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’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
JLT staff exits are “not a crisis,” says MMC’s Dan Glaser
17th September 2019
The series of staff defections at Jardine Lloyd Thompson (JLT) following its acquisition by Marsh & McLennan (MMC) earlier this year is “not a crisis,” company CEO Dan Glaser has told the Financial Times (FT). Speaking in an interview with the publication, Glaser said that voluntary employee turnover at JLT since ... Read the full article
Marsh makes senior appointments within Marsh JLT Specialty unit
16th September 2019
Marsh has appointed Stephanie Pestorich Manson as Chief Client Officer for Management Liability and Head of Directors’ & Officers’ (D&O) Product and Jason Mills as Wholesale Leader in the UK Financial & Professional (FINPRO) Practice, both within Marsh JLT Specialty. Both roles are newly created, with Manson and Mills set to ... Read the full article
Marsh appoints Andy Smith as Chairman, CEO of UK Aviation practice
10th September 2019
Global re/insurance brokerage Marsh has announced the appointment of Andy Smith as Chairman and Chief Executive Officer of its UK Aviation Practice within Marsh JLT Specialty. He will be based in London and reports to Paul Moody, UK CEO, Marsh JLT Specialty, and Simon Harker, Global Head of Aviation, Marsh JLT ... Read the full article
Marsh agrees to split with specialty broker Construction Risk Partners
6th September 2019
Global re/insurance brokerage Marsh has reached an agreement with Construction Risk Partners (CRP), a specialty broker focused on US construction, whereby CRP management will buy back the company’s stock from JLT Specialty USA. CRP will begin operating as an independent construction risk and surety specialty insurance broker with immediate effect, maintaining ... Read the full article
Marsh announces senior cyber, digital assets appointments
5th September 2019
Global re/insurance brokerage Marsh has announced the appointments of Adam Wickens as Digital Asset Leader and Brian Warszona as Cyber Growth Leader in the UK Financial & Professional Practice of Marsh JLT Specialty. Wickens, who brings 20 years’ experience to Marsh, steps into a newly created position and will be responsible ... Read the full article
Marsh appoints senior leaders for Property and FINPRO practices
4th September 2019
Global re/insurance brokerage Marsh has announced the appointments of Michael Rouse as head of US Property and Michelle Sartain as head of Financial and Professional Liability (FINPRO) for the US and Canada. Effective immediately, Rouse will now assume leadership of Marsh’s US Property Practice from Duncan Ellis, who has left the ... Read the full article
Marsh’s Duncan Ellis to join AIG as Head of Retail Property, NA General Insurance
4th September 2019
Global insurer American International Group (AIG) has appointed Duncan Ellis as Head of Retail Property, North America General Insurance, based in New York and reporting to Ken Riegler, President of North America General Insurance, Product & Field Management. Ellis joins the firm in late September from global re/insurance broker Marsh, where ... Read the full article
Marsh strengthens leadership of US, Canada Energy & Power Practice
22nd August 2019
Global re/insurance brokerage Marsh has appointed Amy Barnes and Brad Vescarelli to leadership positions within its US and Canada Energy and Power Practice. Barnes had previously worked to help to shape the newly formed Marsh-JLT Specialty Energy and Power team. She will now report to Pat Donnelly, Head of US and Canada ... Read the full article
Demand for W&I cover in EMEA rises as claims notifications spike: Marsh
19th August 2019
Marsh has released its Transactional Risk Insurance Claims study, which reveals that since 2016, warranty & indemnity (W&I) claims notifications across Europe, the Middle East and Africa (EMEA) have increased significantly. Insurance and reinsurance broker Marsh notes that claims notifications have increased by 293% from 2016 to 2018, adding that this ... Read the full article
The Boeing Company’s Michael Tarling rejoins Marsh
7th August 2019
International re/insurance brokerage Marsh has appointed Michael Tarling as Senior Adviser within the Aviation Practice of Marsh JLT Specialty. Tarling previously worked for Marsh between 2005 and 2011, and rejoins the broker in what's a newly-created position that will see him deliver senior client engagement and risk advisory services to Marsh ... Read the full article
Marsh & McLennan’s revenue up 16% to $4.3 billion in Q2
30th July 2019
Global insurance and reinsurance broker, Marsh & McLennan Companies, Inc. (MMC), has reported consolidated revenue growth of 16% to $4.3 billion and underlying revenue growth of 4% for Q2 2019, which is the first time its results have included JLT, which it acquired for $5.6 billion. Underlying revenue growth of 4% ... Read the full article
Marsh appoints Ian Drillot as Head of Guernsey Captive Operations
29th July 2019
Global re/insurance broker Marsh has announced the appointment of Ian Drillot as Head of Office, Marsh Captive Solutions, Guernsey. Drillot was previously Head of JLT’s Guernsey captive office, before which he was an accountant with Deloitte. As Head of Office, Drillot will oversee the continued development and expansion of Marsh’s Captive Solutions’ ... Read the full article
Marsh & McLennan Board elects Tamara Ingram as a director
19th July 2019
The Board of Directors of global re/insurance brokerage Marsh & McLennan Companies, Inc. has elected Tamara Ingram as a director. The appointment is effective July 19th, 2019 and takes the number of directors on the Board to 13. Ingram currently serves as Global Chairman at Wunderman Thompson, a data and technology agency ... Read the full article
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