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Property & FinPro lines drive commercial rate increases in Q1: Marsh

18th May 2018

Following over four years of consecutive quarterly declines, global commercial insurance prices increased, on average, during the first-quarter of 2018, according to broker Marsh's Global Insurance Market Index. The majority of regions showed either moderate increase in average prices during Q1, or a slowdown in the pace of declines, driven largely ... Read the full article

Munich Re and Marsh collaborate on pandemic risk solution

18th May 2018

Munich Re and re/insurance broker Marsh have collaborated on a new pandemic risk insurance solution in conjunction with health analytics firm Metabiota, which aims to protect U.S-based businesses from outbreaks of infectious disease. The new solution, called PathogenRX, will use triggers like Metabiota’s new Pathogen Sentiment Index to help businesses more ... Read the full article

Marsh and Validus collaborate on new U.S fintech policy

3rd May 2018

Re/insurance broker and risk management firm Marsh has collaborated with Validus Specialty, an underwriter of professional liability solutions, to develop FINTECH Protect, a financial and professional re/insurance solution that manages the growing risks of U.S-based fintech companies. Unlike traditional forms of re/insurance for financial and technology industries, FINTECH Protect offers comprehensive ... Read the full article

Marsh and IBM to streamline proof of insurance with blockchain tech

25th April 2018

Insurance broker Marsh has announced a collaborative partnership with IBM, ACORD, and ISN, which will leverage blockchain technology to provide commercial solutions for proof of insurance. The companies believe blockchain technology will streamline the certificate of insurance process, which is currently manual, and allow clients to more easily hire contractors and ... Read the full article

Metabiota unveils Pathogen Sentiment Index & agreement with Munich Re, Marsh

20th April 2018

Epidemic risk modeller Metabiota has announced details of its Pathogen Sentiment Index, a tool that enables the estimation of public fear and behavioural change as a result of infectious disease outbreaks, and which is to be used to develop epidemic insurance solutions through an exclusive agreement with reinsurer Munich Re and ... Read the full article

Marsh develops new cyber suite for business interruption risks

19th April 2018

Re/insurance broker and risk management solutions firm Marsh has committed to addressing the growing threat of business interruption (BI) from cyber-attacks with the launch of a suite of new and enhanced risk analytics and insurance solutions. Demand for BI solutions has grown in response to high-profile cyber events like the WannaCry ... Read the full article

Marsh names Paul Denny as UK FINPRO Leader

18th April 2018

Marsh, a global re/insurance broker and risk management firm, has appointed Paul Denny as UK Financial and Professional Practice (FINPRO) Leader. Denny will be responsible for managing Marsh’s UK management liability, financial services, professional liability and specie risk teams, and will report to Paul Moody, Chief Executive Officer (CEO) of Marsh’s ... Read the full article

Marsh launches digital labs to develop new tech strategies

18th April 2018

Re/insurance broker Marsh has announced the launch of Marsh Digital Labs, an incubator focused on experimenting with emerging technologies, developing new products and business models, and engaging with clients, carriers, and InsurTech companies. Part of Marsh’s broader Digital, Data, and Analytics organisation, Marsh Digital Labs is based in San Francisco, California, ... Read the full article

Marsh’s Lay leaves Canada to become CEO of UK & Ireland

13th April 2018

Marsh has announced that Chris Lay is to become Chief Executive Officer (CEO) of its UK & Ireland region and of Marsh Limited, and has appointed Sarah Robson to replace him as President and CEO of Marsh Canada. Lay, who has been with Marsh for 30 years, will relocate back to ... Read the full article

Christos Adamantiadis joins Marsh as CEO of combined Middle East & Africa region

11th April 2018

Global insurance and reinsurance broker Marsh has announced the appointment of Christos Adamantiadis as Chief Executive Officer (CEO) of a newly combined Middle East and Africa region, effective May 1st, 2018. In his new role, Adamantiadis will be based in Dubai and report to Flavio Piccolomini, President of Marsh International. The position will see ... Read the full article

Marsh names Sue Woolterton as Head of Specialties

29th March 2018

Marsh has appointed Sue Woolterton to the newly created position of Head of Specialities, to be based in the firm’s second largest UK office in Norwich. Woolterton, who has been with Marsh since 1987, will now be responsible for developing Marsh’s UK Specialties Division, which covers its marine, energy, aviation, construction, ... Read the full article

Neil Walker joins Brit from Marsh as Head of UK Property

16th March 2018

UK insurer and reinsurer Brit Ltd has announced that Neil Walker has joined the company as its new Head of UK Property, effective from February 12th, 2018. In his new role, Walker reports to Tom Hillier, Divisional Director, Specialist Liability, and is responsible for managing and expanding Brit’s UK Property offering, ... Read the full article

Marsh becomes first re/insurance broker to join the Enterprise Ethereum Alliance

15th March 2018

Re/insurance broker and risk management firm Marsh, LLC has announced that it has joined the Enterprise Ethereum Alliance (EEA). Now with over 400 member companies, the EEA is the world’s largest blockchain initiative, although Marsh represents the first re/insurance broker to join its ranks. The EEA’s objective is to establish industry standards ... Read the full article

Average global insurance pricing increased by 0.8% in Q4: Marsh

1st March 2018

Record-setting catastrophe losses in 2017 sparked hopes of a bottoming out of the soft market cycle and although re/insurance renewal rates trailed expectations, Q4 2017 saw a reversal of the trend of declining rates as global insurance industry prices increased for the first time in four years, according to Marsh ... Read the full article

Multinationals cite major concern over growing political risk: Marsh

27th February 2018

Geopolitical instability remains a top concern for multinational businesses in 2018 with events such as the North Korea missile crisis, Euroscepticism, and increased trade protectionism, driving political risk that could boost demand for credit and political risk re/insurance. Marsh's 2018 Political Risk Map found regions facing political turbulence or increased protectionist trends ... Read the full article

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