Marsh McLennan

The cross-line facility launch – in a generally firm market – suggests that the tech-driven era of facilitisation is continuing to gain pace.

The facility will be the largest to launch since Aon Client Treaty in 2016.

The new facility will provide coverage for all major lines, except motor, and is backed by several A-rated Lloyd’s insurers.

The loss hits a market grappling with social and economic inflation, plus increased reinsurance costs.

Political instability, economic retrenchment, competition for strategic resources and supply-chain diversification are contributing to increasing risk.

The executives bring diverse management experience from energy, motor, publishing and agriculture.

With brokers shifting to new providers to place certain classes, and competition among e-trading firms intensifying, the placement platform landscape has reached a crucial turning point.

The broker’s London market specialty unit is on the brink of closing a deal with Whitespace to place North American casualty risks on the e-placement platform.

Based in Mexico City, Brockmann will report to Marsh McLennan International CEO Flavio Piccolomini, who took over that role earlier this month.

Lay will lead a new collaborative effort in the region to deliver innovative solutions and greater client impact.

Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.

Once again, cyber had the biggest increase in the quarter, while rates in financial and professional lines fell for the second consecutive quarter.