Reinsurance News
Marsh & McLennan Companies
Roos to succeed Reeves as CEO of Bowring Marsh Bermuda
2nd April 2025
Marsh, an insurance broker and risk advisor and a subsidiary of Marsh McLennan, has announced Lindsay Roos will succeed Christopher Reeves as CEO of Bowring Marsh Bermuda, its Bermuda-based international placement specialist, effective immediately. Reeves is to remain Chairman. In her new role, Roos will report to Adam Russell, Head of ... Read the full article
Economic risks, weather & talent shortage among top concerns for APAC businesses: Marsh, Zurich
16th December 2024
Economic headwinds and escalating climate risks are the most pressing concerns for businesses across the Asia Pacific (APAC) region, a new survey conducted by the World Economic Forum, and released in partnership with Marsh McLennan and Zurich Insurance Group, has revealed. According to the Executive Opinion Survey business leaders are increasingly ... Read the full article
Powell opts to stay at Marsh as Global Chief Claims Officer
17th January 2024
Marsh, the insurance broker and risk advisory business of Marsh McLennan, has announced that Rob Powell has resumed his role as Global Chief Claims Officer, based in London and reporting to Pat Donnelly, President, Marsh Specialty and Global Placement. In October 2023, it was announced that Powell would be leaving ... Read the full article
Insurers in Kazakhstan, Uzbekistan, Azerbaijan & Georgia create reinsurance pool: ASN News
28th December 2023
A memorandum establishing an international reinsurance facility called Turan was recently signed in the capital of Uzbekistan, Tashkent, according to a ASN News report. According to the announcement, the conference preceding the signing was attended by various heads of insurance companies, as well as representatives of regulators from Kazakhstan, Uzbekistan, Azerbaijan ... Read the full article
Rate increases persist, reflecting losses and low returns: Marsh McLennan CEO
31st January 2022
In the property and casualty (P&C) insurance market, rate increases have persisted and reflect elevated losses, low returns, concerns about inflation, and a firming reinsurance market, reported Dan Glaser, President and Chief Executive Officer (CEO) at Marsh McLennan (MMC). During the broker's Q4 earnings call, he explained that the Marsh Global ... Read the full article
Cyber is the one truly hard element of the market: GC’s Peter Hearn
22nd October 2021
Peter Hearn, Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, has asserted that the “one hard element” of the reinsurance market right now is cyber. Hearn was joined by executives from parent company Marsh McLennan (MMC) earlier this week during a call to discuss the company’s Q3 results. Guy Carpenter reported ... Read the full article
Marsh McLennan names two new General Counsels
18th May 2021
Marsh McLennan, a professional services firm in the areas of risk, has appointed Katherine Brennan as General Counsel of Marsh LLC and Connor Kuratek as Deputy General Counsel and Corporate Secretary of Marsh McLennan. Brennan will report to John Doyle, President and CEO, Marsh, and Peter Beshar, Executive Vice President and ... Read the full article
Capacity is adequate, demand is high: GC’s Peter Hearn
5th May 2021
Peter Hearn, Chief Executive Officer of reinsurance broker Guy Carpenter (GC), has maintained that, despite some moderation in pricing over Q1, reinsurance market capacity remains adequate, and demand is high. The Guy Carpenter global property catastrophe rate online index increased just under 5% at the January 1 reinsurance renewals. And similarly, for ... Read the full article
“Disruption” from Aon – WTW merger an MMC growth driver, CEO Glaser suggests
27th April 2021
Global insurance brokerage Marsh McLennan may already be benefiting from new hires and clients gained as a result of the still impending Aon and Willis Towers Watson (WTW) merger, CEO Dan Glaser suggested today. During the Marsh McLennan (MMC) first-quarter 2021 earnings call that finished just recently, CEO Dan Glaser discussed ... Read the full article
Marsh & McLennan appoints Chief Inclusion & Diversity Officer
16th February 2021
Marsh & McLennan Companies, a professional services firm in the areas of risk, strategy and people, has announced the appointment of Nzinga Shaw as Chief Inclusion & Diversity Officer, effective February 16th, 2021. Shaw recently served as Starbucks Coffee Company’s Global Chief Inclusion & Diversity Officer. In this role, she was instrumental ... Read the full article
Guy Carpenter growth buoys Marsh & McLennan results
28th January 2021
Marsh & McLennan Companies, Inc. (MMC) has reported full-year revenue growth of 3% over 2020, helped by revenue growth of 7% in its reinsurance broking arm, Guy Carpenter. MMC’s revenue for Q4 was $4.4 billion, bringing its total for the year to $17.2 billion. This compares with revenue of $4.3 billion ... Read the full article
Marsh & McLennan pledges carbon neutrality in 2021
19th January 2021
Global insurance and reinsurance broker Marsh & McLennan has announced two new commitments in its effort to combat climate change. The company has made a pledge to be carbon neutral in 2021 through the reduction of greenhouse gas emissions in its own operations and the purchase of verifiable offsets, whilst also ... Read the full article
Unemployment tops infectious diseases as main concern for business execs: WEF
8th October 2020
Unemployment has topped out infectious diseases as the main concern for business executives globally, according to a World Economic Forum survey. Fiscal crisis was the top concern in 2019 but came third in this year's survey, which included responses from business leaders in regions including East Asia and the Pacific, Eurasia, Europe, Latin ... Read the full article
MMC appoints new Chief Information & Human Resources Officers
29th September 2020
Marsh & McLennan Companies, Inc. (MMC) has announced the appointments of Paul Beswick as Senior Vice President (SVP) and Chief Information Officer and Carmen Fernandez as SVP and Chief Human Resources Officer. Taking up their new positions on January 1st, Beswick and Fernandez will report to MMC President and CEO Dan ... Read the full article
Marsh’s Dean Klisura named President of Guy Carpenter
10th September 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has appointed Dean Klisura as its new President, effective October 1st, 2020. Klisura will report to Guy Carpenter's Chief Executive Officer (CEO), Peter Hearn, and will continue to be based in New York. In this newly-created role, he takes responsibility for Guy Carpenter's ... Read the full article
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