Marsh McLennan
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Pat Donnelly has succeeded Lucy Clarke at Marsh, and Adam Garrard at WTW has moved into a chairman role. -
Global property cat rates were up 30% during the quarter.
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Global property cat reinsurance posted the most notable risk-adjusted rate increases, spiking about 30% on average, with loss-impacted clients seeing higher pricing.
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The results represent a return to double-digit expansion following three quarters of single-digit growth.
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Kelly Butler will be responsible for the strategic development and delivery of Marsh UK cyber insurance and placement capabilities.
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The executive will report to international segment co-heads Adam Clifford and Jason Keen.
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The insurance industry is looking to play a part in supporting the rebuild of the war-torn country.
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The supply-chain finance firm dramatically collapsed in 2021 after its trade credit insurance was pulled.
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There are more examples in the market of more experienced entrepreneurs going out to get capital to start up and "do it themselves”, according to CIO Dan Topping.
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The executive was previously co-CEO of First Republic Bank.
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Lloyd's chief of markets Patrick Tiernan set out some of the reasons why Lloyd's controversial approach to cyber war segregations could have had a "softer landing".
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Miller has made a string of senior hires in its marine team in the past few months.
Most Recent
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Correction: Branagan to stay with Mosaic TL team
16 May 2025 -
Daily Digest: Top news from 16 May
16 May 2025