Latest Marsh McLennan Headlines
All the headlines from our Marsh McLennan Topic Page, ordered by recency.
Guy Carpenter Partners with RiskGenius to Expand Silent Cyber Analysis
Mar 25 2020 // Reinsurance broker Guy Carpenter & Co. has entered into a strategic relationship with RiskGenius to expand the detection and qualitative analysis of silent cyber exposure across various lines of business. RiskGenius...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
Financial Services Firms Risk $1 Trillion in Losses from Climate Change: Report
Feb 24 2020 // The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new report shows. The...
Marsh & Mclennan Appoints Krause as CEO of Southeast Region
Feb 10 2020 // Marsh & McLennan Agency LLC (MMA), the middle market subsidiary of Marsh, has appointed Peter Krause as Southeast Regional CEO, effective immediately. In this role, Krause will oversee MMA’s offices in Georgia,...
Business Moves
Feb 10 2020 // East The Hilb Group, Kerr-Boswell, Wickford Insurance Agency The Hilb Group LLC has acquired Virginia-based Kerr-Boswell Inc. For more than 60 years, KB has provided employee benefits, property/casualty, life, health and...
20 Noteworthy Agency Merger Stories of 2019
Feb 10 2020 // 1. January Nationwide Acquires Liability Insurance Program Manager E-Risk Services: Nationwide acquired a New Jersey privately held program manager specializing in management liability lines. Nationwide said E-Risk will...
Marsh & McLennan Agency Acquires Ironwood Insurance Services of Georgia
Jan 21 2020 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Ironwood Insurance Services, LLC, an independent broker in the Southeast. Terms of the transaction were not...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 13 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Guy Carpenter Promotes Saper as CEO of Pacific Region
Jan 6 2020 // Guy Carpenter & Co., the global reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Jeff Saper as CEO of the Pacific region, with immediate effect. In his new role, Saper will...
Guy Carpenter Appoints Schepens from Allianz as Benelux CEO
Dec 23 2019 // Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Patrick Schepens as CEO of the Benelux region, effective April 2020. Schepens will be responsible...
Zaffino Assumes Added Role of President at AIG
Dec 18 2019 // American International Group (AIG) has named Peter S. Zaffino as president, effective Jan. 1, 2020. Zaffino will continue to serve as global chief operating officer of AIG and chief executive officer of General...
Guy Carpenter, MGA Victor to Offer Coverage to U.S. Public Entity Pools
Dec 11 2019 // Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the...
Drzik, Marsh’s President, Global Risk and Digital, to Step Back From Full-Time Role
Nov 25 2019 // Marsh, the insurance broker and risk adviser, announced that John Drzik, president, Global Risk and Digital (GR&D), will step back from full-time responsibilities as leader of GR&D effective Jan. 1, 2020, but will...
Guy Carpenter Appoints Bermuda Execs, Including Johnston, Komposch from Aon
Nov 12 2019 // Guy Carpenter announced the appointment of Robert Johnston as chairman of Guy Carpenter’s Bermuda operations, and Peter Komposch as head of Casualty and Specialty, Bermuda, with immediate effect. Johnston has nearly...
‘Competition & Change’ in Commercial Auto, Workers’ Comp
Nov 4 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers’ compensation profit measures, according to a new report from Guy...
Profit Lessons in Commercial Auto, Workers Comp and Other Business
Oct 25 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new report from Guy...
Guy Carpenter Names Samengo-Turner as Global Facultative Leader
Oct 18 2019 // Guy Carpenter & Co., a reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Dominic Samengo-Turner as global facultative leader. At the same time, insurance broker Marsh has...
Update: Super Typhoon Hagibis Tracks Toward Japan; Guy Carpenter, RMS Comment
Oct 10 2019 // Super Typhoon Hagabis has been a category 5 for much of the first half of this week, but fortunately is forecast to weaken to a category 3 typhoon when it makes landfall in Japan on Saturday morning, Oct. 12, said Guy...
How Cyber Insurance Supports the Fight AGAINST Ransomware: Marsh
Oct 9 2019 // As the cyber insurance market continues to grow, it’s only natural to discuss its place in the battle against cyber-attacks, including ransomware, which has been a prevalent topic in recent months. Over the last...
