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Marsh books $233mn restructuring charge in Q4 related to workforce reduction

The charges spanned workforce actions, rationalizing technology and reducing the overall real estate footprint.

Farhin Lilywala, 26 January 2023
Reinsurance prices could halt primary pricing moderation: Marsh’s Doyle

The executive said the 1 January renewal was the “most challenging” in almost two decades.

Samuel Casey, 26 January 2023
Marsh McLennan posts 7% organic growth in Q4 as gradual slowdown continues

Organic growth has been slowing after a period of bumper double-digit expansion.

Samuel Casey, 26 January 2023
Lockton expands Nordic footprint with launch of Sweden office

The broker has hired Linda Fihlen and Niklas Thorell to work in the new office.

Samuel Casey, 26 January 2023
Direct Line secures three-year 10% quota share to boost solvency

The company has faced a challenging period thanks to motor claims inflation and losses relating to cold weather.

Samuel Casey, 26 January 2023
New regime proposed for insurers on brink of collapse

The UK Treasury has set out proposals for a new resolution regime that would be triggered when insurers are on the verge of insolvency.

Marcel Le Gouais, 26 January 2023
Munich Re Syndicate’s Morris joins SiriusPoint energy and marine liability team

Maddi Morris will be responsible for overseeing the growth and refinement of the insurer’s marine and energy liability account.

Abbie Day, 26 January 2023
Miller realigns business into UK and international divisions

The UK division will be headed by Tim Norman, while the international business will be directed by Mike Papworth.

Abbie Day, 26 January 2023
TheCityUK study raises concerns over FCA officials ‘gaming the system’

The network’s report into how regulators process approvals is the latest study to unearth operational failures at the Financial Conduct Authority.

Marcel Le Gouais, 26 January 2023
Perils raises southeast Australia flood estimate to A$840mn

The loss aggregator pegged the loss figure at A$791mn in its initial claim estimate.

Samuel Casey, 26 January 2023

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