Marsh McLennan
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The proportion of notified policies has grown from 4.3 percent in 2016, according to a Marsh JLT Specialty report.
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Marsh-JLT trade credit partner Rob Downey has retired, the latest in a string of trade credit and political risk exits from the broking giant.
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It was the seventh consecutive quarter of upward price movement and nearly double the previous quarter’s price change, according to the broker.
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David Payne was previously chief revenue office at JLT US.
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Oyin Heath will join Mark Costin at BGC’s new aerospace insurance broking operation.
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CFO Michael Burwell attributed strong reinsurance growth to resulting favourable market conditions.
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MMC’s performance is under heightened scrutiny as the company completes its first quarter since the £4.9bn ($6.0bn) acquisition of JLT.
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The CEO says overall Q2 employee turnover at the JLT component of the business was little changed from last year, though slightly higher in the UK.
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Tarling returns to MMC after a spell working at aerospace giant Boeing.
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The hire is the latest in a growing list of people to swap Marsh JLT Specialty for NFP.
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The broker’s departure is the latest executive move in the fluid aviation insurance market.
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A five-strong team will work under Peter Boardman and Guy Robinson.
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