Marsh News

Marsh and Citi Develop Risk Program With 6 Insurers to Deliver Vaccines Globally

Global insurance broker Marsh and global bank Citi said they have developed a risk mitigation structure to cover the risk associated with a number of governments that are self-funding their coronavirus vaccine procurement through the COVAX Facility. The innovative structure …

People Moves: WCRI Adds Negrusa; WTW’s Atkinson, Pokora Move to Marsh; WTW Appoints Drummond, Romano

The Workers Compensation Research Institute (WCRI) announced that Dr. Sebastian Negrusa has joined the Cambridge, Mass.-based Institute to manage its research programs and accelerate WCRI’s focus on new topics in workers’ compensation. An economist and expert in labor and health …

While Aon and Willis Were Focused on Merger, Marsh Attracted Producer Talent

While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the “distraction and uncertainty” that existed for both brokers. Aon’s proposed …

Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh

Global commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far from their peak at the end of 2020, according to a new Marsh report. The Q2 numbers reflect the 15th …

Marsh Launches Saudi Arabia Engineering Hub

Insurance broker Marsh announced the launch of its Engineering Hub in Al-Khobar, Saudi Arabia. The Engineering Hub is Marsh’s third in the Middle East and Africa (MEA) region along with existing hubs in Abu Dhabi and Dubai. The hub will …

People Moves: 3 Promoted at Carpenter and Marsh; Chesman to McGill & Partners; Millwater Heads Global Insurance at Acrisure

These International People Moves detail appointments at four brokers: Marsh, Guy Carpenter, McGill and Partners, and Acrisure. A summary of these new hires follows here. Leading insurance broker and risk adviser Marsh, and its reinsurance broking subsidiary Guy Carpenter announced …

People Moves: Liberty Mutual’s Streeton to Aon Reins Solutions; Guerin Promoted at Marsh UK Corporate; Ed Broking’s Parker and Lech to Alesco

These international People Moves cover recent appointments at three insurance brokers: Marsh, Aon and Alesco. A summary of these new hires follows here. Aon plc announced that Frederick Streeton has been named leader of Complex Client Strategy of Aon’s Reinsurance …

Argo Group to Stop Insuring Canada’s Trans Mountain Pipeline, Joining Other Carriers

Lloyd’s insurer Argo Group has decided to stop insuring Canada’s Trans Mountain tar sands pipeline when its current insurance policy expires on Aug. 31, 2021, following similar moves by other companies such as Zurich Insurance, Talanx and Munich Re. “This …

People Moves: Aon’s Wakefield to Gallagher Re as CEO, Succeeding Behagg; Arch’s Rippert as Head of Mortgage at Aspen; Desmond Promoted at Marsh UK & Ireland

This wrap-up of international People Moves details appointments at broker Gallagher Re, Aspen Insurance Holdings’ mortgage team and Marsh’s UK & Ireland construction industry team. A summary of these new hires follows here. Gallagher announced that Tom Wakefield will become …

People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting

This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings Ltd., announced …