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Reinsurance News


Marsh develops new professional indemnity solution for UK law firms

15th August 2018

Global re/insurance broker Marsh has launched a new insurance solution designed to help small and mid-sized law firms in England and Wales manage their professional indemnity (PI) risks. Available exclusively to Marsh clients, the solution uses analytics and independent performance data to model a firm's individual risk profile and provide tailored ... Read the full article

Marsh appoints new Client Advisory Services leaders for UK and International

13th August 2018

Insurance and reinsurance broker Marsh has appointed Giampaolo Scarso to the newly created role of Client Advisory Services (CAS) Leader for its International division and Charlie Netherton as CAS Leader for UK & Ireland. CAS is focused on delivering strategic advisory services, and includes Marsh’s global risk consulting, analytics, captive management, ... Read the full article

Global insurance pricing up again in Q2: Marsh

8th August 2018

Insurance and reinsurance broker Marsh's latest Global Insurance Market Index, reveals that global commercial insurance rates increased, on average, for the third consecutive quarter in the second-quarter of 2018, with property and financial and professional (FinPro) lines driving increases, once again. Marsh notes that overall, the global insurance market remained stable ... Read the full article

Marsh completes purchase of Wortham Insurance

2nd August 2018

Global insurance and reinsurance broker Marsh has completed its previously announced acquisition of Houston-based independent insurance brokerage Wortham Insurance. Marsh originally announced in June 2018 that it planned to acquire the Texan broker, which has 530 colleagues based across its offices in Austin, Dallas, Fort Worth, Houston, and San Antonio, ... Read the full article

Marsh names Kevin Richards as Global Head of Cyber Risk Consulting

10th July 2018

Global insurance and reinsurance broker Marsh has appointed Kevin Richards to the newly-created position of Global Head of Cyber Risk Consulting. Richards will be tasked with leading the strategic development and delivery of Marsh’s cyber risk consulting business worldwide, and will work closely with the company's regional and local cyber risk ... Read the full article

Marsh expands Texas operations with Wortham Insurance acquisition

25th June 2018

Global insurance and reinsurance broker Marsh has announced that it will acquire Houston-based independent insurance brokerage, Wortham Insurance. An agreement has now been reached between the two companies and the deal is expected to close in the third-quarter of this year, although terms of the transaction were not disclosed. Wortham has over ... Read the full article

Parametric re/insurance potential in commercial risks highlighted

21st June 2018

A new report from Airmic in collaboration with reinsurance giant Swiss Re's commercial insurance arm and insurance and reinsurance brokerage Marsh, highlights the potential for parametric re/insurance solutions to become more mainstream in the commercial space. Parametric insurance remains more common place in the alternative reinsurance, or insurance-linked securities (ILS) sector, ... Read the full article

Increasing number of firms using captives to finance emerging risks: Marsh

5th June 2018

Leading insurance broker and risk management solutions firm, Marsh & McLennan, has released a report that reveals captive insurance vehicles’ growing popularity among risk managers seeking alternative ways to finance emerging risks. 1,100 captives managed by Marsh Captive Solutions globally were examined by Marsh’s 2018 Captive Landscape Report. The study found a ... Read the full article

Property & FinPro lines drive commercial rate increases in Q1: Marsh

18th May 2018

Following over four years of consecutive quarterly declines, global commercial insurance prices increased, on average, during the first-quarter of 2018, according to broker Marsh's Global Insurance Market Index. The majority of regions showed either moderate increase in average prices during Q1, or a slowdown in the pace of declines, driven largely ... Read the full article

Munich Re and Marsh collaborate on pandemic risk solution

18th May 2018

Munich Re and re/insurance broker Marsh have collaborated on a new pandemic risk insurance solution in conjunction with health analytics firm Metabiota, which aims to protect U.S-based businesses from outbreaks of infectious disease. The new solution, called PathogenRX, will use triggers like Metabiota’s new Pathogen Sentiment Index to help businesses more ... Read the full article

Marsh and Validus collaborate on new U.S fintech policy

3rd May 2018

Re/insurance broker and risk management firm Marsh has collaborated with Validus Specialty, an underwriter of professional liability solutions, to develop FINTECH Protect, a financial and professional re/insurance solution that manages the growing risks of U.S-based fintech companies. Unlike traditional forms of re/insurance for financial and technology industries, FINTECH Protect offers comprehensive ... Read the full article

Marsh and IBM to streamline proof of insurance with blockchain tech

25th April 2018

Insurance broker Marsh has announced a collaborative partnership with IBM, ACORD, and ISN, which will leverage blockchain technology to provide commercial solutions for proof of insurance. The companies believe blockchain technology will streamline the certificate of insurance process, which is currently manual, and allow clients to more easily hire contractors and ... Read the full article

Metabiota unveils Pathogen Sentiment Index & agreement with Munich Re, Marsh

20th April 2018

Epidemic risk modeller Metabiota has announced details of its Pathogen Sentiment Index, a tool that enables the estimation of public fear and behavioural change as a result of infectious disease outbreaks, and which is to be used to develop epidemic insurance solutions through an exclusive agreement with reinsurer Munich Re and ... Read the full article

Marsh develops new cyber suite for business interruption risks

19th April 2018

Re/insurance broker and risk management solutions firm Marsh has committed to addressing the growing threat of business interruption (BI) from cyber-attacks with the launch of a suite of new and enhanced risk analytics and insurance solutions. Demand for BI solutions has grown in response to high-profile cyber events like the WannaCry ... Read the full article

Marsh names Paul Denny as UK FINPRO Leader

18th April 2018

Marsh, a global re/insurance broker and risk management firm, has appointed Paul Denny as UK Financial and Professional Practice (FINPRO) Leader. Denny will be responsible for managing Marsh’s UK management liability, financial services, professional liability and specie risk teams, and will report to Paul Moody, Chief Executive Officer (CEO) of Marsh’s ... Read the full article

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