Marsh McLennan

The CEO leaves with immediate effect after declining a role at MMC’s reinsurance broking arm.

The broker will try to win hearts and minds at JLT, rather than simply swallowing it whole.

Burke to become chairman and Clarke president of Marsh-JLT Specialty.

The broker will lead on casualty within BMS’ energy unit.

The possibility of a relationship between the two events puts the utility’s $200mn wildfire cat bond under the spotlight.

The 2018 conference season has finally come to a close in North America, with the Property Casualty Insurers Association of America’s event in Miami last week bringing the curtain down on this year’s major industry gatherings.

Dan Glaser's $6.4bn deal clears a major hurdle, garnering almost unanimous support from voting shareholders.

The 737 Max 8 has an insured hull value of $60.1mn and the policy is led by Global Aerospace.

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.