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 names Global Political Risk & Structured Credit Leader
24th May 2022
Re/insurance broker Marsh has announced the appointment of Rob Perry as Global Political Risk & Structured Credit Leader, Marsh Specialty, effective July 1. Based in London, he will oversee the development of Marsh Specialty’s political risk and structured credit capabilities globally, reporting to Nick Robson, Global Leader, Credit Specialties, Marsh Specialty. Perry ... Read the full article
“Demand for untapped minerals could fuel geopolitical tensions” – Marsh
23rd May 2022
A new report from Marsh says that rising competition for untapped mineral resources could fuel geopolitical tensions. The firm, in its 2022 Political Risk Report, says that while land borders between countries remain key delineators of political risk, competition for ocean territory, minerals, and space will increasingly influence interstate relations. Marsh said ... Read the full article
Marsh launches renewable energy facility for solar & BESS risks
5th May 2022
Re/insurance broker Marsh has announced the launch of a new renewable energy facility that provides dedicated insurance capacity for mid-scale solar and battery energy storage system (BESS) risks in the US and Canada. Marsh notes that renewable energy companies have been challenged to find enough capacity for smaller standalone solar and ... Read the full article
Commercial insurance prices increased 11% in Q1 2022: Marsh
28th April 2022
Marsh’s latest Global Insurance Market Index shows that commercial insurance prices around the world increased 11% in Q1 2022. Amongst its findings, the survey found that cyber insurance rates continued to rise driven largely by the continued increase in the frequency and severity of ransomware claims with many insurers seeking to ... Read the full article
Guy Carpenter’s revenue jumps 11% in the first-quarter of 2022
21st April 2022
Marsh McLennan's (MMC) reinsurance broking arm, Guy Carpenter, has reported an 11% rise in underlying revenue in the first-quarter of 2022 to $999 million, as its parent reports consolidated revenue of $5.5 billion for the period. Revenue growth at Guy Carpenter supported total Q1 2022 revenue of $3.5 billion within MMC's ... Read the full article
Marsh reports fall in property damage losses in global hydrocarbon sector
19th April 2022
A new report from Marsh says that the global hydrocarbon extraction, transport, and processing industry experienced a significant reduction in major property damage losses during 2020-2021. The broker’s report, 100 Largest Losses in the Hydrocarbon Industry, says that this was due in part to the Covid pandemic, alongside ‘well-executed business continuity ... Read the full article
Marsh develops new analytics solution for property risks
8th April 2022
Insurance broker and risk advisor Marsh has announced the launch of a new property analytics solution that aims to digitalise the manual processes involved in managing property risks. The new solution, part of Marsh’s Blue digital analytics suite, digitizes clients’ primary risk data, including construction, occupancy, protection, and exposure data. It then ... Read the full article
Marsh Specialty promotes Craig Schioppo to Global Head of Transactional Risk
7th April 2022
Insurance and reinsurance broker Marsh has appointed Craig Schioppo, who is currently Transactional Risk Practice Leader, US and Canada, as the new Global Head of Transactional Risk, Marsh Specialty. In this newly created position, Schioppo will oversee a global team of specialists responsible for the delivery of transactional risk insurance solutions, ... Read the full article
Marsh launches ESG risk assessment tool
22nd March 2022
Insurance and reinsurance broker Marsh has launched its Environmental, Social, and Governance (ESG) Risk Rating, an assessment tool that can measure an organisation’s ESG performance, enabling them to improve their ESG risks, and gain access to additional insurance market capacity. The rating tool can assess against more than 10 internationally recognised ... Read the full article
Marsh adjusts senior leadership in UK and Ireland
16th March 2022
Insurance and reinsurance broker Marsh has made two changes to its UK senior leadership. According to the broker, Simon Delchar has been appointed head of placement, while Clarissa Franks has been given the role of placement leader for the risk management, corporate, and commercial businesses. Both roles are centred around the ... Read the full article
Marsh McLennan names Katherine Brennan as SVP and General Counsel
14th March 2022
Katherine Brennan, most recently General Counsel at Marsh LLC, takes on the role of Senior Vice President and General Counsel at Marsh McLennan, succeeding Peter Beshar, effective immediately. Brennan takes charge of the broker's global legal, compliance, and public affairs function, which supports Marsh, Guy Carpenter, Mercer, and Oliver Wyman. She will ... Read the full article
Transaction risk insurance boomed in 2021: Marsh
14th March 2022
Firms around the world turned increasingly to transactional risk insurance last year, according to a new report from Marsh. The report, Transactional Risk Insurance 2021: Year in Review states that the transactional risk insurance limits placed globally by Marsh Specialty in 2021 totaled $81.1bn, an increase of 73% over the previous ... Read the full article
Marsh makes new appointments within its Affinity business
10th March 2022
Marsh has appointed Rebecca Bleek, Leo Gibbons, and Sam Suen to new roles within its Affinity business. According to the broker firm, Bleek will be Affinity leader in the MENA region, while Gibbons and Suen will be placement leader and business digital strategy leader for International Affinity. Phil Hobson, Affinity Leader, International, ... Read the full article
Marsh signs five-year agreement with HSBC
2nd March 2022
Insurance broker and risk advisor Marsh has signed a five-year broker agreement with HSBC, building on an 11-year relationship which began in 2010. Under the agreement, HSBC commercial banking customers will have access to world-class insurance products not currently available through the HSBC portfolio. It covers seven markets including France, Hong Kong, ... Read the full article
Marsh makes two senior cyber appointments
28th February 2022
Insurance broker and risk advisor Marsh has appointed Helen Nuttall as UK Head of Cyber Incident Management, Marsh Specialty, and Patrick Cannon as UK Head of Cyber Claims. Both appointments are based in London, with Nuttall reporting to Sarah Stephens, Head of Cyber, International, Marsh Specialty, and Cannon reporting to Helen ... Read the full article
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