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Marsh’s Glaser to staff: ‘No one I trust more than Doyle with company’

Retiring Marsh McLennan CEO Dan Glaser said the company’s staff had demonstrated “real grit in tough times”.

Marcel Le Gouais, 26 September 2022
Doyle to succeed Glaser as Marsh McLennan CEO

Glaser’s decade in post included the JLT takeover and a doubling of revenues.

Adam McNestrie, 26 September 2022
Downstream market expects Oklahoma Oneok explosion to cost $1.3bn

Loss activity is escalating in the class of business, leading underwriters to question rate softening.

Samuel Casey, 26 September 2022
One of two scenarios for Hurricane Ian resembles Tarpon Springs: BMS

In the more extreme of two scenarios, Ian could mimic 1921’s Tarpon Springs hurricane at a cost in the double-digit billions, BMS said.

Rachel Dalton, 26 September 2022
Lloyd’s Lab founder Maynard takes senior role at InsurTech Sotera

The former head of innovation at Lloyd’s Trevor Maynard has joined InsurTech Sotera as the company prepares to raise a seed investment round.

Marcel Le Gouais, 26 September 2022
SiriusPoint names Heerasing active underwriter of Syndicate 1945

Bobby Heerasing joined SiriusPoint in October 2021 as head of international strategic development before being promoted to UK country manager earlier this year.

Aisling Finn, 26 September 2022
‘High probability’ Typhoon Noru will cause World Bank cat bond default: Plenum

Following Typhoon Odette in 2021, the Philippines received a $52.5mn payout, leaving $97.5mn for future storms.

Aisling Finn, 26 September 2022
Thousands in Canada without power after Fiona strikes

Fiona weakened to a tropical storm late last week but still brought torrential rain and high winds.

Rachel Dalton, 26 September 2022
UK government PI scheme for high-rise assessors goes live

The scheme aims to fill the gap left when private sector carriers exited the market following the Grenfell disaster.

Rachel Dalton, 26 September 2022
Hurricane Ian: Three major questions for the industry as storm heads for Florida

Reinsurers are better positioned to face this storm from a financial point of view – to Florida state’s detriment – but how capital providers will react to a loss is the wildcard.

Fiona Robertson, 26 September 2022

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