Marsh News

Marsh Forms Specialty Business, ‘Marsh-JLT Specialty;’ Names Executive Team

Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the purchase of JLT by Marsh’s parent …

Marsh Joins with Insurtech Firm Concirrus to Drive Behavioral Analytics in Marine Market

Concirrus, the London-based insurtech company specializing in marine analytics, announced it has formed a multi-year agreement with insurance broker Marsh. The agreement will see the two companies working together to drive the use of behavioral data in the global marine …

Marsh Develops Blockchain Solution for Clients in Sharing Economy

Marsh announced that it is developing the first blockchain-based verification solution for clients in the fast-growing sharing and gig economies. Working in collaboration with Evident, a data security platform that allows businesses to run comprehensive, accurate verifications without handling sensitive …

Marsh Makes Two Senior Captive Solutions Leadership Appointments

Marsh, a global provider of insurance broking and risk management services, has made two senior leadership appointments within Marsh Captive Solutions. Effective January 1, 2019, Julie Boucher will assume direct leadership of Marsh’s Bermuda, Cayman and Barbados captive offices in …

Marsh Makes Blockchain Proof of Insurance Accessible Through Salesforce

Insurance broker Marsh is expanding its collaboration with IBM to provide clients with access to the industry’s first commercial blockchain product for proof of insurance through the Salesforce customer management platform. Blockchain technology promises to automate and streamline the proof …

SME Law Firms in England & Wales May See Rise in Professional Indemnity Rates: Marsh

Some professional indemnity (PI) insurers are applying greater rigor, are being increasingly selective, or are repricing risks, for small and mid-sized law firms in England and Wales, warned Marsh in a market update. As Oct. 1 approaches – the most …

Lloyd’s Returns to Pre-Tax Profits, Reporting £600M ($793.1M) During 1st Half

Lloyd’s reported a return to profits during the first half, in a welcome recovery after its big losses of 2017. Pre-tax profits during the half were £600 million ($793.1 million), compared to £1.2 billion ($1.6 billion) in the first six …

Marsh Names Fraser as CEO, UK Corporate; Grogan Becomes Chairman of Marsh Ireland

Marsh announced the appointment of Alistair Fraser as CEO of its UK Corporate division. Fraser succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. Both appointments, which are subject to regulatory approval, are expected to take effect …

Experian’s Hickman Joins Marsh as Global Head of Data Science Unit

Global insurance broker Marsh has appointed Andrew Hickman as global head of Data Science within its broader Digital, Data and Analytics Practice. In this newly-created role, Hickman is responsible for advancing Marsh’s risk modeling and actuarial capabilities. He will build …

Marsh Launches Solicitor’s Professional Indemnity Solution in England, Wales

Marsh has launched a new insurance solution to assist small and mid-sized law firms in England and Wales in managing their professional indemnity (PI) risks. Available exclusively to Marsh clients, the solution uses analytics and independent performance data to model …