Marsh McLennan
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Brokers’ valuation multiples have also been heavily eroded.
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JLT Specialty operations director Clare Lebecq will be the first LMG CEO to permanently commit to the role.
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Widening coverage is likely to leave more insurers on the hook for aerospace manufacturing claims.
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The broker will take the helm of the trade organisation in November, replacing Chris Beazley. -
Jonathan Smith has left as RKH continues to reorganise its lines of business.
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The Insider 50 grew by 1.5 percent last week, with all but 13 companies in the index posting a gain in their share prices.
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Streamlining will strip out layers of management at the broker.
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Earnings per share come in just shy of the consensus as underlying broker revenue rises 5 percent.
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An improvement in losses from the North Atlantic hurricanes and the Mexican earthquakes took 2.1 points off the Q2 cat ratio.
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The US specialty business, which JLT has been heavily investing in, delivered 17 percent organic revenue growth in the first half.
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The exit follows others from the firm’s London market terrorism practice since the beginning of the year.
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The broker has added two partners and two brokers.
