Marsh News

People Moves: Norgrove to Succeed Egan as RSA CEO, UK & International; Marsh Promotes 3 Senior Leaders for Financial and Professional Specialty

This edition of International People Moves details appointments at RSA UK & International and Marsh. A summary of these new hires follows here. Norgrove to Succeed Egan as RSA CEO, UK & International Toronto-based Intact Financial Corp. announced that Ken …

Guy Carpenter and Marsh to Combine South Africa Facultative Reinsurance Businesses

Reinsurance broker Guy Carpenter and insurance broker Marsh, both businesses of Marsh McLennan, said they are combining their South Africa facultative reinsurance operations into a single business, effective Jan. 1, 2022. The new unit will operate under the Guy Carpenter …

Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount

LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and U.S. …

People Moves: Changes at the Top at Marsh McLennan, Marsh and Guy Carpenter

Doyle: MMC Group President, COO; South: President, CEO, Marsh; Klisura: President, CEO, Guy Carpenter; Donnelly: President, Marsh US and Canada. Marsh McLennan announced changes to its executive committee effective January 1, 2022. The company has promoted John Doyle to group …

Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh

Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance broker Marsh. While this is the …

Mobility Sector Will Need New Insurance Products to Continue to Grow: Marsh

For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs to support gig-workers at scale, advises a report from insurance broker Marsh. According to the report, the COVID-19 pandemic is …

People Moves: Marsh Names Bruce as CEO, Marsh Commercial, Succeeding Gruppo

Marsh, the world’s leading insurance broker and risk adviser, announced the appointment of David Bruce as CEO, Marsh Commercial. Subject to regulatory approval, Bruce is expected to take up the position on Jan. 1, 2022 and will also join Marsh’s …

Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh

Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry – but will drive new opportunities, according to a report published by Marsh and Guy Carpenter, subsidiaries …

People Moves: Beazley Names Sanchez to New Cyber Role; AGCS Promotes Vassallo for Energy & Construction; Dyer and Adams Join Marsh’s UK Marine & Cargo Practice

This edition of International People Moves covers London-based appointments at Beazley, Allianz Global Corporate & Specialty (AGCS) and Marsh. A summary of these promotions and new hires follows here. Insurer Beazley Names Sanchez for Newly Created Global Head of Cyber …

People Moves: MJ Insurance Adds Bingham; Ashurst Joins Marsh in Chicago

MJ Insurance MJ Insurance, a risk management and employee benefits agency headquartered in Indianapolis, hired Julie Bingham as vice president of Total Rewards Consulting. Bingham brings 20-plus years of experience in compensation consulting and human resource leadership roles to MJ. …