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 recruits Chemicals & Life Sciences leader from Munich Re
27th November 2019
Global re/insurance brokerage Marsh has announced the appointment of Jenny Yu as Chemicals and Life Sciences Industry Practice Leader for the UK & Ireland. Yu joins Marsh from Munich Re, where she most recently served as Life Science Risk Solutions Leader. She has spent the last nine years at Munich Re in ... Read the full article
John Drzik steps down as head of Marsh division, takes advisory role
22nd November 2019
Global re/insurance brokerage Marsh has announced that John Drzik will step back from his full time responsibilities as President of the Global Risk and Digital (GR&D) division, effective January 1, 2020. Drzik will, however, remain involved with the business as a senior advisor, working with John Doyle, President and CEO of ... Read the full article
Arch & Marsh develop $150mn policy for crypto security firm Ledger
15th November 2019
Arch Insurance (UK) Limited and Marsh have collaborated to provide a customised crime insurance program that covers digital assets secured by the Ledger Vault platform. Ledger Vault is a core business unit of Ledger, a security firm for cryptocurrencies and blockchain applications. It provides information technology infrastructure for financial institutions to securely ... Read the full article
Global commercial insurance pricing up 8% in Q3: Marsh
11th November 2019
Marsh's Q3 global insurance market index shows that commercial insurance pricing increased for the eighth consecutive quarter. The index offers a proprietary measure of global commercial insurance premium pricing change at renewal. Average commercial insurance pricing increased 8% in the third quarter of 2019, the largest increase since the survey began in ... Read the full article
Marsh & McLennan Agency promotes Paul Hering to Vice Chairman
22nd October 2019
Global re/insurance broker Marsh's middle market agency, Marsh & McLennan Agency LLC (MMA), has appointed Paul Hering to the newly created position of Vice Chairman. In his new role, Hering takes responsibility for helping to lead the firm's key growth strategies, which includes talent development, acquisitions, and carrier relations. He will ... Read the full article
Guy Carpenter appoints Samengo-Turner as Global Facultative Leader
17th October 2019
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, has announced the appointment of Dominic Samengo-Turner as Global Facultative Leader, while Simon Delchar takes over as Head of Marsh JLT Specialty, Asia. Samengo-Turner will relocate to London and will report to John Trace, Chief Executive Officer (CEO), North America, ... Read the full article
TRIPRA expiration could cause “domino effect” of price rises: Marsh CEO
17th October 2019
John Doyle, President and CEO at Marsh, has warned that a failure to renew the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) could cause a “domino effect” of price increases across multiple re/insurance lines. Doyle recently testified before the United States House Committee on Financial Services to advocate for a timely ... Read the full article
Marsh adds Aon directors to UK Real Estate Practice
10th October 2019
Global re/insurance brokerage Marsh has announced the appointments of Bryce Check as a Business Relationship Director and Anna Whitfield as a Client Service Director, both within its UK Real Estate Practice. Part of Marsh JLT Specialty, the UK Real Estate Practice provides insurance and risk advisory services to real estate owners, ... Read the full article
Marsh collaborates with Zurich NA on pet insurance program
9th October 2019
Global re/insurance brokerage Marsh has announced the launch of a new pet insurance program for cats and dogs in the US, to be underwritten by Zurich North America. The program, called TrustedPals, is backed by Marsh’s Bluestream platform and will offer insurance with flexible co-payments, limits and deductibles. A self-service feature driven ... Read the full article
Marsh JLT Specialty bolsters aviation practice in both London & New York
8th October 2019
Global insurance and reinsurance brokerage, Marsh, has announced a number of appointments to the Aviation Practice in London and New York within Marsh JLT Specialty. Based in London, Tony Ambrose and Martyn Holland are set to join as Managing Directors and will report to Andy Smith, Chairman and Chief Executive Officer ... Read the full article
Marsh trials blockchain-powered placement platform
25th September 2019
Global re/insurance brokerage Marsh has announced plans to pilot a new digital placement platform powered by blockchain technology, called Risk Exchange. The Risk Exchange concept was proposed by a winning Marsh hackathon team and further developed in Marsh Digital Labs. The broker believes the platform has the potential to transform the insurance ... Read the full article
Business leaders not prioritising cyber risk management, reports Marsh
23rd September 2019
Business leaders are not spending adequate time addressing cyber risk management, according to a new report by re/insurance broker Marsh, even as cyber risk increasingly ranks among the top concerns for most organisations. Marsh found that a majority of board members and senior executives responsible for their company’s cyber risk management ... Read the full article
Marsh launches analytics platform to improve claims outcomes
18th September 2019
Global re/insurance brokerage Marsh has announced the launch of Blue Claims, a new analytics platform designed to help clients achieve better claims outcomes. The platform will initially focus on US workers’ compensation risks, which are estimated to cost employers nearly $100 billion annually. Working with Marsh’s claims specialists, clients will be able ... Read the full article
Arch, Marsh collaborate on insurance solution for digital assets
18th September 2019
Arch Insurance UK, a division of Arch Insurance International, has partnered with global re/insurance brokerage Marsh on a new solution designed to protect digital asset private keys held in traditional vault facilities. A private key, in this context, is essentially a string of numbers and letters that leads to a digital ... Read the full article
Marsh’s Torrent Technologies develops new flood offering
18th September 2019
Torrent Technologies, a Marsh company, has announced the launch of FloodPlus Commercial, a new private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients. FloodPlus commercial provides up to $2.5 million in flood coverage for small commercial property owners’ building, building personal property (BPP), and ... Read the full article