Marsh McLennan
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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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The moves come two months after the Marsh MGU appointed a new international president.
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Market quoted 30% rate on line to cover new PG&E officers.
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The Spanish insurer signs a memorandum of understanding to insure the multi-billion dollar project.
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The latest arrival comes after NFP hired three M&A specialists from JLT last month.
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Pressure from both Lloyd’s and company markets has pushed up rates in the energy market segment.