Reinsurance News
Marsh & McLennan Companies
MMC urges U.S Senate to renew terrorism risk insurance act
19th June 2019
Tarique Nageer, Property Terrorism Placement and Advisory Leader at Marsh, a Marsh & McLennan firm, has testified before a U.S Senate Committee to highlight the importance of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). Nageer urged members of the Committee on Banking, Housing and Urban Affairs to renew the Act, ... Read the full article
The risk transfer industry has never been so important: Dan Glaser, Marsh
13th June 2019
The President and Chief Executive Officer (CEO) of Marsh & McLennan (MMC), Dan Glaser, believes that the risk transfer industry has never been so important or relevant. Addressing delegates at the opening of the MMC Rising Professionals Forum 2019 in London, Glaser stressed that there is no better time to be ... Read the full article
MMC highlights importance of tech in fast-changing environment
13th June 2019
Participants across the risk transfer value chain must harness new technologies and adapt to the evolving operating landscape in order to meet client needs and remain relevant. This is according to Marsh & McLennan Companies (MMC) President and Chief Executive Officer (CEO), Dan Glaser and Victoria Carter, Chairman of Global Capital ... Read the full article
MMC JLT integration could affect near-term organic growth: Dan Glaser
25th April 2019
The ongoing efforts to fully integrate the Jardine Lloyd Thompson (JLT) business within broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) could mean a near-term hit to organic growth, MMC CEO Dan Glaser said today. MMC's acquisition of JLT completed on April 1st, meaning the mission to bring ... Read the full article
MMC results reflect strong revenue growth for Marsh & Guy Carpenter
25th April 2019
Broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) has released its results for the first quarter of 2019, posting underlying revenue growth of 4%, buoyed by the performance of its re/insurance broking subsidiaries, Marsh and Guy Carpenter. MMC’s consolidated revenue in the first quarter of 2019 was $4.1 billion, ... Read the full article
Marsh & McLennan finalises JLT acquisition
1st April 2019
Marsh & McLennan Companies, Inc. (MMC) has announced the completion of its acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value. The deal, first announced in September 2018, is expected to boost MMC’s position in insurance and reinsurance broking, health and retirement. It will ... Read the full article
European Commission clears Marsh-JLT takeover
25th March 2019
The previously-announced acquisition of Jardine Lloyd Thompson (JLT) by Marsh & McLennan Companies (MMC) has been approved by the European Commission. The Commission examined the proposed deal’s effect on competition in markets where the two companies' activities overlap. This includes the supply of insurance broking services for specialty sectors - such as ... Read the full article
Marsh & McLennan expands Florida presence with Bouchard acquisition
23rd January 2019
Marsh & McLennan Agency LLC, a subsidiary of global insurance and reinsurance broker Marsh, has announced that it is to acquire Florida domiciled full-service agency, Bouchard Insurance. Terms of the transaction were not disclosed, but it's been reported that the deal is expected to close later this month. Bouchard Insurance has dedicated ... Read the full article
MMC names Portalatin Vice Chair, Ferland becomes Mercer CEO
17th January 2019
In the wake of its $5.6 billion acquisition of Jardine Lloyd Thompson (JLT) Group, broking and advisory giant Marsh & McLennan Companies (MMC) has announced the appointment of Martine Ferland as President and Chief Executive Officer of its global consulting subsidiary Mercer, effective 1 March 2019. Ferland replaces Julio Portalatin, who served ... Read the full article
Marsh has placed more than 15,000 risks through the PPL
14th January 2019
Global insurance and reinsurance broker Marsh has announced that in 2018, it had placed more than 10,000 risks through the London Market Group's (LMG) electronic placement platform, Placing Platform Limited (PPL). In total, Marsh has now placed more than 15,000 risks on the electronic platform, which is used by the Lloyd's ... Read the full article
P&C capital growth may reflect favourable industry expectations: Guy Carpenter
11th January 2019
Despite subpar underwriting returns, the property and casualty industry increased its capital position by $81 billion between 2014 and 2017, a growth which broker Guy Carpenter believes may be a sign that management teams expect favourable conditions ahead and want capital ready to deploy into new endeavors to grow their businesses. In ... Read the full article
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
Guy Carpenter names JLT Re’s Ross Howard as Vice Chairman
21st November 2018
Reinsurance brokerage Guy Carpenter has appointed Ross Howard, currently the Chairman of JLT Re, to become Vice Chairman of the firm, as the integration between JLT and MMC continues following the acquisition. The acquisition of Jardine Lloyd Thompson Group (JLT) by broking and advisory giant Marsh & McLennan Companies, Inc. ... Read the full article
MMC acquisition approved by JLT shareholders
7th November 2018
The shareholders of broker Jardine Lloyd Thompson Group plc have overwhelmingly voted in favour of the firms acquisition by broking and advisory giant Marsh & McLennan Companies, Inc. (MMC). Demonstrating just how much support there was for the acquisition deal, of the shares voted, 99.9% voted in favor of the transaction, ... Read the full article
Guy Carpenter Q3 underlying revenue up 11%, MMC up 3% at $1.6bn
25th October 2018
Guy Carpenter, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, recorded $215 million of revenue in the third quarter, an 11% increase on an underlying basis, according to MMC's Q3 2018 results. For the nine months ended 30 September, Guy Carpenter's underlying revenue growth was 7%. Meanwhile, MMC's ... Read the full article
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