Reinsurance News
Marsh McLennan
Chubb and Marsh McLennan CEOs call for urgent litigation reform in the US
10th July 2025
In a recent op-ed in the Wall Street Journal, Chubb’s CEO Evan Greenberg and Marsh McLennan’s CEO John Doyle highlight the urgent need for litigation reform, particularly third party litigation funding. The piece argues that this funding mechanism has transformed tort litigation into an investment scheme, driving up insurance costs for ... Read the full article
Oliver Wyman to acquire Validate Health, expanding healthcare analytics capabilities
26th June 2025
Oliver Wyman, a management consulting firm and part of Marsh McLennan, has announced an agreement to acquire Validate Health, a healthcare analytics company that supports healthcare providers and Accountable Care Organisations (ACOs) in improving cost management, risk assessment, and operational performance. Financial details of the transaction, which is expected to close ... Read the full article
Marsh McLennan stockholders re-elect full slate of Board of Directors
16th May 2025
Marsh McLennan, a global insurance and reinsurance broker, has elected the entire slate of 2025 director nominees at its 2025 Annual Meeting of Stockholders. The eleven members have been elected for a one-year term expiring at next year’s annual meeting, with the exception of Oscar Fanjul. Fanjul is retiring from the Board ... Read the full article
Guy Carpenter CEO expects continuation of 1.4 trend at mid-year renewals
17th April 2025
Speaking during Marsh McLennan's Q1 2025 earnings call this afternoon, Dean Klisura, CEO of reinsurance broker Guy Carpenter, provided an outlook for the mid-year reinsurance renewals. Klisura indicated that he expects the trends seen during the January 1 and April 1 renewals to continue into the June 1 ... Read the full article
Guy Carpenter’s revenue up 5% to $1.2bn in Q1’25
17th April 2025
Global broking group Marsh McLennan's reinsurance arm, Guy Carpenter, saw its revenue increase in the first quarter of 2025 to $1.2 billion, as total revenue within the Risk & Insurance Services segment rose 11%. Guy Carpenter's revenue increased by 5% year on year on both a GAAP and underlying basis and ... Read the full article
Marsh McLennan Agency expands with acquisition of Arthur Hall Insurance
3rd April 2025
Marsh McLennan Agency (MMA), a division of Marsh and a provider of business insurance, employee benefits, retirement and wealth services, and private client insurance across the US and Canada, has acquired Arthur Hall Insurance, an insurance agency based in West Chester, Pennsylvania, with financial details of the acquisition not disclosed. Founded ... Read the full article
Marsh enhances Fast Track facility, increasing capacity for clients
20th February 2025
Marsh, an insurance broker and risk advisor under Marsh McLennan, has announced an expansion of its Fast Track facility, increasing available capacity for clients. Starting March 1, 2025, clients will have access to up to 10% automatic capacity across property, casualty, and specialty risk portfolios. Fast Track is available worldwide through ... Read the full article
Marsh McLennan’s Mercer to acquire SECOR Asset Management
19th February 2025
Mercer, a business of Marsh McLennan, has announced it is to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. Terms of the transaction, which are subject to regulatory approvals and client consents, were not disclosed. The acquisition is expected to close in the second quarter of ... Read the full article
UK captive regime requires flexibility, scope, and speed of licensing: Lay, MMC
11th February 2025
As the UK government consultation period concerning a potential new approach to captive insurers, aimed at enhancing the competitiveness of the UK insurance sector, comes to an end, Chris Lay, UK Chief Executive Officer (CEO) at global re/insurance broker Marsh McLennan (MMC), has called for the establishment of an effective, ... Read the full article
Marsh McLennan appoints Sofia Gardefjord as COO of Nordics
4th February 2025
Global insurance and reinsurance broker Marsh McLennan has appointed Sofia Gardefjord as Chief Commercial Officer (CCO) for the Nordics. In this role, Gardefjord will focus on advancing commercial initiatives, strengthening client relationships across the Nordics, and fostering collaboration among Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Gardefjord brings 15 years of experience ... Read the full article
No market hysteria but LA wildfire loss could temper reinsurance rate reductions seen at Jan 1: MMC
30th January 2025
Executives at global broking group Marsh McLennan (MMC) said today that although it's too early to tell exactly what impact the recent Los Angeles, California wildfires will have on the property market, moving forward, the magnitude of industry loss could temper risk-adjusted reinsurance rate reductions witnessed at the January 1st ... Read the full article
Guy Carpenter completes acquisition of Athens-based Carpenter Turner
7th January 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has completed its previously announced acquisition of the remaining 51.5% of Carpenter Turner, an Athens-based reinsurance broking and advisory business. Now operating as Guy Carpenter Greece, the business will reportedly deliver the global risk and reinsurance specialist's comprehensive range of global ... Read the full article
Marsh McLennan Agency acquires Acumen Solutions Group to expand insurance services
3rd January 2025
Marsh McLennan Agency (MMA), a division of Marsh offering insurance and financial services across North America, has acquired Melville, New York-based full-service insurance agency Acumen Solutions Group LLC, with terms of the deal undisclosed. Founded in 2012, Acumen specialises in offering tailored insurance solutions for businesses and individuals, with a focus ... Read the full article
Marsh McLennan completes $7.75bn acquisition of McGriff
18th November 2024
Marsh McLennan has completed its acquisition of insurance broking and risk management services provider McGriff Insurance Services, LLC. Founded in 1886, McGriff provides commercial P&C insurance, surety, employee benefits, and personal lines insurance solutions to businesses and individuals across the US. Marsh McLennan initially announced this acquisition in September, stating ... Read the full article
Carlos Rivera named CEO of Marsh McLennan LAC and President of Marsh LAC
31st October 2024
Marsh McLennan, a global insurance and reinsurance broker, has announced the appointment of Carlos Rivera as CEO, Marsh McLennan Latin America and the Caribbean (LAC) and President, Marsh LAC, effective January 1, 2025. Based in Bogotá, Colombia, Rivera will report to Flavio Piccolomini, CEO of Marsh McLennan International. He succeeds Ricardo Brockmann, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
