 2023
Marsh McLennan announced that Hafize Gaye Erkan has resigned from her position as a member of the company's Board of Directors, effective immediately. Erkan's departure comes following her recent appointment as the Governor of Türkiye's Central Bank. Erkan served as a member of the Board since early 2022. Her roles included serving on ... Read the full article
Marsh McLennan Agency acquires SOLV Risk Solutions
2nd June 2023
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of SOLV Risk Solutions, LLC. SOLV is an independent agency based in Austin, Texas. Although, the terms of the acquisition were not disclosed. SOLV was founded in 2016, it provides risk management advisory services to ... Read the full article
Marsh McLennan re-elects board of directors
19th May 2023
Insurance and reinsurance brokerage, Marsh McLennan, elected 14 directors in its annual meeting of stockholders. The meeting marked the election of the entire slate of director nominees for the 2023 term. The 14 elected directors include Anthony K. Anderson, John Q. Doyle, Hafize Gaye Erkan, Oscar Fanjul, H. Edward Hanway, Judith Hartmann, ... Read the full article
Marsh McLennan Qatar appoints Qassas as CEO
3rd May 2023
Marsh McLennan Qatar, the regional operation of the global insurance and reinsurance broking powerhouse, has appointed Asaad Qassas as its CEO. Qassas has been working with Marsh for over 13.5 years in various roles, the most recent one was Senior Vice President, UAE Country Placement Leader. Other roles include senior roles like ... Read the full article
Marsh McLennan research links cybersecurity controls and reduced cyber risk
12th April 2023
Automated hardening techniques have the greatest ability to decrease the likelihood of a successful cyberattack, recent research by global brokerage Marsh McLennan has revealed. The broker’s report - titled Using data to prioritise cybersecurity investments - found that key cybersecurity controls commonly required by cyber insurers are linked to a reduced ... Read the full article
Marsh McLennan adds two new members to Board
29th March 2023
The Board of Directors of Marsh McLennan, a leading professional services firm, has appointed both Judith Hartmann and Ray G. Young as directors, effective immediately. Following these appointments, the company’s Board now consists of 15 directors. In her most previous role, Hartmann served as Deputy CEO and Chief Financial Officer of ENGIE, ... Read the full article
Marsh McLennan India appoints Kedia as new CEO
23rd March 2023
Marsh McLennan India, the regional operation of the global insurance and reinsurance broking powerhouse, has announced Sanjay Kedia as its new CEO. Kedia will be taking over in the new role starting April 2023 and this role comes in addition to his previous role as the President of Marsh India. Marsh India ... Read the full article
Guy Carpenter’s revenue up 8% during an ‘outstanding year’ for Marsh McLennan
26th January 2023
Insurance and reinsurance brokerage, Marsh McLennan, has today reported consolidated revenue of $5 billion for Q4 and $20.7 billion for the full-year 2022, supported by solid revenue growth at its reinsurance arm, Guy Carpenter. At $5 billion, consolidated revenue in the fourth quarter of 2022 actually declined by 2% when compared ... Read the full article
Marsh McLennan Agency acquires McDonald Zaring Insurance
5th December 2022
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced the acquisition of McDonald Zaring Insurance (MZI), a US full-service agency located in Walla Walla, Washington. Terms of the acquisition were not disclosed. Founded in 1932, McDonald Zaring Insurance serves individuals and businesses across various industries and sizes, including agri-business, wineries, financial ... Read the full article
Marsh McLennan Agency acquires Focus Insurance
8th November 2022
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Focus Insurance, a personal insurance brokerage firm based in Houston, Texas. All Focus employees, including Vice President at Focus Mickie Comiskey, will be joining Marsh McLennan Agency (MMA). Comiskey said, “Joining MMA is an opportunity for us to deliver even ... Read the full article
Marsh McLennan Agency acquires Bradley Insurance
4th November 2022
Commercial insurance broker based in Tennessee, Bradley Insurance Agency, has been acquired by Marsh McLennan Agency (MMA), a subsidiary of Marsh. The terms of the acquisition have not been disclosed. According to the announcement, all Bradley Insurance employees will be joining MMA, including Kendall and Kevin Bradley who acquired the agency ... Read the full article