Marsh McLennan
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They will lead a new effort to deliver “innovative solutions” at the intersections of Marsh, Mercer, Guy Carpenter and Oliver Wyman. -
The executive noted that the quarter marked the 21st quarter of rate increases.
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The charges spanned workforce actions, rationalizing technology and reducing the overall real estate footprint.
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The executive said the 1 January renewal was the “most challenging” in almost two decades.
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Organic growth has been slowing after a period of bumper double-digit expansion.
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Perry will take up his new role alongside his responsibilities as global political risk and structured credit leader at Marsh Specialty.
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Under the terms of the renewal, the brokers made several concessions to underwriters, including making PV and SRCC risks prior submit, rather than automatic delegation.
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In his new role, Knowles will report to Lucy Clarke, president of Marsh Specialty, and will relocate from London to New York in Q2 2023.
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In the past two years, the broker has seen more captive uptake than any point since the 1980s.
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Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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It is understood that Wilson will join Marsh as a vice president, having previously worked at UIB, International Risk Solutions and Aon.
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In addition, the executive will be eligible to participate in the company's long-term incentive program with a target grant date value of $11.1mn.
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