Marsh McLennan
-
WTW is looking to strategically hire across its business, having rebuilt its team following the failed Aon merger.
-
The broker had been vying with Marsh McLennan and AJ Gallagher.
-
The broker said the $125mn excess cyber vehicle is now the largest of its kind.
-
The practice aligns existing capabilities from Marsh Specialty and others.
-
Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023.
-
The US casualty market was “challenging”, the executive said.
-
The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
-
Graham Knight will become chairman of natural resources.
-
Rates continue to trend downwards in the D&O class of business.
-
The move comes as rates continue to decrease in the D&O class.
-
-
The talks are advanced, and the process is likely to move rapidly.
-
The move reunites Van Leuven with former colleague Kristof De Bremme.
-
Marsh Specialty has released its Political Risk Report 2024.
-
The marine hull market is looking to retain rating robustness in 2024.
-
The facility was launched in November for grain shipments.
-
Brokers face pressure on margins as the market’s firming phase slows
-
Slipstream will be available to marine, cargo and logistics UK clients.
-
The broker had approached underwriters to consult on additional brokerage of 0.5%.
-
Insurance Insider reported last year that the facility was relaunching.
-
Trading on a data-first approach marks a 'new era of innovation', execs said.
-
Shannan Fort was a partner in McGill’s FI and cyber team.
-
-
The broker also announced Rob Geraghty as her successor.
-
Falling rates in finpro and increased competition in property drove the trend.
-
The CEO flagged a trend towards mega settlements and said there was concern around the direction of loss costs.
-
Property rate increases decelerated to 6% in Q4, compared to slowdowns of 7% in Q3 and 10% in Q2 2023.
-
The broker’s growth was down 3 points on the 10% reported in Q3 and level with the 7% posted in Q4 2022.
-
The executive has headed up Marsh’s Pacific region for the last four years, having joined via the acquisition of JLT.
-
The senior upstream energy broker departed Marsh last autumn.
-
In October 2023, it was announced that Powell was leaving Marsh to join WTW as the broker’s global chief claims officer.
-
Discussions include insuring military risks in the field of air and business travel to Ukraine.
-
The 737 Max fleet was previously grounded in 2019 following the fatal crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302, when Boeing had a $500mn sub-limit on such claims.
-
The Global Risks Report 2024, made in partnership with Marsh and Zurich, shows that extreme weather events, misinformation and disinformation are top risk severity concerns.
-
AIG leads the placement, WTW is the lead broker, with Marsh support, on the JAL account.
-
The Hartford, Canopius, Newline, QBE, CNA Hardy, Travelers, Hamilton and Volante are participating in the facility.
Most Recent
-
IUA adds Liberty’s Prato to board
13 May 2024 -
PoloWorks launches MGA incubator
13 May 2024