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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 agrees to split with specialty broker Construction Risk Partners

6th September 2019

Global re/insurance brokerage Marsh has reached an agreement with Construction Risk Partners (CRP), a specialty broker focused on US construction, whereby CRP management will buy back the company’s stock from JLT Specialty USA. CRP will begin operating as an independent construction risk and surety specialty insurance broker with immediate effect, maintaining ... Read the full article

Marsh announces senior cyber, digital assets appointments

5th September 2019

Global re/insurance brokerage Marsh has announced the appointments of Adam Wickens as Digital Asset Leader and Brian Warszona as Cyber Growth Leader in the UK Financial & Professional Practice of Marsh JLT Specialty. Wickens, who brings 20 years’ experience to Marsh, steps into a newly created position and will be responsible ... Read the full article

Marsh appoints senior leaders for Property and FINPRO practices

4th September 2019

Global re/insurance brokerage Marsh has announced the appointments of Michael Rouse as head of US Property and Michelle Sartain as head of Financial and Professional Liability (FINPRO) for the US and Canada. Effective immediately, Rouse will now assume leadership of Marsh’s US Property Practice from Duncan Ellis, who has left the ... Read the full article

Marsh’s Duncan Ellis to join AIG as Head of Retail Property, NA General Insurance

4th September 2019

Global insurer American International Group (AIG) has appointed Duncan Ellis as Head of Retail Property, North America General Insurance, based in New York and reporting to Ken Riegler, President of North America General Insurance, Product & Field Management. Ellis joins the firm in late September from global re/insurance broker Marsh, where ... Read the full article

Marsh strengthens leadership of US, Canada Energy & Power Practice

22nd August 2019

Global re/insurance brokerage Marsh has appointed Amy Barnes and Brad Vescarelli to leadership positions within its US and Canada Energy and Power Practice. Barnes had previously worked to help to shape the newly formed Marsh-JLT Specialty Energy and Power team. She will now report to Pat Donnelly, Head of US and Canada ... Read the full article

Demand for W&I cover in EMEA rises as claims notifications spike: Marsh

19th August 2019

Marsh has released its Transactional Risk Insurance Claims study, which reveals that since 2016, warranty & indemnity (W&I) claims notifications across Europe, the Middle East and Africa (EMEA) have increased significantly. Insurance and reinsurance broker Marsh notes that claims notifications have increased by 293% from 2016 to 2018, adding that this ... Read the full article

The Boeing Company’s Michael Tarling rejoins Marsh

7th August 2019

International re/insurance brokerage Marsh has appointed Michael Tarling as Senior Adviser within the Aviation Practice of Marsh JLT Specialty. Tarling previously worked for Marsh between 2005 and 2011, and rejoins the broker in what's a newly-created position that will see him deliver senior client engagement and risk advisory services to Marsh ... Read the full article

Marsh & McLennan’s revenue up 16% to $4.3 billion in Q2

30th July 2019

Global insurance and reinsurance broker, Marsh & McLennan Companies, Inc. (MMC), has reported consolidated revenue growth of 16% to $4.3 billion and underlying revenue growth of 4% for Q2 2019, which is the first time its results have included JLT, which it acquired for $5.6 billion. Underlying revenue growth of 4% ... Read the full article

Marsh appoints Ian Drillot as Head of Guernsey Captive Operations

29th July 2019

Global re/insurance broker Marsh has announced the appointment of Ian Drillot as Head of Office, Marsh Captive Solutions, Guernsey. Drillot was previously Head of JLT’s Guernsey captive office, before which he was an accountant with Deloitte. As Head of Office, Drillot will oversee the continued development and expansion of Marsh’s Captive Solutions’ ... Read the full article

Marsh & McLennan Board elects Tamara Ingram as a director

19th July 2019

The Board of Directors of global re/insurance brokerage Marsh & McLennan Companies, Inc. has elected Tamara Ingram as a director. The appointment is effective July 19th, 2019 and takes the number of directors on the Board to 13. Ingram currently serves as Global Chairman at Wunderman Thompson, a data and technology agency ... Read the full article

Use of transactional risk insurance swelled in 2018: Marsh

17th July 2019

A new report from global re/insurance brokerage Marsh suggests the use of transactional risk insurance underwent a significant increase in 2018. For example, policy limits in excess of $1 billion are now being made available for single transactions as private equity firms and strategic investors increasingly use insurance to reduce the ... Read the full article

Marsh partners with Sompo to offer aircraft finance insurance consortium in Japan

26th June 2019

Global re/insurance broker Marsh has launched a Japanese Aircraft Finance Insurance Consortium (Japanese AFIC) in collaboration with Sompo Japan Nipponkoa Insurance Inc. and Sompo International. The new consortium will offer the same terms as Marsh’s global AFIC program to Japanese financial institutions through a Japanese insurer. Launched in 2017, Marsh's AFIC provides ... Read the full article

Marsh names Brian Hanuschak as President of Victor North America Global

20th June 2019

Global re/insurance broker Marsh has appointed Brian Hanuschak as President of North America for Victor Insurance Holdings, its managing general underwriting (MGU) business. The announcement follows the appointment of Christopher Schaper as CEO of AIG’s new reinsurance operations, who previously served as CEO of Victor Insurance Holdings. Hanuschak has led Victor ... Read the full article

Marsh names CEO & Client Director of UK Real Estate Practice

19th June 2019

Global re/insurance broker Marsh has announced the appointments of Tim Scoble as Chief Executive Officer (CEO) of its UK Real Estate Practice, and Mark Lumley as Client Director. Part of Marsh JLT Specialty, the UK Real Estate Practice provides insurance and risk advisory services to real estate owners, operators, managers, and ... Read the full article

MMC urges U.S Senate to renew terrorism risk insurance act

19th June 2019

Tarique Nageer, Property Terrorism Placement and Advisory Leader at Marsh, a Marsh & McLennan firm, has testified before a U.S Senate Committee to highlight the importance of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). Nageer urged members of the Committee on Banking, Housing and Urban Affairs to renew the Act, ... Read the full article

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