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.
Transactional risk insurance hits record high in 2020: Marsh
16th March 2021
A new report from Marsh shows that transactional risk insurance purchases reached a record high in the US and Canada over 2020 despite challenges due to the pandemic. After a dramatic downturn in the second quarter of 2020 due to the coronavirus pandemic, merger and acquisitions (M&A) deal volume soared to ... Read the full article
Marsh appoints Amy Barnes to lead sustainability, climate change strategy
10th March 2021
Insurance broker Marsh has announced the appointment of Amy Barnes to the newly created role of Head of Sustainability and Climate Change Strategy, effective 1 April. Barnes is set to relocate to London later this year and will report to Lucy Clarke, President, Marsh JLT Specialty and Global Placement. She will be ... Read the full article
Marsh appoints Bryant to lead national public entity industry practice
9th March 2021
Insurance broker Marsh has added Kevin Bryant to lead its national public entity industry practice. Bryant will help ensure that state and local government and not-for-profit clients across the US receive continued public sector expertise, insights, and transactional services. He joins Marsh from Aon, where he spent the last 14 years as ... Read the full article
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