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.
Kowell to lead Marsh Marine, Cargo and Logistics Practice, US & Canada
10th November 2023
Insurance broker Marsh has announced the appointment of Janice Kowell as Marine, Cargo and Logistics Practice Leader, US and Canada, effective immediately. Based in Portland, Oregon, she will be responsible for delivering transactional and advisory services to Marsh’s maritime, cargo and logistics clients across the US and Canada. Kowell brings over four ... Read the full article
Global political violence events reshape insurance landscape: Marsh
9th November 2023
Recent political violence events worldwide have led to significant shifts in the political violence insurance marketplace, impacting rates, limits, and terms and conditions, according to a Marsh report. The Russia-Ukraine war, tensions between Israel and Hamas, and global civil unrest have raised awareness of associated risks. In some territories, including Russia, ... Read the full article
John Donnelly named Marsh Global Head of Placement
6th November 2023
Insurance broker Marsh has announced the appointment of John Donnelly as Global Head of Placement, effective January 1, 2024. In his new role Donnelly will have global responsibility for Marsh’s retail and wholesale broking activities. He will work closely with Marsh’s regional placement leaders to advance its global placement strategy to ... Read the full article
Cyber insurance pricing decreases for first time since 2018: Marsh
1st November 2023
Globally, cyber insurance pricing decreased by 2% in Q3 of 2023, compared to a 1% increase in Q2, marking this as the first quarter to record an average decrease since the second half of 2018, according to insurance broker and risk advisor Marsh, a business of Marsh McLennan. More broadly, Marsh's ... Read the full article
Marsh to launch global cyber practice to enhance risk management
25th October 2023
Marsh, a global insurance broker and risk advisor, has announced the establishment of a comprehensive Marsh Specialty global cyber practice. This initiative integrates Marsh's extensive cyber capabilities, spanning insurance, risk intelligence, incident management, and cybersecurity on a global scale. The new practice, set to formally commence operations on January 1, 2024, will ... Read the full article
Marsh names new CEO, UK Risk Management and new CEO, UK FINPRO
24th October 2023
Insurance broker Marsh, and a business of Marsh McLennan, has announced the appointments of Beth Thurston as CEO of UK Risk Management, and Hema Mistry as CEO of the UK Financial and Professional (FINPRO) business. Thurston will report to Nick Harris, CEO of Retail, Marsh UK, and Mistry will report to ... Read the full article
Marsh Asia names Brent Clawson as Insurer Consulting Group Leader
9th October 2023
Insurance broker and risk advisor Marsh appointed Brent Clawson as Insurer Consulting Group Leader for Marsh Asia. Clawson took on the new role in September. Prior Marsh, he has over eight years of experience working at Aon. Most recently, he served as Chief Broking Officer of Asia at Aon. Clawson served as ... Read the full article
Marsh appoints Michael Pellegrini head of Specialty US and Canada
5th October 2023
Insurance broker Marsh, has announced the appointment of Michael Pellegrini as Specialty Leader for US and Canada, effective immediately. In this role, based in San Francisco, Pellegrini will oversee Marsh’s Aviation, Construction, Credit Specialties, Energy & Power, Financial and Professional Lines (FINPRO), Marine, Cargo and Logistics, and Private Equities, Mergers & ... Read the full article
Marsh to acquire Honan Insurance Group
21st August 2023
The insurance broker and risk advisor arm of Marsh McLennan, Marsh, has reached an agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd, a specialist insurance broker in the areas of corporate risk, employee benefits, and strata and real estate insurance. Terms of the acquisition, ... Read the full article
Marsh McLennan Agency acquires Philadelphia-based Graham Company
2nd August 2023
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Philadelphia, Pennsylvania-based Graham Company, a risk management consultancy and "one of the top independent insurance and employee benefits brokers in the United States." Founded in 1960, Graham Company specialises in providing business insurance, employee benefits, and surety brokerage services ... Read the full article
Marsh names Angela Duca Global Head of Credit Specialties
1st August 2023
Marsh, the world's leading insurance broker and risk advisor and a business of Marsh McLennan, has appointed Angela Duca as Global Head of Credit Specialties, Marsh Specialty. She succeeds Nick Robson, who has been named Global Chairman, Credit Specialties. Marsh confirmed that both appointments are effective immediately and both will report to ... Read the full article
Global property insurance pricing up 10% on average in Q2: Marsh
31st July 2023
Global property insurance pricing was up 10% on average in Q2 2023, the same as in Q1, according to Marsh's Global Insurance Market Index. Marsh's Index notes that average insurance pricing was relatively consistent across all regions in the quarter, driven by rate decreases for financial and professional lines and continued ... Read the full article
Marsh names Charles Williamson as CEO of Victor, Brian Hanuschak becomes Chairman
28th July 2023
Marsh, the world's leading insurance broker and risk advisor, announced the appointment of Charles Williamson as the new Chief Executive Officer (CEO) of Victor, its prominent global managing general underwriting business. Effective August 1, Williamson will succeed Brian Hanuschak, who will take on the role of Chairman of Victor. As CEO, Williamson ... Read the full article
Captive premium growth continues to trend upwards: Marsh
27th July 2023
Through a combination of various measures, the use of captive insurers is rising across the board, as risk-funding vehicles that offer numerous advantages, interest in using captives is said to be higher than ever. Within the past several years, Marsh clients formed nearly 400 new captive entities. Globally. Marsh Captive Solutions ... Read the full article
Marsh appoints Pat Donnelly as President, Marsh Specialty & Global Placement
25th July 2023
Insurance broker and risk advisor Marsh, has announced that Pat Donnelly has been appointed as President, Marsh Specialty and Global Placement, effective immediately. At the same time, Michelle Sartain will succeed Donnelly as President of Marsh US. In his new role, Donnelly will continue to be based in Chicago, where he will ... Read the full article