Marsh announced the appointment of David Nayler as leader of its UK Financial Institutions Industry Practice. Reporting to Charles Beresford-Davies, Risk Management Practice leader, UK & Ireland, Nayler’s employment is expected to commence in early 2018. In this role, Nayler …
Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise. After a spate of expensive court …
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh’s Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 marks the sixth quarter in a row the rate of …
Marsh has named Lou Ann Layton as its Southeast Zone leader. In this role, Layton is responsible for client initiatives, new business, and talent development across the District of Columbia and eight states: Florida, Georgia, Maryland, North Carolina, Pennsylvania, South …
Marsh has hired Alex deLaricheliere to lead its U.S. Banking and Capital Markets Practice. In this newly created role, deLaricheliere is responsible for ensuring that Marsh delivers its risk advisory and transactional services to the firm’s banking and capital markets …
Marsh has launched the Aircraft Finance Insurance Consortium (AFIC), a non-payment insurance product designed for banks and capital market investors that are funding new aircraft purchases from Boeing. Available exclusively through Marsh, AFIC provides an alternative aircraft finance insurance product …
Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry,” insurers say. Cyber insurance can be expensive to buy and is not …
Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. A massive ransomware worm …
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Insurance Partners of Texas, an Abilene, Texas-based employee benefits consulting firm. Terms of the transaction were not disclosed. Founded in 2004, Insurance Partners of Texas …
Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over …
