Marsh McLennan

The senior upstream energy broker departed Marsh last autumn.

In October 2023, it was announced that Powell was leaving Marsh to join WTW as the broker’s global chief claims officer.

Discussions include insuring military risks in the field of air and business travel to Ukraine.

The 737 Max fleet was previously grounded in 2019 following the fatal crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302, when Boeing had a $500mn sub-limit on such claims.

The Global Risks Report 2024, made in partnership with Marsh and Zurich, shows that extreme weather events, misinformation and disinformation are top risk severity concerns.

AIG leads the placement, WTW is the lead broker, with Marsh support, on the JAL account.

The Hartford, Canopius, Newline, QBE, CNA Hardy, Travelers, Hamilton and Volante are participating in the facility.

The broker, who has worked at Marsh since 1989, will report to John Donnelly and Chris Lay.

Gamze Konyar has been promoted from her prior role as head of Marsh’s cyber practice for the Central and Eastern Europe and Eastern Mediterranean regions.

The broker’s global marine team services global premiums of $3.9bn across marine classes.

Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.

Unity will provide $50mn of coverage supporting the export of grain and other commodities.