Marsh McLennan

The reinsurer has absorbed almost $500mn of losses from its sister company in less than two years.

Expectations of rate rises and outsized catastrophe losses resulted in a subdued annual performance for the composite index.

An increase in activity at the oil and gas fields helped maintain the industry’s premium pot.

Carriers are seeking rate rises of 10-20 percent in 2019, the broker said.

That’s settled it then. JLT Re and Willis Re’s 1 January renewal reports have finally put one of the oldest insurance myths to bed.

The new underwriting venture will initially focus on upstream and downstream reinsurance business.

The global broker’s plans follow the opening of a China desk in its Dubai branch earlier this year.

Settle in for The Insurance Insider’s 12 days of Insurancemas.

The global specialty practice aviation head leaves the broker less than a year after he joined from AIG.

The leadership roster includes JLT's Peter Elson as aviation chief, with the construction and real estate business taking a CEO and chairman from each component company.

JLT CEO called the allocation of roles “completely even-handed” in an internal memo.

Tom Allen joined Channel in June 2016 to launch the cyber division.