Marsh McLennan

Even with the most in-depth data, those attempting to estimate the insured or economic loss from a major hurricane are always bound to be off by some degree, especially when it comes to complex events such as hurricanes hitting densely populated areas.

The executive joins from Guy Carpenter.

Aon Benfield estimates economic damage from Typhoon Maria to date at about $430mn.

Richards, a security practice leader, named global head of cyber risk consulting.

Gordon Newman will lead the merged group.

The Insider 50 gained ground last week, with 39 companies posting week-on-week price increases.

They have taken over the lead of the US facility from Beazley and XL Catlin, this publication can reveal.

The brace of brokers will have worked at Marsh for more than 15 years.

The intermediary has acquired St. Paul, Minnesota-based Klein Agency.

The broker pegs the “new norm” increase at about 5 percent.

Marsh’s middle-market group has acquired Maryland-based Insurance Associates.

The claim for loss from damage to the Ituango Dam in Colombia could exceed $1bn, this publication can reveal.