Marsh News

Business Leaders Spend Less Than 1 Day a Year Focusing on Cyber Risk: Marsh Survey

A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less than a day in the last year to focus on cyber risk issues, according to a new report published by …

Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles

Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product and Jason Mills as wholesale leader in the U.K. Financial & …

Marsh Appoints Smith as Chairman and CEO of UK Aviation Practice

Marsh announced the appointment of Andy Smith as chairman and CEO of its UK Aviation Practice, within Marsh JLT Specialty. Smith is based in London and reports to Paul Moody, UK CEO, Marsh JLT Specialty, and Simon Harker, global head …

Marsh Names Rouse to Lead U.S. Property; Sartain to Lead FINPRO

insurance broker Marsh announced senior leadership appointments within its Property and Financial and Professional Liability (FINPRO) Practices. Michael Rouse has assumed leadership of Marsh’s U.S. Property Practice. He brings 20 years of property insurance experience to the position, most recently …

Tarling Joins Marsh in Chicago as Senior Aviation Adviser

Global insurance broker and risk adviser, Marsh, has appointed Michael Tarling as senior adviser in the Aviation Practice of Marsh JLT Specialty. He is based in Chicago. In this newly created role, Tarling will deliver senior client engagement and risk …

Marsh, Guy Carpenter and JLT to Merge Latin America Facultative Reinsurance Units

Marsh and Guy Carpenter, both wholly owned subsidiaries of Marsh & McLennan Cos. (MMC), announced that, subject to regulatory approvals, they would combine their Latin American facultative reinsurance operations with those of Jardine Lloyd Thompson Group (JLT), which was acquired …

Marsh & McLennan Completes $5.6 Billion Acquisition of Jardine Lloyd Thompson

Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT). “Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a combination of strength and …

Marsh & McLennan Clears Final Regulatory Hurdle to Close on Buying JLT on April 1

Marsh & McLennan Cos. (MMC) announced on Friday, March 22 that the European Commission has approved its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc. All regulatory and competition authority approvals required to close the transaction have now been …

Marsh Launches Intellectual Property Product With Broad Defense Coverage

Marsh has launched IP Protect – an insurance product tailored to address organizations’ intellectual property (IP) risks. A proprietary Marsh policy, IP Protect is backed by Ambridge Partners, a managing general underwriter of transactional, complex management liability, and intellectual property …

Insurers Face Big Claims from Victims’ Families After Boeing 737 MAX Crash: Sources

Boeing Co.’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said. An Ethiopian …