Marsh McLennan
-
Beazley and Lloyd’s recently joined Munich Re, Allianz and Axa in ruling out working on the project. -
With pricing surpassing a previous peak in 2002, new entrants and established carriers vied to secure business.
-
The broker said there was “genuine pressure” for downstream rate reductions, whilst renewable rate rises were single digit.
-
The broker’s political risk report has highlighted the competing interests between countries for ownership of untapped natural resources and space exploration.
-
It is understood that the Marsh and Aon Alpha facilities are those with the most exposure to the war in the Ukraine.
-
Until recently, the executive served as Marsh’s corporate strategy and sales regional leader based in Colombia.
-
The move is one of the first signals that the PV market anticipates industry insured losses from the conflict are already at $1bn or more.
-
The broker said the war in Ukraine and loss cost inflation were adding pressure to an already challenging market.
-
“We like where we are positioned right now in terms of the performance of some of that strategic hiring,” Glaser told analysts.
-
On an investor call for the broker’s Q1 results, Marsh McLennan COO John Doyle indicated overall pricing trends for Q1 ahead of the full index.
-
The company disclosed a $0mn loss from its risk & insurance services unit and a $12mn charge from its consulting business.
-
Guy Carpenter CEO Dean Klisura outlined challenges for reinsurance buyers, due to the war’s impact, on a Marsh McLennan investor call.
Most Recent
-
Daily Digest: Top news from 19 May
19 May 2025 -
Correction: Branagan to stay with Mosaic TL team
16 May 2025