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 & McLennan Agency acquires INSPRO

4th December 2020

Marsh's marketing agency subsidiary, Marsh & McLennan Agency, has acquired INSPRO, an independent agency in Nebraska. INSPRO was first established over 8 years ago and provides business insurance, employee benefits, and personal lines insurance services to individuals, families, and SME’s throughout the region. INSPRO’s 138 colleagues will join MMA and continue to ... Read the full article

Roberts appointed renewable energy leader within Marsh JLT Specialty

19th November 2020

Marsh has announced the appointment of Hamish Roberts as Global Renewable Energy Leader, Marsh JLT Specialty. Effective 1 January, Roberts will continue to be based in London and will report to Andrew George, Global Head, Energy & Power, Marsh JLT Specialty. He brings over 35 years' experience and was previously Power Leader, ... Read the full article

Palomar announces agreement with Marsh’s Torrent Technologies

12th November 2020

California-based insurance holding company Palomar has agreed to integrate its residential flood insurance program Flood Guard onto the flood processing platform of Torrent Technologies, part of Marsh. It's hoped this will provide agents of Torrent's Write-Your-Own (WYO) carriers even more choice to meet the flood risk needs of their customers and help close ... Read the full article

Commercial insurance prices up 20% in Q3, reports Marsh

5th November 2020

Insurance and reinsurance brokerage, Marsh, has reported that global commercial insurance prices increased by 20% in Q3 2020, the largest increase since the Global Insurance Market Index was launched back in 2012. This average composite price rise of 20% follows year-on-year average increases of 19% in Q2 and 14% ... Read the full article

Marsh names Tony Ambrose as Deputy CEO for UK Aviation

5th November 2020

Re/insurance broker Marsh has announced the appointment of Tony Ambrose as Deputy CEO, Aviation, Marsh JLT Specialty, effective immediately. Currently a Managing Director within Marsh’s Aviation Practice in London, Ambrose will remain based in London and report to Andy Smith, UK Chairman and CEO, Aviation. In this newly created role, Ambrose will ... Read the full article

MMC’s Q3 operating income up 15%

29th October 2020

Marsh & McLennan Companies, Inc. (MMC), a global insurance and reinsurance brokerage, has announced consolidated revenue of $4 billion for the third-quarter of 2020, while underlying revenue fell by 1% when compared to the same period in 2019. Operating income spiked to $540 million from $467 million in the prior year ... Read the full article

Marsh promotes Klint to lead risk management in Continental Europe

27th October 2020

Insurance broker Marsh has announced the appointment of Carolina Klint as Risk Management Leader for Continental Europe. Based in Stockholm, Klint will report to Siegmund Fahrig, Chief Executive Officer of Marsh Continental Europe. She brings over 18 years of international and leadership experience to the role, having joined Marsh from AIG in ... Read the full article

Marsh hires new US Cyber Incident Management Leader

15th October 2020

Global insurance and reinsurance broker, Marsh, has announced the appointment of Katherine Keefe as US Cyber Incident Management Leader. In this newly created role, Keefe will be responsible for leading the broker's efforts to assist clients responding to and managing cyber events, including data breaches and ransomware attacks, whilst giving advice ... Read the full article

Guy Carpenter targets program market with launch of GC Access

14th October 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of GC Access (SM), a new business unit designed to provide dedicated MGA program business solutions. The new business division offers a range of services to MGAs and carriers operating within the program market, including carrier and reinsurance ... Read the full article

Marsh adds senior hires to UK aviation team

14th October 2020

Re/insurance broker Marsh has announced the appointment of Mark Walters as a Managing Director within the UK Aviation Practice, effective immediately. In this role, he will provide senior insurance and risk advisory services to Marsh JLT Specialty’s UK aviation and aerospace clients, which includes airlines, airports, manufacturers, and ancillary providers. Walters was ... Read the full article

Marsh forms digital asset partnership with HUB Security

5th October 2020

Re/insurance broker Marsh has partnered with HUB Security, a hardware cybersecurity solutions provider, to offer an insured storage solution that enables US financial institutions to offer digital asset custodial services. Clients will be able to store and manage digital assets, including cryptocurrency, on HUB's military-grade technological platform. They can also purchase up ... Read the full article

Marsh appoints Chief Digital, Data & Analytics Officer

24th September 2020

Re/insurance broker, Marsh has announced the appointment of Tamara Simpkins Franklin as Chief Digital, Data, and Analytics Officer. Her position will be effective from 1st October. She will be based in New York, and will report to John Doyle, President & CEO of Marsh. In this role, Franklin will be responsible for ... Read the full article

Captive use rises amid pandemic volatility: Marsh

21st September 2020

According to insurance broker Marsh, more organizations are turning to captives for insurance protection and financial flexibility in response to an increasingly difficult risk landscape. In its 2020 Captive Landscape Report, Marsh reported that tightening global insurance market conditions throughout 2019 have led to higher captive utilization with steep premium volume ... Read the full article

Marsh’s Dean Klisura named President of Guy Carpenter

10th September 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has appointed Dean Klisura as its new President, effective October 1st, 2020. Klisura will report to Guy Carpenter's Chief Executive Officer (CEO), Peter Hearn, and will continue to be based in New York. In this newly-created role, he takes responsibility for Guy Carpenter's ... Read the full article

Marsh Commercial to provide risk & insurance services to Pall-Ex Group

27th August 2020

UK insurance broker and risk advisor, Marsh Commercial, part of Marsh, has announced that it is to provide insurance and risk management services to Pall-Ex Group. Pall-Ex Group is a global palletised freight distribution network comprised of SME haulage companies, and members of its pallet delivery network. This announcement follows the establishment ... Read the full article

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