Reinsurance News

Marsh news

News about Marsh, one of the world’s leading insurance brokers and part of the Marsh & McLennan group of companies.

News on Marsh’s activities in insurance markets, as a broker, originator, adviser and structurer of risk transfer transactions.

Marsh is also associated with reinsurance broker Guy Carpenter, another member of the Marsh & McLennan group.

Marsh McLennan names Doyle President & CEO as Glaser retires

26th September 2022

Global insurance and reinsurance broker Marsh McLennan has announced that John Doyle will take over from Daniel Glaser as President and Chief Executive Officer (CEO) from January 1st, 2023. Glaser is set to retire at the end of the year after leading the firm since 2013, having previously served as Marsh ... Read the full article

Marsh’s US clients now able to pay fees using carbon credits & renewable energy certificates

23rd September 2022

Leading insurance broker, Marsh has announced that US clients now have the option to pay their Marsh service fees in voluntary carbon offset credits and renewable energy certificates (RECs). The move, which is believed to be a first-of-its-kind in the financial services industry, is part of Marsh’s commitment to help accelerate ... Read the full article

Marsh & Ascot’s Ukrainian grain insurance facility now open to Lloyd’s brokers

23rd August 2022

Insurance broker Marsh and global specialty re/insurer Ascot Group have announced the first insurance placement for the new Marine Cargo and War facility. Launched earlier this month, the facility provides coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between ... Read the full article

Marsh, Liberty Specialty Markets, and AIG collaborate on re/insurance facility for hydrogen projects

23rd August 2022

Marsh has collaborated with Liberty Specialty Markets and AIG to launch a new re/insurance facility that provides capacity to green and blue hydrogen energy projects. The facility will provide up to $300m of cover per risk for the construction and start up phases of hydrogen projects globally. As well as providing ... Read the full article

Marsh Index shows moderating trend for pricing through Q2

2nd August 2022

Global commercial insurance prices increased 9% in the second quarter of 2022, down from an 11% increase in Q1, according to the latest Global Insurance Market Index by re/insurance broker Marsh. While this does represent the 19th consecutive quarter of increases, analysts note that the rate of increase continued to moderate ... Read the full article

Ascot & Marsh to provide insurance for Ukraine sea corridor

29th July 2022

Specialty re/insurance group Ascot and broker Marsh have launched a marine cargo and war facility, which will provide coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between Russia and Ukraine. Placed by Marsh, and led by Ascot, the Lloyd’s facility ... Read the full article

Guy Carpenter sees 9% revenue growth in Q2 as Marsh McLennan reports ‘another strong quarter’

21st July 2022

Consolidated revenue at Marsh McLennan increased by 7% in the second-quarter of 2022 when compared with the previous year, supported by strong growth across the business, including at Guy Carpenter, the reinsurance arm of the global brokerage. Overall, insurance and reinsurance broker Marsh McLennan has reported revenue of $5.4 billion for ... Read the full article

D&O insurers “offer better coverage to businesses with robust ESG” – Marsh

4th July 2022

Marsh has announced several enhancements to its directors and officers liability (D&O) insurance offerings that it says could enable more clients to benefit from superior environmental, social, and governance (ESG) frameworks. The company says there is now a greater willingness among D&O underwriters to recognise organisations with strong ESG ... Read the full article

Marsh launches Cyber Incident Management service for UK & EU

29th June 2022

Marsh has announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents and increase their cyber resilience. The service was first launched in the US in 2021 and is a first ... Read the full article

Beazley to offer additional capacity to ESG compliant clients

28th June 2022

Marsh has announced that specialist insurer Beazley is to offer global access to additional capacity to clients that opt in to its Environmental, Social, and Governance (ESG) Risk Rating.  Launched in March, Marsh’s ESG Risk Rating is an assessment tool that can measure an organisation’s ESG performance, ... Read the full article

Cyber insurance pricing rises amidst multiple factors – Marsh

14th June 2022

The latest UK Cyber Insurance Trends Report from Marsh states that pricing in the sector rose quickly in Q3 and Q4 2021, while the market focuses on addressing systemic risk. However, Marsh said that efforts to tackle this through exclusionary language have caused frustration for clients, while the ongoing war that ... Read the full article

Marsh appoints Andrew Fiscella and John Umbach as SPAC co-leaders

13th June 2022

Marsh has appointed Andrew Fiscella and John Umbach as SPAC co-leaders within its US financial and professional liability practice, effective immediately. In this dual leadership role, Fiscella and Umbach will be responsible for leading a team of risk specialists in helping SPAC clients identify risks, customise programs, and secure directors and ... Read the full article

Cyber risk confidence stagnating, says new Marsh report

30th May 2022

Confidence in being able to manage cyber risk has not improved in the last two years, according to a new report from Marsh. The report, The State of Cyber Resilience, questioned over 660 cyber risk decision makers globally and analyses how cyber risk is viewed by various functions and executives ... Read the full article

Apollo claims European first for autonomous vehicle insurance

27th May 2022

Apollo Group has provided a first of its kind insurance solution for Europe’s first zero-occupancy on-road autonomous vehicle journey, completed by autonomous vehicle software company, Oxbotica. This marks not only a European first for Oxford and Toronto based Oxbotica, but also a first of its kind UK insurance solution created specifically ... Read the full article

Marsh names Global Political Risk & Structured Credit Leader

24th May 2022

Re/insurance broker Marsh has announced the appointment of Rob Perry as Global Political Risk & Structured Credit Leader, Marsh Specialty, effective July 1. Based in London, he will oversee the development of Marsh Specialty’s political risk and structured credit capabilities globally, reporting to Nick Robson, Global Leader, Credit Specialties, Marsh Specialty. Perry ... Read the full article