Marsh News

This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It

Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a senior vice president …

Marsh JLT Specialty Names Hanrahan Global Head of Aviation, Succeeding Harker

Insurance broker Marsh announced the appointment of Garrett Hanrahan as global head of Aviation, Marsh JLT Specialty. Hanrahan is succeeding Simon Harker who is retiring after 44 years in the industry. Based in Dallas, Hanrahan will report to Lucy Clarke, …

Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh

Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest year-over-year increase in the Marsh Global …

Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks

Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, an executive said. …

Marsh Hires Crain as HealthCare Practice Leader for Northeast Zone

Marsh, an insurance broker and risk adviser, has hired Ethan Crain as HealthCare practice leader for the Northeast zone. Based in Boston, Mass., Crain reports to Chris Roak, Northeast zone leader. In this newly created role, Crain is responsible for …

Drzik, Marsh’s President, Global Risk and Digital, to Step Back From Full-Time Role

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 remain involved with the business as a …

Guy Carpenter Names Samengo-Turner as Global Facultative Leader

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 appointed Simon Delchar as head of Marsh JLT …

Marsh JLT Specialty Aviation Hires 4 Execs from Aon, Global Aerospace and Swiss Re

Marsh, the insurance broker and risk adviser, announced four senior appointments to Marsh JLT Specialty’s Aviation Practice in London and New York. In London, Tony Ambrose and Martyn Holland are set to join as managing directors, reporting to Andy Smith, …

Insurers Continue to Cover Beach Resorts Despite Spate of Caribbean Hurricanes

Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and felled trees across the oceanfront property. Two years later, the hotel remains closed as its owner quarrels with insurers over …

Arch Insurance (UK) and Marsh Launch ‘Blue Vault,’ Insurance Cover for Digital Assets

Arch Insurance (UK) Ltd., in collaboration with Marsh, the insurance broker and risk adviser, announced the launch of Blue Vault, a new solution to provide insurance protection for the secure storage of digital asset private keys held in traditional vault …