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 & AXA XL partner on same-day delivery solution
5th June 2020
Global re/insurance broker Marsh has announced the launch of Marsh deliveryPRO, a customisable insurance solution that enables US businesses to meet the increased demand for same-day delivery of their products more efficiently. Many grocers, delivery network companies, retailers, restaurants, and other businesses are using individual drivers as employees or in a ... Read the full article
Commercial insurance pricing up 14%, COVID-19 impact insignificant: Marsh
12th May 2020
Global commercial insurance pricing increased for the tenth consecutive quarter in the opening three months of 2020, while the impact of the ongoing COVID-19 pandemic on pricing dynamics proved to be insignificant, reports re/insurance broker Marsh. In the first-quarter of 2020, global commercial insurance pricing rose 14% on the back of ... Read the full article
Marsh expands renewable energy capabilities with key hires
28th April 2020
Global insurance broker Marsh has announced a series of key leadership appointments within Marsh JLT Specialty's Renewable Energy team. Oliver Holme joins as UK and US Offshore Wind Leader, a newly-created role, and reports to Hamish Roberts, Power Leader and Amy Barnes, Energy & Power Leader, US and Canada. Holme most recently ... Read the full article
Marsh appoints Rahr as Global Leader, Multinational Client Service
6th April 2020
Global insurance broker Marsh has appointed David Rahr as Global Leader, Multinational Client Service. Based in Chicago, Rahr will report to Flavio Piccolomini, President, Marsh International, and Martin South, President, US and Canada. Rahr succeeds Justin Walsleben, who has retired from the firm. He will oversee Marsh’s Multinational Client Service team and most ... Read the full article
Marsh & McLennan Agency acquires Assurance Holdings
3rd April 2020
Marsh & McLennan Agency, the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Illinois-based Assurance Holdings. Assurance was founded in 1961 and is a full-service brokerage providing business insurance, employee benefits, private client insurance and retirement services to companies and individuals across the country. The company ... Read the full article
Marsh appoints Fiona Park to multinational practice leader role
20th March 2020
Global insurance broker Marsh has appointed Fiona Park as its multinational practice leader for Scotland within its UK corporate division. Based in Glasgow, Park will lead a team which brings together expertise across Marsh’s Corporate offices in Aberdeen, Edinburgh, and Glasgow, and the business’s global network. She reports to Allan McPherson, regional ... Read the full article
Marsh announces Brian Hanuschak as CEO of Victor
10th March 2020
Global insurance brokerage Marsh has announced the appointment of Brian Hanuschak as Chief Executive Officer (CEO) of Victor Insurance Holdings, effective immediately. In his expanded role as CEO of the world's largest managing general underwriter (MGU), Hanuschak takes oversight of the company's global operations including Victor North America, ICAT, Dovetail, and ... Read the full article
Marsh opens Cyber Catalyst 2020 evaluation program
4th March 2020
Re/insurance broker Marsh has announced the 2020 opening of its Cyber Catalyst program, which aims to evaluate and designate products and services that can be effective against major cyber threats. In the inaugural 2019 program, more than 150 products and services were submitted for evaluation, with 17 ultimately receiving a Cyber ... Read the full article
CAC Specialty adds Marsh’s John Kim as environmental exec
4th March 2020
Specialty insurance broker and investment banking platform CAC Specialty has announced the appointment of John Kim as senior vice president within its environmental practice group. Kim brings over 25 years’ experience and most recently served as a managing director at Marsh. He began his career as an industrial hygienist and environmental scientist, ... Read the full article
MMC appoints FEMA’s Dr. Kaniewski as MD, Public Sector
3rd March 2020
The former Deputy Administrator for Resilience at the Federal Emergency Management Agency (FEMA), Daniel Kaniewski, has joined Marsh & McLennan Advantage as Managing Director, Public Sector. The Marsh & McLennan Advantage group combines the expertise from across the global re/insurance broker's four businesses in order to deliver innovative solutions to clients. In ... Read the full article
Garrett Hanrahan promoted to Global Head of Aviation, Marsh JLT Specialty
26th February 2020
Global insurance brokerage Marsh has announced that Garrett Hanrahan has been promoted to Global Head of Aviation, Marsh JLT Specialty, effective April 15th, 2020. Hanrahan has been appointed as the successor to Simon Harker, who is retiring after 44 years in the industry. In his new role, Hanrahan will be based ... Read the full article
Commercial insurance pricing up 11% in Q4, reports Marsh
12th February 2020
Global average commercial insurance prices increased by 11% in the fourth quarter of 2019, according to data released by re/insurance brokerage Marsh. The firm’s Global Insurance Market Index found that average price increases were driven mainly by growth in property insurance rates and financial and professional lines. Last quarter marked the ninth ... Read the full article
Marsh & McLennan adds Krause as Southeast Regional CEO
7th February 2020
Marsh & McLennan Agency, the middle market agency of global re/insurance broker Marsh, has announced the appointment of Peter Krause as Southeast Regional Chief Executive Officer. Effective immediately, Krause will report to David Eslick, chairman and CEO of MMA, and oversee MMA’s offices in Georgia , Alabama, Tennessee, Kentucky and Tallahassee. He ... Read the full article
Marsh & JLT fully integrate Indonesian operations
5th February 2020
Another next step in the continued integration of JLT and Marsh has now completed, with PT Jardine Lloyd Thompson Indonesia now fully merged into PT Marsh Indonesia, effective February 3rd, 2020. The integration expands Marsh in the region by combining the strength and expertise of the two firms into one brokerage. ... Read the full article
Crypto exchange Bittrex secures $300m cold storage cover
3rd February 2020
US blockchain technology and cryptocurrency exchange Bittrex has obtained digital asset insurance of up to $300 million for its cold storage system. Bittrex worked closely with Marsh in placing cover with Arch Syndicate 2012, which provides protection from external theft and internal collusion. The company was approved for the coverage after successfully ... Read the full article
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