Marsh McLennan

The financial lines and special risks CEOs follow international financial and professional lines head Mark Wood out of the door.

The longstanding former JLT executive had been handed the leadership of international financial and professional lines in the carve-up of senior roles at the merged entity.

The CEO sees potential lost revenue as a short-term headwind only.

The broking giant reports primary insurance pricing growth of 3 percent and a changing risk appetite among underwriters.

The broker tops the EPS consensus by 5 percent and reports 4 percent organic growth.

Stephane Baldanoff will lead the broker’s expansion in the region.

The North American broker is understood to have resigned last week.

The index rises a modest 1.2 percent week on week.

The lawsuit follows a slew of cases filed against Boeing following last year’s Lion Air disaster.

Poor recent loss record and a lack of corrective rate action mean jobs could be lost and capacity cut, Marsh-JLT Specialty has warned.

Marsh CEO John Doyle and Marsh-JLT Specialty head Lucy Clarke acknowledge the work needed to sell the broking union internally.

The index rises more than 10 percent in the first three months of the year.