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 appoints Rahr as Global Leader, Multinational Client Service

6th April 2020

Global insurance broker Marsh has appointed David Rahr as Global Leader, Multinational Client Service. Based in Chicago, Rahr will report to Flavio Piccolomini, President, Marsh International, and Martin South, President, US and Canada. Rahr succeeds Justin Walsleben, who has retired from the firm. He will oversee Marsh’s Multinational Client Service team and most ... Read the full article

Marsh & McLennan Agency acquires Assurance Holdings

3rd April 2020

Marsh & McLennan Agency, the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Illinois-based Assurance Holdings. Assurance was founded in 1961 and is a full-service brokerage providing business insurance, employee benefits, private client insurance and retirement services to companies and individuals across the country. The company ... Read the full article

Marsh appoints Fiona Park to multinational practice leader role

20th March 2020

Global insurance broker Marsh has appointed Fiona Park as its multinational practice leader for Scotland within its UK corporate division. Based in Glasgow, Park will lead a team which brings together expertise across Marsh’s Corporate offices in Aberdeen, Edinburgh, and Glasgow, and the business’s global network. She reports to Allan McPherson, regional ... Read the full article

Marsh announces Brian Hanuschak as CEO of Victor

10th March 2020

Global insurance brokerage Marsh has announced the appointment of Brian Hanuschak as Chief Executive Officer (CEO) of Victor Insurance Holdings, effective immediately. In his expanded role as CEO of the world's largest managing general underwriter (MGU), Hanuschak takes oversight of the company's global operations including Victor North America, ICAT, Dovetail, and ... Read the full article

Marsh opens Cyber Catalyst 2020 evaluation program

4th March 2020

Re/insurance broker Marsh has announced the 2020 opening of its Cyber Catalyst program, which aims to evaluate and designate products and services that can be effective against major cyber threats. In the inaugural 2019 program, more than 150 products and services were submitted for evaluation, with 17 ultimately receiving a Cyber ... Read the full article

CAC Specialty adds Marsh’s John Kim as environmental exec

4th March 2020

Specialty insurance broker and investment banking platform CAC Specialty has announced the appointment of John Kim as senior vice president within its environmental practice group. Kim brings over 25 years’ experience and most recently served as a managing director at Marsh. He began his career as an industrial hygienist and environmental scientist, ... Read the full article

MMC appoints FEMA’s Dr. Kaniewski as MD, Public Sector

3rd March 2020

The former Deputy Administrator for Resilience at the Federal Emergency Management Agency (FEMA), Daniel Kaniewski, has joined Marsh & McLennan Advantage as Managing Director, Public Sector. The Marsh & McLennan Advantage group combines the expertise from across the global re/insurance broker's four businesses in order to deliver innovative solutions to clients. In ... Read the full article

Garrett Hanrahan promoted to Global Head of Aviation, Marsh JLT Specialty

26th February 2020

Global insurance brokerage Marsh has announced that Garrett Hanrahan has been promoted to Global Head of Aviation, Marsh JLT Specialty, effective April 15th, 2020. Hanrahan has been appointed as the successor to Simon Harker, who is retiring after 44 years in the industry. In his new role, Hanrahan will be based ... Read the full article

Commercial insurance pricing up 11% in Q4, reports Marsh

12th February 2020

Global average commercial insurance prices increased by 11% in the fourth quarter of 2019, according to data released by re/insurance brokerage Marsh. The firm’s Global Insurance Market Index found that average price increases were driven mainly by growth in property insurance rates and financial and professional lines. Last quarter marked the ninth ... Read the full article

Marsh & McLennan adds Krause as Southeast Regional CEO

7th February 2020

Marsh & McLennan Agency, the middle market agency of global re/insurance broker Marsh, has announced the appointment of Peter Krause as Southeast Regional Chief Executive Officer. Effective immediately, Krause will report to David Eslick, chairman and CEO of MMA, and oversee MMA’s offices in Georgia , Alabama, Tennessee, Kentucky and Tallahassee. He ... Read the full article

Marsh & JLT fully integrate Indonesian operations

5th February 2020

Another next step in the continued integration of JLT and Marsh has now completed, with PT Jardine Lloyd Thompson Indonesia now fully merged into PT Marsh Indonesia, effective February 3rd, 2020. The integration expands Marsh in the region by combining the strength and expertise of the two firms into one brokerage. ... Read the full article

Crypto exchange Bittrex secures $300m cold storage cover

3rd February 2020

US blockchain technology and cryptocurrency exchange Bittrex has obtained digital asset insurance of up to $300 million for its cold storage system. Bittrex worked closely with Marsh in placing cover with Arch Syndicate 2012, which provides protection from external theft and internal collusion. The company was approved for the coverage after successfully ... Read the full article

Guy Carpenter helps Marsh & McLennan to overall revenue growth in Q4

30th January 2020

Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, Inc., has recorded revenue growth of 10% and 5%, on an underlying basis, for the fourth-quarter and full-year 2019, respectively. The reinsurance broker's revenue in the quarter increased to $152 million from the $102 million reported a year earlier. For ... Read the full article

Marsh Commercial to combine broker networks into single business

30th January 2020

Marsh Commercial, a division of Marsh & McLennan Companies, has announced plans to merge its three broker networks into a single proposition, called Marsh Networks. The new entity will be comprised of Marsh ProBroker, Bluefin Network, and Purple Partnership. Once combined, members of all three networks will have deeper and wider ... Read the full article

Philip Turner appointed UK Head of Specie, Marsh JLT Specialty

24th January 2020

Global re/insurance brokerage Marsh has announced that Philip Turner has rejoined the company as UK Head of Specie within Marsh JLT Specialty, based in London. Turner brings more than four decades of experience to the role, and is expected to join the firm in the first-quarter of 2020. Previously, Turner served as ... Read the full article

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