Marsh News

Global Insurance Prices Continue to Stabilize in Q3 as US Cyber Premiums Drop: Marsh

Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by the insurance broker Marsh, a business of Marsh McLennan. The third quarter marks …

People Moves: Marsh Names Thurston CEO, UK Risk Mgmt; Lockton Hires Parle, Patrick and McKay in London; MS Amlin Promotes Cleary to Head of Crisis Mgmt

This edition of International People Moves details appointments at Marsh, Lockton and MS Amlin. A summary of these new hires follows here. Marsh Names Thurston CEO, UK Risk Mgmt, Mistry as CEO of FINPRO Marsh, the insurance broker and risk …

Aviation War Insurers Cancel Cover for Airlines Domiciled in Israel, Lebanon: Sources

Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter said. …

People Moves: Marsh Promotes Pellegrini to US, Canada Specialty Lead; CRC Group Announces Executive Leadership Appointments

Pellegrini Appointed Marsh Specialty Leader for US and Canada Broker Marsh said it promoted Michael Pellegrini to head of Marsh Specialty in the US and Canada. Effective immediately, Pellegrini will oversee Marsh’s aviation, construction, credit specialties, energy & power, financial …

People Moves: Marsh Names Harris CEO, UK Retail; AXA XL Appoints Meier as Chief Client Officer

This edition of International People Moves details appointments at Marsh McLennan and AXA XL. A summary of these new hires follows here. Marsh Appoints Harris as CEO, UK Retail Marsh McLennan announced the appointments of Nick Harris as CEO, UK …

US Insurance Giant Marsh Set for $448 Million Honan Deal

Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand. The Marsh & McLennan Cos Inc. unit has signed a deal to buy out …

Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise

Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources with knowledge of the matter say. Insurers …

Marsh McLennan Agency Acquires Graham Company

Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the U.S. Terms of the acquisition were not …

People Moves: Miller Taps Marsh’s Holloway as Head of Europe; HSB Canada Names Walker Chief Distribution Officer; HDI’s UK & Ireland Branch Announces Key Hires

This edition of International People Moves details appointments at Miller, HSB Canada and HDI Global. A summary of these new hires follows here. Miller Taps Marsh’s Holloway as Head of Europe Miller, the London-based specialist reinsurance broker, announced the appointment …

People Moves: Marsh Promotes Duca to Global Head of Credit Specialties; Howden Names Agarwal CEO, Howden India, as Vashista Becomes Chairman

This edition of International People Moves details appointments at Marsh and Howden. A summary of these new hires follows here. Marsh Promotes Duca to Global Head of Credit Specialties Marsh, the insurance broker and risk adviser, announced the appointment of …