Marsh McLennan

Gallagher is continuing its hiring splurge within its construction practice, as Marsh’s Stuart Freeman looks set to become the latest addition to the team, Insurance Insider can reveal.

The rate-on-line index rise is the steepest uplift in 16 years.

John Forder will focus on major international contractors, while Daniel Busuttil will be tasked with supporting global infrastructure clients.

The CEO said Marsh McLennan had grown EPS through previous recessions and that tailwinds remained for the business.

The broker’s results are being watched closely for signs of how the sector will fare in the current economic landscape.

The loss comes hard on the heels of a large BI claim stemming from the Freeport LNG refinery.

The manufacturer suffered heavy damage to its Prospecton factory in April.

Continuing price rises in cyber are fuelling concerns there will be a rise among insureds deciding not to renew and a drop in new buyers.

The broker expects UK underwriters to target industries aligned with appetites, leading to pricing divergence.

As momentum builds for greater transparency on ESG and net-zero transitions across the insurance ecosystem, brokers are entering an evolution.

Sarah Neild will be based in London and will join Howden in November.

Perry will be based in London and report to Nick Robson, global leader, credit specialties.