Marsh McLennan
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Failing to reauthorise the terrorism risk program could force up rates, executives told lawmakers.
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Size of payout will depend on whether CBI sub-limit of $100mn holds, with insured seeking $450mn.
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Bryce Check and Anna Whitfield join a team led by recent Aon recruit Tim Scoble.
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Tony Ambrose and Martyn Holland will work from London, while Julie Meyer and Stephen Murray join in New York.
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Latest hire for broking start-up worked at JLT for 22 years.
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Nikki Melbourne, James Kelly, Ross Beeden and Simon Richardson will join the BGC-owned broker.
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The division will work on M&A cover with the broker’s financial sponsors practice.
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Risk Exchange is one of several new industry initiatives launched in a bid to speed up placements and cut expenses.
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Aramco does not buy standalone political violence cover, but some energy policies may have contingent business interruption losses.
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The Blue Vault product covers digital “keys”, providing limits of up to $150mn.
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The broker recruits from AIG and Aon.
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Mark Shumway will rejoin David Flandro at the newly launched Hyperion platform.
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