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.

Insurance pricing up 15% in Q3, led by cyber: Marsh

26th October 2021

Global commercial insurance prices increased by 15% in the third quarter of 2021, according to the latest Global Insurance Market Index released by re/insurance broker Marsh. It marks the 16th consecutive quarter of increases, but rates have continued to moderate in many lines of business and most geographies, suggesting that pricing ... Read the full article

Marsh clients to receive preferred D&O coverage on ESG-related exposures

25th October 2021

Global insurance and reinsurance broker Marsh has revealed a new directors and officers liability (D&O) insurance initiative that will recognize U.S. clients with superior environmental, social, and governance (ESG) frameworks. Marsh's clients will work with international law firms including Norton Rose Fulbright and Orrick, Herrington & Sutcliffe LLP to independently review, ... Read the full article

Guy Carpenter’s underlying revenue up 15% as Marsh hails outstanding quarter

21st October 2021

Reinsurance broker Guy Carpenter has reported a 15% rise in underlying revenue to $314 million for the third quarter of 2021, as its parent Marsh McLennan delivered impressive year-on-year growth. Buoyed by revenue growth across the business, global insurance and reinsurance brokerage Marsh McLennan has reported an increase in underlying revenue ... Read the full article

David Bruce named as CEO of Marsh Commercial

7th October 2021

Insurance broker and risk advisor Marsh has announced the appointment of David Bruce as Chief Executive Officer of Marsh Commercial. Effective January 1, 2022, Bruce will also join Marsh’s UK & Ireland Executive Committee. Bruce joined Marsh Commercial in 2018 as Chief Operating Officer and has held a number of senior broking ... Read the full article

Insurers must evolve or risk stifling sharing economy: Marsh

4th October 2021

Insurance broker and risk advisor Marsh has asserted that insurers must create new forms of coverage, including programs to support gig-workers at scale, in order to support changes in the global sharing economy and mobility sector. In a new report, analysts at Marsh noted that the COVID-19 pandemic has already accelerated ... Read the full article

Marsh Specialty adds leaders to UK Marine & Cargo Practice

15th September 2021

Insurance broker and risk advisor Marsh has announced the appointments of Sarah Dyer as Head of Logistics and Nick Adams as Business Development Leader within Marsh Specialty’s UK Marine & Cargo Practice. Based in London, Dyer will report to Louise Nevill, CEO, UK Marine & Cargo Practice, and Adams will report ... Read the full article

Marsh arranges $1bn+ insurance programme for OneWeb

2nd September 2021

OneWeb, the low Earth orbit (LEO) satellite communications entity, has extended its collaboration with global brokerage Marsh with a new $1 billion+ insurance programme. This agreement was placed with a panel of leading specialist insurers through Marsh, and is for an aggregate insured value of over $1 billion. The global insurance and ... Read the full article

Marsh & Citi develop risk structure to boost delivery of COVAX vaccines

17th August 2021

Insurance broker Marsh has collaborated with global bank Citi to create an innovative risk mitigation structure designed to help the Vaccine Alliance (Gavi) pre-purchase vaccines in bulk with greater confidence, and facilitate rapid and equitable distribution around the world. Developed on behalf of Gavi, the risk mitigation structure will cover the ... Read the full article

Marsh partners with Amazon on third-party seller liability cover

10th August 2021

Insurance broker Marsh has been working with online marketplace Amazon on its new digital insurance network designed to provide businesses with product liability cover. Amazon recently introduced new requirements for third-party sellers to obtain product liability cover after reaching $10,00 worth of sales within one month. To help sellers more easily and ... Read the full article

Marsh appoints WTW pair to newly-created leadership role

9th August 2021

Insurance broker Marsh has announced the appointments of John Atkinson and Michael Pokora to co-lead a new Senior Housing and Long-Term Care Practice for the US and Canada. Based in Chicago, they will report to Jeffrey Alpaugh, Marsh’s US and Canada Growth and Industry Leader. This is a newly-created dual leadership role ... Read the full article

Global commercial insurance pricing up 15% in Q2, finds Marsh

27th July 2021

Global commercial insurance prices increased 15% in the second quarter of 2021, according to the latest market index report by Marsh. It's reported that this year marks the 15th consecutive quarter of rate increases in the global commercial insurance market. Furthermore, it marks the third consecutive quarter to show a fall in ... Read the full article

Marsh, Guy Carpenter announce key leadership exchange

1st July 2021

Re/insurance brokers Marsh and Guy Carpenter have announced a series of key leadership appointments, including Paul Moody’s transition to serve as the latter’s UK Chief Executive Officer. Moody joins on September 1 from Marsh, a company he’s served for over two decades. He will report to Dean Klisura, President, Guy Carpenter and ... Read the full article

Marsh promotes Alex Guerin to Head of Office, London

28th June 2021

Insurance broker Marsh has appointed Alex Guerin as Head of Office, London, for its UK Corporate business, reporting to Andrew Wilton, Managing Director of UK Corporate’s South Region. In this role, Guerin will lead the London Corporate business team who advise clients on risk exposures and devise solutions to help them ... Read the full article

Prince Charles launches industry-led climate change task force at Lloyd’s

24th June 2021

HRH The Prince of Wales has launched his Sustainable Markets Initiative (SMI) insurance task force today during a visit to Lloyd’s of London. Chaired by Lloyd’s, the task force is composed of executives from many of the world’s largest re/insurers and aims to provide an influential platform for the sector to ... Read the full article

Marsh promotes Desmond to lead UK & Ireland Construction Industry

1st June 2021

Insurance broker Marsh has appointed Andy Desmond as UK & Ireland Construction Industry Leader. In this role, Desmond will support Marsh's construction clients by bringing together the construction sector, technical, placement and risk management specialists from across Marsh UK’s national and London-based specialty businesses. Throughout his 25-year career, he has practiced as ... Read the full article