Reinsurance News

Marsh McLennan

MMC urges public-private collaboration to strengthen UK resilience

5th November 2021

A new report by international re/insurance brokerage Marsh McLennan (MMC) has examined the opportunities for stronger interactions between the public and private sectors to strengthen the UK’s ability to anticipate and respond to strategic risks and crises. Partnering with Purpose, a new report for the National Preparedness Commission, recommends a fresh ... Read the full article

Marsh clients to receive preferred D&O coverage on ESG-related exposures

25th October 2021

Global insurance and reinsurance broker Marsh has revealed a new directors and officers liability (D&O) insurance initiative that will recognize U.S. clients with superior environmental, social, and governance (ESG) frameworks. Marsh's clients will work with international law firms including Norton Rose Fulbright and Orrick, Herrington & Sutcliffe LLP to independently review, ... Read the full article

Guy Carpenter’s underlying revenue up 15% as Marsh hails outstanding quarter

21st October 2021

Reinsurance broker Guy Carpenter has reported a 15% rise in underlying revenue to $314 million for the third quarter of 2021, as its parent Marsh McLennan delivered impressive year-on-year growth. Buoyed by revenue growth across the business, global insurance and reinsurance brokerage Marsh McLennan has reported an increase in underlying revenue ... Read the full article

Marsh McLennan launches Flood Risk Index

7th September 2021

Marsh McLennan has launched its Flood Risk Index to help governments and organisations better assess their exposure and vulnerability to more frequent and severe flooding. The Flood Risk Index sets out the potential impact of flooding on populations and economic assets in 188 countries. It analyses the risk on a country-by-country basis, ... Read the full article

Guy Carpenter’s revenue rises to $488m in Q2 as MMC reports higher income

22nd July 2021

International insurance brokerage, Marsh McLennan (MMC), saw its consolidated revenue rise to $5 billion in the second-quarter of 2021, supported by an increase in revenue at its reinsurance arm, Guy Carpenter. For Q2 2021, MMC's consolidated revenue spiked by 20% when compared with the prior year period and, on an underlying ... Read the full article

Marsh McLennan appoints Studer as President & CEO of Oliver Wyman

1st June 2021

Marsh McLennan has named Nick Studer as the new President and Chief Executive Officer (CEO) of international management consulting firm, Oliver Wyman Group, effective July 1st, 2021. Studer, who takes over from Scott McDonald, will also become a Vice Chair of Marsh McLennan and join the firm's Executive Committee. In his new ... Read the full article