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 promotes Ellen Charnley to Captive Solutions president

6th October 2017

Marsh has promoted Ellen Charnley from global sales leader to president of its Marsh Captive Solutions business  with immediate effect. Charnley will assume leadership of Marsh's advisory solutions and 1,200 captives in 44 domiciles around the world, reporting to Michael Poulos, Marsh’s Client Advisory Services Leader, and succeeding Nick Durant, who has ... Read the full article

Canada Life Re & PICA in £3.4bn longevity transfer with MMC UK Pension Fund

14th September 2017

The Marsh & McLennan Companies (MMC) UK Pension Fund has entered into a £3.4 billion ($4.5bn) longevity reinsurance agreement with Canada Life Reinsurance and The Prudential Insurance Company of America (PICA), which covers the liabilities of around 7,500 pensioner members. The transaction is the first longevity risk transfer to be completed ... Read the full article

Marsh announces new management structure & names key senior executives

8th September 2017

President and Chief Executive Officer of Marsh, John Doyle, has announced the addition of Global Risk & Digital and Global placement specialities units as well as new appointments to the firm's executive management team as part of a restructuring effort. Doyle commented; “this is an exciting time in our industry as ... Read the full article

David Nayler joins Marsh from Aon as Leader of UK Financial Institutions practice

1st September 2017

Marsh has named David Nayler, who joins from Aon, as Leader of its UK Financial Institutions Industry Practice, with effect from early 2018. In his new role, Nayler will lead client management, technical, placement and risk management specialists to support Marsh’s financial institutions clients in risk mitigation. He will report to Charles Beresford-Davies, Risk ... Read the full article

Global commercial rates continue to decline, pressuring combined ratios: Marsh

16th August 2017

Commercial insurance rates declined, on average, for the seventeenth consecutive quarter in Q2 2017, driven by excess capacity and intense competition, according to the latest Marsh Insurance Market Index. Moderating renewal rate declines in the global commercial insurance market occurred in Q2 for the sixth consecutive quarter, declining, on average, across ... Read the full article

Marsh & McLennan Agency announces hire of new President and COO

1st August 2017

Marsh & McLennan Agency (MAA) has expanded its executive team with the appointment of Bill Jeatran to President and Christina Mott to Chief Operating Officer. Jeatran and Mott will be reporting to Chairman and CEO of MMA David Eslick. Jeatran succeeds Ben Allen who has left the firm; as President he'll develop the ... Read the full article

Marsh appoints Sastry Durvasula to Chief Digital, Data & Analytics Officer

11th July 2017

Marsh announced the appointment of Sastry Durvasula, who joins from a role as Enterprise Head of Data and Digital Technology with American Express, to Chief Digital Officer and Chief Data & Analytics Officer, effective August 14th, 2017. Durvasula will head up Marsh's global development and delivery of digital processes, data analytics, and ... Read the full article

John Doyle to succeed Peter Zaffino as CEO of Marsh

7th July 2017

Marsh & McLennan Companies, Inc. has announced the appointment of John Doyle as Chief Executive Officer (CEO) of Marsh, replacing Peter Zaffino after his recently announced move to AIG. Doyle's appointment is effective immediately, and he will report to President and CEO of Marsh & McLennan, Dan Glaser, and will continue to ... Read the full article

Marsh names leaders for new aviation consortium

12th June 2017

Insurance and reinsurance brokers Marsh have named senior leaders for its newly launched aviation insurance consortium, the Aircraft Finance Insurance Consortium (AFIC). The consortium, which is backed with capacity from four major re/insurance players, Allianz, AXIS Capital, Sompo International (formerly Endurance), and Fidelis, will offer a “unique non-payment insurance product” ... Read the full article

Commercial insurance rates down overall in Q1 but U.S. casualty renewals increase: Marsh

1st June 2017

Q1 2017 marked the sixteenth consecutive quarter commercial insurance rates declined on average, although decreases did moderated across all coverage lines for the fifth quarter running. Despite U.S. cyber liability rates falling for the first time since 2014, U.S. casualty renewal rates actually increased in Q1 2017, according to broker Marsh. Persistent industry ... Read the full article

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