Marsh McLennan

Berkshire Hathaway reduced its shareholding in Marsh McLennan by 35% during the third quarter, as the Warren Buffet-led business continued to sell down across its portfolio, an analyst note from Morgan Stanley shows.

Based in London, Graham Bristow, Barrie Watson and Ian Leslie all held senior roles at Aon's credit solutions.

Flat rates are expected in upstream whilst insurer appetite is picking up in the downstream market.

The market has seen four years of significant compound rate rises triggered by heavy loss experience and contracting capacity.

Marsh believes market hardening peaked in Q4 2020, although cyber price rises hit 96% in the US during Q3.

Alan Norris’s colleague Ian Ritchie has joined Munich Re Syndicate after Talbot exited contingency following heavy pandemic losses.

The veteran broker will move to a rival firm after three decades with Willis.

The broker revealed continued pricing momentum, with cyber conditions fuelling 32% rate rises in financial and professional lines.

The broker has reported consecutive quarters of huge growth following a hit during the pandemic.

The landmark project will provide renewable solar power to the cities of Darwin and Singapore.

Marsh has bolstered its upstream energy division with the appointment of Thomas Burrows from Convex, Insurance Insider has learned.

The executive and other ESG experts at the Airmic conference stressed the importance of insuring the transition to net-zero.