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 partners with Unqork on placement, policy management platform

24th February 2021

Re/insurance broker Marsh has partnered with software firm Unqork on a new digital platform designed to streamline insurance placement and policy management services in the US. The platform will aim to create a digital workspace where Marsh's brokers and the insurers they work with can quickly perform key placement and policy ... Read the full article

Global Risk Partners to acquire Marsh’s UK Networks operation

18th February 2021

Lloyd’s of London broker Global Risk Partners (GRP) has reached an agreement to acquire Marsh's UK Networks business, which consists of Marsh ProBroker, Bluefin Network and Purple Partnership. The agreement, which remains subject to regulatory approval, is expected to close by the second-quarter of 2021 and also includes the acquisition of ... Read the full article

Marsh promotes Ankur Kacker to UK Digital Asset Leader

12th February 2021

Global insurance brokerage Marsh has named Ankur Kacker as UK Digital Asset Leader in the Financial & Professional (FINPRO) Practice of Marsh JLT Specialty, based in London. In his new role, Kacker will report to Philip Turner, Specie Practice Leader and takes on responsibility for the development of new insurance solutions ... Read the full article

Commercial insurance prices up 22% in Q4: Marsh

4th February 2021

New data from broker Marsh shows that global commercial insurance prices increased by 22% in the fourth quarter of 2020. The increase was the largest recorded since Marsh first released its Global Insurance Market Index in 2012, and follows year-on-year average increases of 20% in the third quarter of 2020 and ... Read the full article

Marsh UK appoints Tom Colraine as Chairman

19th January 2021

Marsh UK, a division of global insurance brokerage Marsh, has appointed Tom Colraine, who has been a non-executive director of the business since 2018, as Chairman, succeeding Jane Barker. Colraine has experience as a non-executive director, including as Chair of Hastings Group Holdings and the Compre Group, as well as chairing ... Read the full article

Marsh launches UK sharing economy, mobility group

11th January 2021

Insurance broker and risk advisor Marsh has launched a dedicated Sharing Economy & Mobility (SE&M) industry group in the UK & Ireland. The group is led by Sam Tiltman and brings together over 25 sector specialists encompassing insurance placement and risk management disciplines from across the business. The group will support all ... Read the full article

Marsh names Phil Hobson affinity leader, international division

21st December 2020

Global insurance and reinsurance broker Marsh has appointed Phil Hobson as affinity leader within its international division, a newly created role. Hobson will oversee the development of Marsh’s affinity business across the international division, comprising Africa, Asia, Continental Europe, Latin America & the Caribbean, Middle East and North Africa, Pacific, and ... Read the full article

Marsh & McLennan Agency acquires INSPRO

4th December 2020

Marsh's marketing agency subsidiary, Marsh & McLennan Agency, has acquired INSPRO, an independent agency in Nebraska. INSPRO was first established over 8 years ago and provides business insurance, employee benefits, and personal lines insurance services to individuals, families, and SME’s throughout the region. INSPRO’s 138 colleagues will join MMA and continue to ... Read the full article

Roberts appointed renewable energy leader within Marsh JLT Specialty

19th November 2020

Marsh has announced the appointment of Hamish Roberts as Global Renewable Energy Leader, Marsh JLT Specialty. Effective 1 January, Roberts will continue to be based in London and will report to Andrew George, Global Head, Energy & Power, Marsh JLT Specialty. He brings over 35 years' experience and was previously Power Leader, ... Read the full article

Palomar announces agreement with Marsh’s Torrent Technologies

12th November 2020

California-based insurance holding company Palomar has agreed to integrate its residential flood insurance program Flood Guard onto the flood processing platform of Torrent Technologies, part of Marsh. It's hoped this will provide agents of Torrent's Write-Your-Own (WYO) carriers even more choice to meet the flood risk needs of their customers and help close ... Read the full article

Commercial insurance prices up 20% in Q3, reports Marsh

5th November 2020

Insurance and reinsurance brokerage, Marsh, has reported that global commercial insurance prices increased by 20% in Q3 2020, the largest increase since the Global Insurance Market Index was launched back in 2012. This average composite price rise of 20% follows year-on-year average increases of 19% in Q2 and 14% ... Read the full article

Marsh names Tony Ambrose as Deputy CEO for UK Aviation

5th November 2020

Re/insurance broker Marsh has announced the appointment of Tony Ambrose as Deputy CEO, Aviation, Marsh JLT Specialty, effective immediately. Currently a Managing Director within Marsh’s Aviation Practice in London, Ambrose will remain based in London and report to Andy Smith, UK Chairman and CEO, Aviation. In this newly created role, Ambrose will ... Read the full article

MMC’s Q3 operating income up 15%

29th October 2020

Marsh & McLennan Companies, Inc. (MMC), a global insurance and reinsurance brokerage, has announced consolidated revenue of $4 billion for the third-quarter of 2020, while underlying revenue fell by 1% when compared to the same period in 2019. Operating income spiked to $540 million from $467 million in the prior year ... Read the full article

Marsh promotes Klint to lead risk management in Continental Europe

27th October 2020

Insurance broker Marsh has announced the appointment of Carolina Klint as Risk Management Leader for Continental Europe. Based in Stockholm, Klint will report to Siegmund Fahrig, Chief Executive Officer of Marsh Continental Europe. She brings over 18 years of international and leadership experience to the role, having joined Marsh from AIG in ... Read the full article

Marsh hires new US Cyber Incident Management Leader

15th October 2020

Global insurance and reinsurance broker, Marsh, has announced the appointment of Katherine Keefe as US Cyber Incident Management Leader. In this newly created role, Keefe will be responsible for leading the broker's efforts to assist clients responding to and managing cyber events, including data breaches and ransomware attacks, whilst giving advice ... Read the full article

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