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Marsh & McLennan issues $5bn senior debt to fund JLT acquisition
9th January 2019
Broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) has outlined plans to issue $5 billion of senior debt to fund its previously announced $5.6 billion acquisition of Jardine Lloyd Thompson Group (JLT). The offering consists of six tranches of senior notes with maturities of up to 30 years. MMC stated ... 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 & McLennan Agency announces hire of new President and COO
1st August 2017
Marsh & McLennan Agency (MAA) has expanded its executive team with the appointment of Bill Jeatran to President and Christina Mott to Chief Operating Officer. Jeatran and Mott will be reporting to Chairman and CEO of MMA David Eslick. Jeatran succeeds Ben Allen who has left the firm; as President he'll develop the ... Read the full article
Marsh announces launch of new Tax Investment Default Insurance solution
15th May 2024
Marsh, an international insurance broker and Marsh McLennan business, has launched its Tax Investment Default Insurance, created to enable more US clean energy investments Described as a first-of-its-kind solution, the new product was designed to expand the pool of capital available to invest in federal tax credits tied to renewable energy ... Read the full article
Marsh launches tailored insurance solution for EU crypto-asset providers
8th May 2024
Marsh, the insurance broking division of Marsh McLennan, has launched MiCAssure, a tailored insurance solution for crypto-asset service providers within the European Union (EU). This innovative insurance offering is designed for EU-based crypto-asset service providers such as custodians, exchanges, and administrators, who must comply with the forthcoming Markets in Crypto-Assets Regulation ... Read the full article
Marsh names Christophe Letondot as leader of new Global Alternative Risk Solutions practice
25th April 2024
Marsh, the insurance broking division of Marsh McLennan, has established a new unit which combines its expertise and strategy in parametrics, alternative risk transfer, captives, and complex risk under a single practice, called Global Alternative Risk Solutions. The new practice will be led by Christophe Letondot, an experienced financial services professional ... Read the full article
Insurance pricing continues to moderate while rates decline in majority of regions, says Marsh
24th April 2024
Global commercial insurance rates climbed 1% in the first quarter of 2024, down from the 2% increase that was seen in the fourth quarter of 2023, according to the Global Insurance Market Index released by insurance broker and risk advisor and a business of Marsh McLennan, Marsh. Rates continued to be ... Read the full article
Marsh launches facility offering up to $825m coverage for digital asset custodians
26th March 2024
Marsh, the insurance broker and risk advisor subsidiary of Marsh McLennan, has launched a new global insurance facility providing coverage up to $825 million for digital asset custodians. Developed by Marsh Specialty’s Digital Asset team, this facility is designed to assist organisations storing digital assets offline, as well as those utilising ... Read the full article
Marsh reports 30% increase in transactional risk claims in 2023
26th March 2024
Marsh, the insurance broker and risk advisor subsidiary of Marsh McLennan, has reported that despite the slowest annual period for US dealmaking in six years, its North America team successfully placed 1,046 transactional risk policies. The broker's clients in North America reported 240 transactional risk claims in 2023, representing a 30% ... Read the full article
Marsh unveils cyber group captive for clients seeking more insurance stability
25th March 2024
Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has unveiled Edgware Re Ltd., a group captive insurance company that has been created for organisations "seeking more control and stability in their cyber insurance programs." Based in Bermuda, Edgware Re is a cyber-only group captive that will only transact ... Read the full article
Marsh hires Koen van Leuven as Marine Broking Director, Netherlands
14th March 2024
Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has appointed Koen van Leuven as the Marine Broking Director, Marsh Netherlands. Based in Rotterdam, van Leuven is anticipated to join Marsh in the summer of 2024 and will report to Ivo Wansink, Specialty and Placement Leader, Marsh Netherlands, and ... Read the full article
Marsh’s D&O Echo Facility providing clients up to $75m of D&O insurance capacity
15th February 2024
Insurance broker and risk advisor and a business of Marsh McLennan, Marsh, has confirmed that its directors & officers (D&O) Echo facility is now offering clients with enhanced D&O insurance protection, which is being done in order to provide significant financial stability amid continued volatile market conditions and swaying insurance ... Read the full article
Marsh unveils next phase in rollout of its London market digital trading initiative
13th February 2024
Marsh, the insurance broker and risk advising arm of Marsh McLennan, has announced the next phase in the rollout of its digital trading initiative for risks placed in the London insurance market, following a successful pilot in 2023. During the pilot, over $400 million of premium was traded, and Marsh is ... Read the full article
Shannan Fort appointed International Cyber Product Leader, Marsh Specialty
8th February 2024
Insurance broker and risk advisor and business of Marsh McLennan, Marsh, has hired Shannan Fort as International Cyber Product Leader, Marsh Specialty, where she will report to Gregory Eskins, Global Cyber Insurance Center Leader, and Kelly Butler, UK Cyber Leader, Marsh Specialty. Fort's appointment is effective April 1, 2024, and she ... Read the full article
Marsh names Lorraine Stack as Risk Management Leader, Europe
6th February 2024
Marsh, the insurance broker and risk advising arm of Marsh McLennan, has appointed Lorraine Stack as the Risk Management Leader, Europe, effective immediately. Stack's remit in the new role at Marsh will include responsibility for the portfolio of its largest European clients, supporting them in managing their risk and insurance programmes. She ... Read the full article