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Marsh granted first captive management licence in Abu Dhabi

27th November 2018

Global re/insurance broker Marsh has been awarded the first licence to provide captive insurance management services in Abu Dhabi. The firm, operating as Marsh Management Services (MENA) Limited, has been authorised by Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). The AGDM is the international financial centre in the capital ... Read the full article

Commercial insurance pricing continues to rise at Q3: Marsh

23rd November 2018

Average commercial insurance prices rose by just over 1% over the third quarter of 2018, marking the fourth consecutive quarter of pricing increases for the sector, according to the latest Global Insurance Market Index by re/insurance broker Marsh. The pricing trend has largely been driven by increases in property and financial ... Read the full article

Marsh combines specialty unit with JLT, makes key leadership changes

13th November 2018

Global re/insurance broker Marsh has began the integration process of JLT - which it acquired for $5.6 billion in September - with the formation of Marsh-JLT Specialty, a new specialty business that combines the teams of both businesses. In addition to becoming Vice Chairman of Marsh & McLennan Companies and a ... Read the full article

Willis Towers Watson names Sales Leader for Corporate Risk & Broking GB Retail business

2nd November 2018

Global insurance and reinsurance broker Willis Towers Watson has hired Adrian Willmott, formerly of Marsh, as Sales Leader of its Corporate Risk & Broking GB Retail business. Willmott will ... Read the full article

Brexit stockpiling leaves suppliers at risk of trade credit insurance shortfall: Marsh

26th October 2018

Suppliers of vital goods such as non-perishable food produce and medical supplies are at risk of having insufficient trade credit insurance as some British firms such as retailers and manufacturers begin stockpiling goods amid mounting concerns of a no-deal Brexit, according to Marsh. Traditionally, buyers purchase goods on credit terms before ... Read the full article

Marsh launches social unrest insurance solution

26th October 2018

Global re/insurance broker Marsh has announced the launch of a new standalone insurance solution that provides financial protection in the event of business interruption following social unrest. Underwritten by Chaucer, the global solution provides limits up to $20 million for denial of entry/leaving a property caused by events including protests, terrorism, ... Read the full article

Marsh adopts Concirrus’ AI-powered platform to drive marine insights

24th October 2018

Global re/insurance broker Marsh has partnered with the London-based insurtech Concirrus and will adopt the firm’s Quest Marine platform to drive new insights and placement strategies for clients, while identifying new opportunities for digital product development in the marine insurance industry. Quest provides a single web application to allow commercial marine ... Read the full article

Marsh gets key approval for JLT acquisition

15th October 2018

Marsh & McLennan Companies has been granted an early termination of the waiting period required for the completion of its previously-announced acquisition of Jardine Lloyd Thompson Group (JLT). Termination of the Hart-Scott-Rodino (HSR) waiting period effectively concludes the review of both the Federal Trade Commission (FTC) and Department of Justice ... Read the full article

Aon & Marsh collaborate with European industry bodies on cyber risk guide

12th October 2018

A group of European industry bodies including BIPAR (European Federation of Insurance Intermediaries), FERMA (Federation of European Risk Management Associations), and Insurance Europe have published a guide to help organisations better evaluate their cyber security posture and need for cyber insurance. The guide, published in association with Aon and Marsh, is ... Read the full article

Maritime industry unprepared to deal with global issues, reports Marsh

5th October 2018

The global maritime industry is not prepared to deal with major issues that are likely to impact it over the next ten years, according to senior maritime stakeholders surveyed in an industry report backed by global insurance broker and risk adviser, Marsh. The report examines the impact and likelihood of 17 ... Read the full article

Marsh makes senior leadership appointments within captive business

4th October 2018

Global re/insurance broker Marsh has announced two senior leadership appointments within its Marsh Captive Solutions business. Julie Boucher takes direct leadership of the company’s Bermuda, Cayman, and Barbados captive offices as Islands Practice Leader, a newly-created role effective January 1, 2019. Boucher, who has been with Marsh for 30 years, will relocate ... Read the full article

Marsh targets gig economy with new blockchain solution

3rd October 2018

Global re/insurance broker Marsh is working with data security platform Evident on the first blockchain-based verification solution for clients in the sharing and gig economies. Marsh has been considerably active in incorporating blockchain into its value chain since the company’s partnership with IBM was first announced five months ago. This new ... Read the full article

Marsh expands blockchain partnership with IBM

28th September 2018

Global re/insurance broker Marsh is expanding its blockchain partnership with IBM, five months after announcing its decision to use the technology to streamline proof of insurance processes. It’s hoped that blockchain technology will transform the certificate of insurance process, which is currently manual, and allow clients to more easily hire contractors ... Read the full article

Growth the main factor behind JLT acquisition: Dan Glaser

24th September 2018

Dan Glaser, President and Chief Executive Officer (CEO) of Marsh & McLennan Companies, Inc., has said that the firm's acquisition of JLT Group is about growth, noting that the two global insurance and reinsurance brokers are "stronger together". Marsh announced its $5.6 billion takeover of JLT Group on Tuesday, a deal ... Read the full article

Marsh adds Tom Colraine to Board as Non-Exec Director

24th September 2018

Global insurance and reinsurance broker Marsh has appointed Tom Colraine as a Non-Executive independent member of its Board of Directors. Colraine has held many senior positions in the re/insurance sector throughout his career, including as Chief Operating Officer (COO) and Chief Financial Officer (CFO) of AIG Europe from 2009-2014. He also served ... Read the full article

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