Marsh McLennan
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Nikki Melbourne, James Kelly, Ross Beeden and Simon Richardson will join the BGC-owned broker. -
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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The Insurance Insider revealed earlier this month that Smith was to replace Mark Costin.
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The Insurance Insider lays bare the dynamics in the $4.5bn market in the wake of the MMC-JLT deal.
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Executive is latest in string of senior ex-JLT brokers to join BMS.
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The executive takes up the role following a reshuffle prompted by Mark Costin’s move to BGC.
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Construction Risk Partners will now operate as an independent construction risk and surety specialty insurance broker, the companies announced.
