Marsh McLennan
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Sources said that the business will be marketed off adjusted Ebitda of ~$500mn, including a title broking asset. -
Will Curran is moving into broking after a career in underwriting, mostly at Tokio Marine Kiln.
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The duo will be reunited with former colleague Tim Martin.
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The facility automatically follows the lead market which offers the lowest quote.
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The facility launch comes after Marsh launched its Slipstream marine facility.
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The quarter was the first period where prices didn’t increase since the third quarter of 2017.
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The executive said challenging loss cost trends were contributing to rate rises.
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Earnings per share were up 10%, while the margin expanded by 1.3 points.
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Steadfast, AUB and BMS have joined the top 20.
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The moves are the latest in a period of personnel upheaval in the energy market.
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Seven members of the construction team have resigned, including construction practice leader Patrick Baker.
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