Marsh McLennan

The spike comes after the broking and consulting giant posted strong underlying growth metrics in its Q3 earnings report.

CEO Glaser said he aims to preserve the cultures of each firm after the $6.4bn transaction closes.

The multi-year agreement will see the two companies work together to drive the use of Concirrus' Quest Marine platform.

Early estimates point to a $400mn-$500mn loss to the Munich Re-led cover.

Analysts expect Q3 cat losses to be manageable for their covered (re)insurance companies.

The target has set aside up to £100mn to retain talent after a takeover.

Atrium is understood to be the lead insurer on the main contractual-protection insurance placement.

JLT is witnessing upwards pricing movement in the aviation insurance market as the sector moves into its busiest time of the year during the final quarter renewal season.

The ratings agency says it believes Marsh will be able to de-lever back to the “mid-2x area” over the next two years after it acquires JLT.

John Lloyd leaves the broker after serving more than 45 years in the (re)insurance industry.

The collaboration follows the development of the broker's commercial blockchain for proof of insurance.

The MMC chief tells delegates at InsureTech Connect that the JLT takeover emphasises the importance of human capital in the industry.