Marsh News

Aon, JLT, Marsh, UIB, Willis Investigated by UK Regulator over Aviation Broking

Britain’s financial watchdog is investigating five insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog. Aon, Jardine Lloyd Thompson (JLT), Marsh , UIB and Willis Towers Watson …

Industry’s International Diversity & Inclusion Festival to Be Held Sept. 26-28

The insurance industry’s third annual diversity and inclusion festival, called Dive In, will be held Sept. 26-28 at events across the globe. Marsh, Willis Towers Watson, XL Catlin and Aon are continuing their year-on-year support of the festival and will …

Marsh & McLennan Agency Acquires Minnesota’s RJF Financial Services

Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired RJF Financial Services, a retirement advisory firm based in Brooklyn Park, Minnesota. Terms of the transaction were not disclosed. RJF Financial has served retirement plan …

Marsh Launches New Excess Medical Professional Liability Policy Form

Marsh has unveiled a new excess medical professional liability (MPL) policy form that combines industry favorable MPL terms and conditions into a single excess policy to be used by commercial insurers. Developed by Marsh’s US Casualty and HealthCare Practices in …

Global Insurance Rate Decreases in Q4 Slowed for 4th Consecutive Quarter: Marsh

Global insurance rate decreases moderated on average for the fourth consecutive quarter, down 3.1 percent (compared to the previous quarter’s decrease of 3.2 percent), according to Marsh’s Global Insurance Market Index – Q4 2016. * “The last quarter of 2016 …

Marsh Announces Executive Lineup for Combined Jelf & Bluefin Business

Following the completion of its acquisition of Bluefin earlier this year, Marsh announced that it had appointed a new management team for its combined Jelf and Bluefin business. Led by Phil Barton as CEO, the new management team is drawn …

Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients

Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up to £500 million ($624 million) in cover …

Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF

Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision to leave the European Union and the ballot-box success of U.S. President-elect Donald Trump, the World Economic Forum (WEF) said. …

Marsh Completes Acquisition of Bluefin Insurance from AXA

Marsh, the wholly owned subsidiary of Marsh & McLennan Cos., said it has completed the previously announced acquisition of Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc, from AXA Group. Founded in 2008, Bluefin has approximately 1,500 colleagues …

Marsh, Endurance Launch Habitational Casualty Program

Marsh has launched a new and proprietary casualty insurance program designed offering accessible coverage for multifamily property owners and managers experiencing challenging habitational insurance market conditions. Marsh’s PRIME Habitational Casualty Insurance Program was developed in collaboration with Endurance Global Risk …