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Use of transactional risk insurance swelled in 2018: Marsh

17th July 2019

A new report from global re/insurance brokerage Marsh suggests the use of transactional risk insurance underwent a significant increase in 2018. For example, policy limits in excess of $1 billion are now being made available for single transactions as private equity firms and strategic investors increasingly use insurance to reduce the ... Read the full article

Marsh partners with Sompo to offer aircraft finance insurance consortium in Japan

26th June 2019

Global re/insurance broker Marsh has launched a Japanese Aircraft Finance Insurance Consortium (Japanese AFIC) in collaboration with Sompo Japan Nipponkoa Insurance Inc. and Sompo International. The new consortium will offer the same terms as Marsh’s global AFIC program to Japanese financial institutions through a Japanese insurer. Launched in 2017, Marsh's AFIC provides ... Read the full article

Marsh names Brian Hanuschak as President of Victor North America Global

20th June 2019

Global re/insurance broker Marsh has appointed Brian Hanuschak as President of North America for Victor Insurance Holdings, its managing general underwriting (MGU) business. The announcement follows the appointment of Christopher Schaper as CEO of AIG’s new reinsurance operations, who previously served as CEO of Victor Insurance Holdings. Hanuschak has led Victor ... Read the full article

Marsh names CEO & Client Director of UK Real Estate Practice

19th June 2019

Global re/insurance broker Marsh has announced the appointments of Tim Scoble as Chief Executive Officer (CEO) of its UK Real Estate Practice, and Mark Lumley as Client Director. Part of Marsh JLT Specialty, the UK Real Estate Practice provides insurance and risk advisory services to real estate owners, operators, managers, and ... Read the full article

MMC urges U.S Senate to renew terrorism risk insurance act

19th June 2019

Tarique Nageer, Property Terrorism Placement and Advisory Leader at Marsh, a Marsh & McLennan firm, has testified before a U.S Senate Committee to highlight the importance of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). Nageer urged members of the Committee on Banking, Housing and Urban Affairs to renew the Act, ... Read the full article

The risk transfer industry has never been so important: Dan Glaser, Marsh

13th June 2019

The President and Chief Executive Officer (CEO) of Marsh & McLennan (MMC), Dan Glaser, believes that the risk transfer industry has never been so important or relevant. Addressing delegates at the opening of the MMC Rising Professionals Forum 2019 in London, Glaser stressed that there is no better time to be ... Read the full article

MMC highlights importance of tech in fast-changing environment

13th June 2019

Participants across the risk transfer value chain must harness new technologies and adapt to the evolving operating landscape in order to meet client needs and remain relevant. This is according to Marsh & McLennan Companies (MMC) President and Chief Executive Officer (CEO), Dan Glaser and Victoria Carter, Chairman of Global Capital ... Read the full article

New tech allowing more captives to profit from third-party risks: Marsh report

5th June 2019

The number of captive insurers writing third-party business is rising as new technologies expand the ways in which organisations can deliver insurance solutions, says re/insurance brokerage Marsh in a new report. By underwriting third-party risks in a captive, parent companies can bring in additional premium and generate profits should the captive ... Read the full article

TRIPRA expiration could weaken global property terrorism market: Marsh

24th May 2019

While the global property terrorism insurance market remains strong and well capitalised, the potential expiration of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) could create capacity shortfalls, especially for businesses located in high profile cities and employers with significant workers’ compensation accumulations. In a new report, global re/insurance brokerage Marsh ... Read the full article

Commercial insurance prices continue growing at Q1, finds Marsh

17th May 2019

Global commercial insurance prices increased by 3% during the first quarter of 2019, according to data from re/insurance broker Marsh, marking a sixth consecutive quarter of price increases. Marsh also noted that the rate of growth in commercial insurance prices was at its highest since it began its survey in 2012. Regionally, ... Read the full article

Cyber insurance surges as risk awareness grows: Marsh report

29th April 2019

Over the last five years, the number of Marsh’s US clients purchasing cyber insurance has doubled, from 19% in 2014 to 38% in 2018, according to a new report by the global re/insurance broker. The report indicates that as risk awareness has grown, cyber insurance products have evolved to address a ... Read the full article

Marsh to rollout proof of insurance blockchain platform

26th April 2019

Global re/insurance broker Marsh is to begin rolling out its proof of insurance blockchain platform to US commercial clients. There are many who feel that blockchain technology will transform the certificate of insurance process, which is currently manual, and allow clients to more easily hire contractors and transfer risk while increasing ... Read the full article

MMC JLT integration could affect near-term organic growth: Dan Glaser

25th April 2019

The ongoing efforts to fully integrate the Jardine Lloyd Thompson (JLT) business within broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) could mean a near-term hit to organic growth, MMC CEO Dan Glaser said today. MMC's acquisition of JLT completed on April 1st, meaning the mission to bring ... Read the full article

MMC results reflect strong revenue growth for Marsh & Guy Carpenter

25th April 2019

Broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) has released its results for the first quarter of 2019, posting underlying revenue growth of 4%, buoyed by the performance of its re/insurance broking subsidiaries, Marsh and Guy Carpenter. MMC’s consolidated revenue in the first quarter of 2019 was $4.1 billion, ... Read the full article

Marsh, Guy Carpenter, JLT combine LatAm facultative reinsurance

23rd April 2019

It's been announced that Marsh and Guy Carpenter will combine their Latin American facultative reinsurance operations with those of JLT Group, following the completed acquisition of JLT by Marsh & McLennan Companies (MMC) on April 1st, 2019. The combined operations will be called Carpenter Marsh Fac Re, and will be ... Read the full article

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