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.
Stephen McKay named UK Advisory Leader, Marsh
25th July 2024
Marsh, the insurance broking division of Marsh McLennan, has appointed Stephen McKay as UK Advisory Leader, where he will be based in London, reporting to Chris Lay, CEO, Marsh McLennan UK and Giampaolo Scarso, Advisory Leader, International, Marsh, subject to regulatory approval. At the same time, it has also been confirmed ... Read the full article
Flat commercial insurance rates in Q2 halt 26-quarter increase trend: Marsh
24th July 2024
Global commercial insurance rates were reportedly flat in Q2 of 2024, down from a 1% increase in Q1, ending the 26 consecutive quarter streak of increasing rates, as per Marsh's Global Insurance Market Index. According to Marsh, Q2 of 2024 marks the first time in nearly seven years that the global ... Read the full article
Guy Carpenter sees 10% revenue increase in Q2’24
18th July 2024
The reinsurance broking arm of Marsh McLennan (MMC), Guy Carpenter, generated revenue of $632 million in the second quarter of 2024, an increase of 10%, or 11% on an underlying basis, contributing to another strong quarter for one of the world's largest re/insurance brokers. Guy Carpenter sits within MMC's Risk & ... Read the full article
Marsh McLennan Agency to acquire Illinois-based broker Horton
10th July 2024
Marsh McLennan Agency, a subsidiary of Marsh, has entered into a definitive agreement to acquire The Horton Group, Inc., a full-service insurance brokerage based in Illinois, US. Horton, which was founded in 1971, offers property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, ... Read the full article
Important to develop future leaders in evolving re/insurance industry: Marsh McLennan
28th June 2024
The insurance and reinsurance industry has a pivotal role to play in developing its future leaders to meet the unique demands and challenges presented by today’s increasingly complex global environment, as highlighted at the Marsh McLennan Rising Professionals’ Global Forum. John Doyle, President and CEO of Marsh McLennan, underscored the growing ... Read the full article
European cyber insurance market now more friendly, says Marsh
20th June 2024
The European cyber insurance market has become much more friendly, with increased capacity per layer, significant overall capacity growth, removal of coverage restrictions, and more enhancements and innovative coverages available, according to Macarena Bandres, Cyber Placement Leader at Marsh Europe. Bandres’ spoke this morning at Marsh’s Europe Cyber Market Update, noting ... Read the full article
UK cyber insurance market becomes increasingly “buyer-friendly”, Marsh
14th June 2024
The UK cyber insurance market has become increasingly “buyer-friendly”, with an abundance of capacity and intense competition among insurers driving rate decreases, according to Marsh's Q1 2024 cyber insurance report. At the same time, generative AI (GenAI) continues to be a rapidly evolving risk, with its impact on cybersecurity under scrutiny ... Read the full article
Anne Rappa appointed Fine Arts and Specie Leader at Marsh McLennan Agency
17th May 2024
Marsh McLennan Agency, part of global insurance and reinsurance brokerage Marsh McLennan, has announced the appointment of Anne Rappa as the Fine Arts and Specie Leader, effective May 20. In this newly established role, Rappa will spearhead the development and implementation of customised solutions aimed at safeguarding clients' valuable assets against ... Read the full article
Marsh announces launch of new Tax Investment Default Insurance solution
15th May 2024
Marsh, an international insurance broker and Marsh McLennan business, has launched its Tax Investment Default Insurance, created to enable more US clean energy investments Described as a first-of-its-kind solution, the new product was designed to expand the pool of capital available to invest in federal tax credits tied to renewable energy ... Read the full article
Marsh launches tailored insurance solution for EU crypto-asset providers
8th May 2024
Marsh, the insurance broking division of Marsh McLennan, has launched MiCAssure, a tailored insurance solution for crypto-asset service providers within the European Union (EU). This innovative insurance offering is designed for EU-based crypto-asset service providers such as custodians, exchanges, and administrators, who must comply with the forthcoming Markets in Crypto-Assets Regulation ... Read the full article
Marsh enhances Cyber ECHO facility with additional $25m layer of capacity
29th April 2024
Insurance broker Marsh's Cyber ECHO facility, which is underwritten by Lloyd's insurers and enables clients to access capacity for complex cyber and technology risk exposures in any territory licensed by Lloyd’s, now provides up to $125 million of excess insurance capacity. Marsh today announced an additional $25 million layer to its ... Read the full article
Marsh names Christophe Letondot as leader of new Global Alternative Risk Solutions practice
25th April 2024
Marsh, the insurance broking division of Marsh McLennan, has established a new unit which combines its expertise and strategy in parametrics, alternative risk transfer, captives, and complex risk under a single practice, called Global Alternative Risk Solutions. The new practice will be led by Christophe Letondot, an experienced financial services professional ... Read the full article
Insurance pricing continues to moderate while rates decline in majority of regions, says Marsh
24th April 2024
Global commercial insurance rates climbed 1% in the first quarter of 2024, down from the 2% increase that was seen in the fourth quarter of 2023, according to the Global Insurance Market Index released by insurance broker and risk advisor and a business of Marsh McLennan, Marsh. Rates continued to be ... Read the full article
Guy Carpenter’s revenue rises to $1.1bn in Q1’24
18th April 2024
Guy Carpenter, the reinsurance broking arm of Marsh McLennan (MMC), recorded a 7% rise in revenue in the first quarter of 2024 to $1.1 billion, as MMC President and CEO, John Doyle, welcomes a "terrific start" to 2024 for the global broking group. The company's reinsurance arm sits within its Risk ... Read the full article
Alexander Pui named SVP, Climate and Sustainability Consulting, Marsh Asia
28th March 2024
Insurance broker and risk advisor Marsh has appointed Alexander Pui as Senior Vice President, Climate and Sustainability Consulting, for Marsh Asia. A renowned figure within the sector, Pui was named the Risk Leader of the Year by the Risk Management Institute of Australia in 2022 . In addition, he founded the global ... Read the full article
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