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Reinsurance News


Marsh launches digital labs to develop new tech strategies

18th April 2018

Re/insurance broker Marsh has announced the launch of Marsh Digital Labs, an incubator focused on experimenting with emerging technologies, developing new products and business models, and engaging with clients, carriers, and InsurTech companies. Part of Marsh’s broader Digital, Data, and Analytics organisation, Marsh Digital Labs is based in San Francisco, California, ... Read the full article

Marsh’s Lay leaves Canada to become CEO of UK & Ireland

13th April 2018

Marsh has announced that Chris Lay is to become Chief Executive Officer (CEO) of its UK & Ireland region and of Marsh Limited, and has appointed Sarah Robson to replace him as President and CEO of Marsh Canada. Lay, who has been with Marsh for 30 years, will relocate back to ... Read the full article

Christos Adamantiadis joins Marsh as CEO of combined Middle East & Africa region

11th April 2018

Global insurance and reinsurance broker Marsh has announced the appointment of Christos Adamantiadis as Chief Executive Officer (CEO) of a newly combined Middle East and Africa region, effective May 1st, 2018. In his new role, Adamantiadis will be based in Dubai and report to Flavio Piccolomini, President of Marsh International. The position will see ... Read the full article

Marsh names Sue Woolterton as Head of Specialties

29th March 2018

Marsh has appointed Sue Woolterton to the newly created position of Head of Specialities, to be based in the firm’s second largest UK office in Norwich. Woolterton, who has been with Marsh since 1987, will now be responsible for developing Marsh’s UK Specialties Division, which covers its marine, energy, aviation, construction, ... Read the full article

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

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