Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield their revenue and assets from the risks they face on acquisition and upon exit or sale, according to a new report issued …
Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh said in a report. Renewal rates rose …
Marsh named Alice Cameron as west zone leader of Marsh Private Client Services and Susan Ott as San Francisco PCS office leader. Cameron is responsible for overseeing all aspects of Marsh PCS operations in its Los Angeles, San Francisco, and …
Employee-owned, London-based insurance broker R K Harrison announced that David Rees has joined the firm to “head a dedicated cyber practice within its specialist casualty team, responding to the increasingly sophisticated demands for coverage in this space.” Rees joins R …
Global insurance prices are set to rise for a third consecutive quarter as the industry strives to bolster its finances after paying near-record catastrophe claims last year, insurance broker Marsh said on Thursday. Average prices in the second quarter of …
London-based R K Harrison announced that it completed the purchase of four businesses within Gibbs Hartley Cooper (GHC), a part of Marsh UK, on the 31st May. The businesses “comprise all of GHC’s Specie and Cargo practices and most of …
Executives at financial firms would no longer be able to buy insurance to protect themselves against compensation clawbacks or civil penalties under legislation introduced on Wednesday by U.S. Representative Barney Frank. The bill, Frank said, is aimed at protecting the …
Marsh executives said this week that they are only seeing a “targeted correction” — not a broad-based hard market — in the property/casualty insurance market. CEO Brian Duperreault said during an earnings call Tuesday, “Is it a hard market? I …
Insurance broker Lockton announced that it has acquired the minority stake in its operations outside the U.S. held by Trident III, L.P., an investment fund managed by Stone Point Capital LLC of Greenwich, Connecticut. The bulletin explained that Stone Point …
Although risk managers are taking on more strategic roles in their organizations, a disconnect still exists in many organizations between how risk managers and senior leaders view the role of risk management, according to a survey published by Marsh and …
