Marsh McLennan
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The practice aligns existing capabilities from Marsh Specialty and others.
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Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023.
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The US casualty market was “challenging”, the executive said.
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The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
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Graham Knight will become chairman of natural resources.
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Rates continue to trend downwards in the D&O class of business.
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The move comes as rates continue to decrease in the D&O class.
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The talks are advanced, and the process is likely to move rapidly.
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The move reunites Van Leuven with former colleague Kristof De Bremme.
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Marsh Specialty has released its Political Risk Report 2024.
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The marine hull market is looking to retain rating robustness in 2024.
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The facility was launched in November for grain shipments.
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Brokers face pressure on margins as the market’s firming phase slows
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Slipstream will be available to marine, cargo and logistics UK clients.
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The broker had approached underwriters to consult on additional brokerage of 0.5%.
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Insurance Insider reported last year that the facility was relaunching.
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Trading on a data-first approach marks a 'new era of innovation', execs said.
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Shannan Fort was a partner in McGill’s FI and cyber team.
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The broker also announced Rob Geraghty as her successor.
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Falling rates in finpro and increased competition in property drove the trend.
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The CEO flagged a trend towards mega settlements and said there was concern around the direction of loss costs.
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Property rate increases decelerated to 6% in Q4, compared to slowdowns of 7% in Q3 and 10% in Q2 2023.
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