Marsh McLennan
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The lawsuit claims more than 100 employees left with Parrish and his three reports. -
Staff targeted include producers that channel business through Howden’s London wholesale arm.
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Property rates declined by 7% globally in the second quarter.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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Claims were concentrated in the US, with a significant increase in D&O class actions.
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The technology will help analyse growing and emerging risks, especially climate change.
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Total revenues grew 12% due to the contribution from acquisitions.
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The latest hires follow Rob Hale’s move to Willis.
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The broker made several senior energy hires from Marsh last year.
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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Willis has been adding brokers to its aviation unit in Europe and the US.
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Clients are increasingly using captives because of uncertainty around long-term capacity commitments.
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