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.
Neil Walker joins Brit from Marsh as Head of UK Property
16th March 2018
UK insurer and reinsurer Brit Ltd has announced that Neil Walker has joined the company as its new Head of UK Property, effective from February 12th, 2018. In his new role, Walker reports to Tom Hillier, Divisional Director, Specialist Liability, and is responsible for managing and expanding Brit’s UK Property offering, ... Read the full article
Marsh becomes first re/insurance broker to join the Enterprise Ethereum Alliance
15th March 2018
Re/insurance broker and risk management firm Marsh, LLC has announced that it has joined the Enterprise Ethereum Alliance (EEA). Now with over 400 member companies, the EEA is the world’s largest blockchain initiative, although Marsh represents the first re/insurance broker to join its ranks. The EEA’s objective is to establish industry standards ... Read the full article
Average global insurance pricing increased by 0.8% in Q4: Marsh
1st March 2018
Record-setting catastrophe losses in 2017 sparked hopes of a bottoming out of the soft market cycle and although re/insurance renewal rates trailed expectations, Q4 2017 saw a reversal of the trend of declining rates as global insurance industry prices increased for the first time in four years, according to Marsh ... Read the full article
Multinationals cite major concern over growing political risk: Marsh
27th February 2018
Geopolitical instability remains a top concern for multinational businesses in 2018 with events such as the North Korea missile crisis, Euroscepticism, and increased trade protectionism, driving political risk that could boost demand for credit and political risk re/insurance. Marsh's 2018 Political Risk Map found regions facing political turbulence or increased protectionist trends ... Read the full article
Cyber risk management lags behind growing threat to business: Marsh, Microsoft
16th February 2018
Although the majority of senior executives view cyber as a top risk management priority, few organisations are confident in their ability to manage the risk of a cyber-attack, according to a survey by Marsh and Microsoft that highlighted ways in which risk management is falling behind in cyber risk mitigation ... Read the full article
Marsh appoints Jamie Saunders to cyber risk strategic advisor
27th October 2017
Marsh has named former Director of the National Cyber Crime Unit at the National Crime Agency (NCA), Jamie Saunders, as new strategic adviser on cyber risk management for UK specialist cyber security within the Client Advisory Services division. In his newly-created London based role, Dr Saunders will provide strategic cyber security ... Read the full article
Marsh promotes Ellen Charnley to Captive Solutions president
6th October 2017
Marsh has promoted Ellen Charnley from global sales leader to president of its Marsh Captive Solutions business with immediate effect. Charnley will assume leadership of Marsh's advisory solutions and 1,200 captives in 44 domiciles around the world, reporting to Michael Poulos, Marsh’s Client Advisory Services Leader, and succeeding Nick Durant, who has ... Read the full article
Canada Life Re & PICA in £3.4bn longevity transfer with MMC UK Pension Fund
14th September 2017
The Marsh & McLennan Companies (MMC) UK Pension Fund has entered into a £3.4 billion ($4.5bn) longevity reinsurance agreement with Canada Life Reinsurance and The Prudential Insurance Company of America (PICA), which covers the liabilities of around 7,500 pensioner members. The transaction is the first longevity risk transfer to be completed ... Read the full article
Marsh announces new management structure & names key senior executives
8th September 2017
President and Chief Executive Officer of Marsh, John Doyle, has announced the addition of Global Risk & Digital and Global placement specialities units as well as new appointments to the firm's executive management team as part of a restructuring effort. Doyle commented; “this is an exciting time in our industry as ... Read the full article
David Nayler joins Marsh from Aon as Leader of UK Financial Institutions practice
1st September 2017
Marsh has named David Nayler, who joins from Aon, as Leader of its UK Financial Institutions Industry Practice, with effect from early 2018. In his new role, Nayler will lead client management, technical, placement and risk management specialists to support Marsh’s financial institutions clients in risk mitigation. He will report to Charles Beresford-Davies, Risk ... Read the full article
Global commercial rates continue to decline, pressuring combined ratios: Marsh
16th August 2017
Commercial insurance rates declined, on average, for the seventeenth consecutive quarter in Q2 2017, driven by excess capacity and intense competition, according to the latest Marsh Insurance Market Index. Moderating renewal rate declines in the global commercial insurance market occurred in Q2 for the sixth consecutive quarter, declining, on average, across ... Read the full article
Marsh & McLennan Agency announces hire of new President and COO
1st August 2017
Marsh & McLennan Agency (MAA) has expanded its executive team with the appointment of Bill Jeatran to President and Christina Mott to Chief Operating Officer. Jeatran and Mott will be reporting to Chairman and CEO of MMA David Eslick. Jeatran succeeds Ben Allen who has left the firm; as President he'll develop the ... Read the full article
Marsh appoints Sastry Durvasula to Chief Digital, Data & Analytics Officer
11th July 2017
Marsh announced the appointment of Sastry Durvasula, who joins from a role as Enterprise Head of Data and Digital Technology with American Express, to Chief Digital Officer and Chief Data & Analytics Officer, effective August 14th, 2017. Durvasula will head up Marsh's global development and delivery of digital processes, data analytics, and ... Read the full article
John Doyle to succeed Peter Zaffino as CEO of Marsh
7th July 2017
Marsh & McLennan Companies, Inc. has announced the appointment of John Doyle as Chief Executive Officer (CEO) of Marsh, replacing Peter Zaffino after his recently announced move to AIG. Doyle's appointment is effective immediately, and he will report to President and CEO of Marsh & McLennan, Dan Glaser, and will continue to ... Read the full article
Marsh names leaders for new aviation consortium
12th June 2017
Insurance and reinsurance brokers Marsh have named senior leaders for its newly launched aviation insurance consortium, the Aircraft Finance Insurance Consortium (AFIC). The consortium, which is backed with capacity from four major re/insurance players, Allianz, AXIS Capital, Sompo International (formerly Endurance), and Fidelis, will offer a “unique non-payment insurance product” ... Read the full article
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