Marsh

Marsh McLennan shares up 4% on strong organic growth

Marsh McLennan shares closed up 4 percent on Tuesday (27 April) after the firm reported strong Q1 organic growth of 6 percent while president and CEO Dan Glaser said the group now expects full-year 2021 underlying growth at the high end of its previous 3-5 percent guidance “and possibly above”.

Marsh and Guy Carpenter drive 6% organic growth at Marsh McLennan

Marsh McLennan generated underlying revenue growth of 6 percent at the group level in the first quarter, driven by organic growth of 8 percent at Marsh and 7 percent at Guy Carpenter.

Marsh Chile adds Axa XL’s Orellana as specialty head

Marsh’s has strengthened its team in Chile with the hire of Fernando Orellana as head of specialty from Axa XL.

Marsh promotes Dahlmann to lead Swedish captive operations

Marsh has named Alex Dahlmann as head of office for its Swedish captive operations.

Marsh hires WTW execs to lead US government contracting unit

Marsh has taken Steven Capace and Bryan Salek from Willis Towers Watson (WTW) as co-leaders of its US government contracting practice.

Marsh recruits Gallagher’s Caceres as energy MD

Marsh has strengthened its US power and energy team with Arthur J Gallagher’s Al Caceres with the hire coming just weeks after Rupert Mackenzie was appointed leader of the platform, The Insurer has learned.

Asta-managed Victor 2288 U-turns on 2021 expansion plans after brutal 303% CR

Victor Syndicate 2288 reduced its stamp capacity for 2021 to £50mn ($68.7mn) after posting a combined ratio of 302.9 percent in its first year of underwriting.

Marsh: State-backed trade credit schemes propping up “zombie” firms

State-backed trade credit schemes launched by governments to protect businesses during the Covid-19 pandemic could be propping up “zombie companies”, with broker Marsh Specialty warning that there could be a wave of insolvencies when state aid eventually comes to an end.

Marsh’s MMA buys 700-employee agency PayneWest

Marsh & McLennan Agency (MMA) has acquired PayneWest Insurance, a top 40 US broker that will operate as the Northwest hub for Marsh’s middle market agency subsidiary.

Lockton hires Marsh’s Downey to lead US executive risk claims

Sarah Downey, who most recently served as US D&O product leader in Marsh’s Finpro practice, has joined Lockton to lead executive risk claims and blockchain advisory.

Marsh’s Argentina and Uruguay CEO Guerrero linked with Lockton after exit

Marsh’s country corporate officer and CEO for its operations in Argentina and Uruguay Alejandro Guerrero has left the company and been linked with a move to rival Lockton as part of its expansion in the region, The Insurer can reveal.

Marsh hands Quintal and McLellan liability leadership roles

Marsh has unveiled new leadership appointments in its US financial institutions (FI) and financial and professional liability (Finpro) practices.

Lockton to make Chile move after recruiting ex-Marsh country CEO Claro

Lockton is poised to enter the Chilean insurance market having hired Marsh’s former CEO in the country Mario Claro and a group of his former colleagues, The Insurer can reveal.

Marsh’s Piccolomini: Private sector cannot shoulder “black swan” events alone

The president of Marsh’s international division, Flavio Piccolomini, has said public-private partnerships remain “the best option” for pandemic risk solutions and warned that businesses will be left vulnerable to so-called black swan events without “structured support”.

Marsh McLennan under spotlight over role in Greensill collapse: reports

An internal review by Credit Suisse into the collapse of supply chain finance firm Greensill Capital has placed the spotlight on broker Marsh McLennan, according to reports.

R&W rate increases to continue after market turn in 2020: Marsh

US and Canada representations and warranty (R&W) rates are expected to continue to go up following a 10 percent average increase in 2020, Marsh has said, while the broker reported that transactional risks insurance purchasing hit record highs last year.

Marsh drops JLT in specialty unit rebrand

Marsh JLT Specialty is to rebrand and drop JLT from its title – becoming Marsh Specialty – just under two years after Marsh & McLennan Companies (MMC) completed its £4.3bn takeover of its smaller rival.

Marsh recruits Aon’s Bryant to lead national public entity practice

Marsh has hired Kevin Bryant from Aon to lead its national public entity industry practice.

Alliant adds to marine and energy team with Marsh’s Guerrero

Alliant Insurance Services has bolstered its marine and energy team with the hire of Jessie Guerrero from Marsh.

GRP acquires Marsh’s UK Networks to take GWP to £1.6bn

UK broker consolidator Global Risk Partners has continued its recent run of M&A activity with the acquisition of Marsh’s UK Networks business, a deal that will take the Searchlight Capital-backed firm’s gross written premium to over £1.6bn ($2.2bn).

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