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.
Captive premium growth continues to trend upwards: Marsh
27th July 2023
Through a combination of various measures, the use of captive insurers is rising across the board, as risk-funding vehicles that offer numerous advantages, interest in using captives is said to be higher than ever. Within the past several years, Marsh clients formed nearly 400 new captive entities. Globally. Marsh Captive Solutions ... Read the full article
Marsh appoints Pat Donnelly as President, Marsh Specialty & Global Placement
25th July 2023
Insurance broker and risk advisor Marsh, has announced that Pat Donnelly has been appointed as President, Marsh Specialty and Global Placement, effective immediately. At the same time, Michelle Sartain will succeed Donnelly as President of Marsh US. In his new role, Donnelly will continue to be based in Chicago, where he will ... Read the full article
Guy Carpenter revenue up 11% to $576 million in Q2
20th July 2023
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has reported total revenue in Q2 of 2023 was $576 million, marking an increase of 11% on an underlying basis. Marsh McLennan's wider Risk & Insurance Services revenue was $3.7 billion in Q2 of 2023, an ... Read the full article
Marsh names Kelly Butler as UK Cyber Leader to strengthen cyber insurance
28th June 2023
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, appointed Kelly Butler as the UK Cyber Leader, effective October 2023. As part of her new role, Butler will be based in London and report directly to Beth Thurston, CEO of UK Financial & Professional Lines ... Read the full article
Marsh and Octaviant Financial partner on pharma warranty program
11th May 2023
Insurance broker and risk advisor Marsh Octaviant Financial, Inc., an innovator in novel drug warranties and payment models, have partnered together to offer a specialised warranty program to pharmaceutical manufacturers that develop gene, cell and specialty therapies. This new warranty solution, available to Marsh’s life science clients commercialising any pharmaceutical therapies, ... Read the full article
Global commercial insurance pricing rose 4% in Q1 2023: Marsh
28th April 2023
According to the latest Global Insurance Market Index from Marsh, global commercial insurance pricing rose 4% in the first quarter of 2023, the same as in the prior quarter. This will be the twenty-second consecutive quarter in which composite pricing rose, which continues the longest run of increases since the inception ... Read the full article
Marsh launches multi-line facility Fast Track, led by QBE
21st April 2023
Insurance broker and risk advisor Marsh has launched Fast Track, a new insurance facility led by QBE that is set to provide a “substantial amount” of additional “follow form” capacity to its clients globally across major lines of business. The brokers new facility is backed by a panel of A-rated global ... Read the full article
Global growth drivers outweigh elevated geopolitical and economic risks: Marsh
31st March 2023
Global growth opportunities outweigh the current elevated geopolitical and economic risk landscape, according to a recent report published by insurance broker and risk advisor, Marsh. The 2023 Political Risk Report, published by Marsh Specialty, outlines the major shifts and trends in the global political and economic landscape that will impact multinationals ... Read the full article
Marsh names Sarah Stephens US Central Zone Leader
24th March 2023
Insurance broker and risk advisor Marsh has announced that its current Head of Cyber for the UK and International, Marsh Specialty, Sarah Stephens, will assume the role of US Central Zone Leader on May 1. In this role, she will lead Marsh’s 18 offices across the Central region of the US, ... Read the full article
Global commercial insurance rates continue to moderate in Q4: Marsh
3rd February 2023
Global commercial insurance prices increased 4% in Q4 of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, according to Marsh's Global Insurance Market Index. Marsh's Index explains that this continues a trend of moderating increases that first began in Q1 of 2021. It adds that while ... Read the full article
Guy Carpenter’s revenue up 8% during an ‘outstanding year’ for Marsh McLennan
26th January 2023
Insurance and reinsurance brokerage, Marsh McLennan, has today reported consolidated revenue of $5 billion for Q4 and $20.7 billion for the full-year 2022, supported by solid revenue growth at its reinsurance arm, Guy Carpenter. At $5 billion, consolidated revenue in the fourth quarter of 2022 actually declined by 2% when compared ... Read the full article
Marsh announces new leadership appointments in Europe
20th January 2023
Insurance broker and risk advisor Marsh, has announced three new leadership appointments in Europe. Nilay Ozden was named Leader of Marsh Specialty, Europe. Cristian Fugaciu and Artur Grzeskowiak were appointed co-CEOs, Central & Eastern Europe (CEE). Based in London, Ozden will report to Lucy Clarke, President, Marsh Specialty and Global Placement, ... Read the full article
Robert Perry named UK CEO, Credit Specialties, Marsh Specialty
19th January 2023
Insurance broker Marsh has appointed Robert Perry as UK Chief Executive Officer, Credit Specialties, Marsh Specialty. Perry takes on this new role in addition to his current role at Marsh as Global Political Risk & Structured Credit Leader. Based in London, Perry will report to Nick Robson - Global Leader, Credit Specialties, ... Read the full article
MMA acquires HMS Insurance Associates
9th January 2023
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Maryland-based HMS Insurance Associates (HMS), one of the US's largest independent agencies. As part of the acquisition, in which the terms were undisclosed, all of HMS's 120-plus employees, including president Gary L. Berger, will join MMA and work in the Hunt ... Read the full article
Marsh names Siân French as Head of Coverage for Global Placement
23rd December 2022
Global insurance broker and risk advisor Marsh has announced the appointment of Siân French as Global Head of Coverage for Global Placement. Effective January 1, 2023, she will take up the new position, working closely with insurance partners to negotiate and provide consistent coverage and claims outcomes for clients. French has worked ... Read the full article
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