When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a report published by …
Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present a “real and present danger” to the financial system, according to a new report published by TheCityUK and Marsh. Only …
Marsh announced that Nick Durant will assume leadership of Marsh’s Global Captive Solutions Practice, effective July 1, 2016. In this role, Durant will have oversight of Marsh’s captive solutions business, which manages more than 1,250 captives worldwide. Durant will be …
Torrent Technologies, Inc., in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has launched a new, automated private market primary flood insurance product. Torrent Technologies is a Marsh company. Underwritten by the Lloyd’s of …
Marsh has appointed Chris Lay as president and CEO of Marsh Canada, succeeding Alan Garner who takes on the role of chairman, effective July 1. Both Lay and Garner will report to Robert Bentley, president of Marsh US and Canada. …
Marsh announced that Abbey Sturrock has joined the firm’s Political Risk and Structured Credit Practice as a senior vice president within the Public Agency Group. Based in London, Sturrock is responsible for delivering Marsh’s advisory and placement capabilities for the …
Marsh has named David Fuhrman to lead its West zone effective immediately. He will be based in Marsh’s Los Angeles, Calif. office, and will report to Rob Bentley, president of Marsh’s U.S. and Canada division. Marsh also announced that John …
Marsh & McLennan Agency LLC, the middle market agency subsidiary of Marsh, announced Monday that it has acquired Corporate Consulting Services Ltd., a New York City-based insurance brokerage and human resource consulting firm. Terms of the transaction were not disclosed. …
Marsh announced that Rob McDonough is joining the broker to lead its Construction & Surety Practice in the Northeast. In this role, McDonough will be responsible for overseeing Marsh’s risk advisory and transactional services for construction and surety clients across …
Marsh announced with immediate effect the appointment of Gary Reeve as head of First Party Claims for its UK Specialties division. Reeve will report to Ian Martin, head of Claims for UK & Ireland. Reeve will act as a senior …
