Marsh McLennan
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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.
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Alan Norris’s colleague Ian Ritchie has joined Munich Re Syndicate after Talbot exited contingency following heavy pandemic losses.
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The veteran broker will move to a rival firm after three decades with Willis.
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The broker revealed continued pricing momentum, with cyber conditions fuelling 32% rate rises in financial and professional lines.
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The broker has reported consecutive quarters of huge growth following a hit during the pandemic.
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The landmark project will provide renewable solar power to the cities of Darwin and Singapore.
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Marsh has bolstered its upstream energy division with the appointment of Thomas Burrows from Convex, Insurance Insider has learned.
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The executive and other ESG experts at the Airmic conference stressed the importance of insuring the transition to net-zero.
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As autonomous vehicles hit the road and more cities turn to services like e-bikes, Marsh sees unique risk challenges demanding new insurance options.
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Richard Alford-Smith follows in the footsteps of James Cook and Lewis Coward who also joined Lockton’s construction team from Marsh earlier this year.
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David Bruce will oversee 50 UK offices and the Enterprise Centres of Excellence.
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