Marsh

JLT and NFP settle dispute over hires

Marsh & McLennan Companies (MMC) and NFP have voluntarily dismissed litigation that had raged since May last year over the private equity-backed retail broker’s hire of a number of former JLT Specialty executives.

Marsh and NFP close to settling JLT defectors suit

Victor appoints Willemze as Netherland country manager

Marsh-owned managing general underwriter (MGU) Victor Insurance Holdings has named insider Fred Willemze manager of Victor Nederland, in addition to his duties as strategic partnerships director for Victor International.

Marsh JLT Specialty builds London aviation practice with four hires

Marsh JLT Specialty has appointed Oliver Boreham and Robin Milan as aerospace brokers, Victoria Mayes as an aerospace account manager and Kevin Eley as a general aviation broker.

Conflict avoidance…

This week saw the announcement that Victor Syndicate 2288 will be the fourth new entrant to go live at Lloyd’s from 1 January 2020.

Victor’s arrival ensures at least four new Lloyd’s entrants at 1.1

Victor Syndicate 2288, the first Lloyd’s syndicate from Marsh’s managing general underwriter (MGU) platform Victor Insurance Holdings, will be the fourth new entrant to go live at Lloyd’s from 1 January 2020.

Hyperion continues Marsh aviation swoops with further hires

Hyperion Group – which owns brokers Howden and RKH, as well as managing general agent Dual – has hired another duo of aviation brokers from rival Marsh, as the David Howden-led firm continues to build out its aviation presence, The Insurer can reveal.

Rivera named CEO of MMC’s Latin American Fac unit

Marsh and Guy Carpenter’s Latin American facultative reinsurance arm has named Carlos Rivera as CEO.

Marsh names Sathe Bluestream and US affinity leader

Marsh has appointed Anita Sathe as global leader of Bluestream, its cloud-based digital broker platform for the affinity market, and head of the broker’s US affinity business.

Lockton hires from Marsh and WTW to form LatAm fac team

Lockton has made a significant play in the Latin American facultative reinsurance space with the hire of Marsh’s Andrew Perry and Willis Towers Watson (WTW)’s Edward Fyfe as regional executives.

McGill and Partners agrees recruitment ban with Marsh

Expansive broking house McGill and Partners has agreed not to poach broking staff from Marsh for up to three years following the take-over of a specialty portfolio in August this year, The Insurer understands.

MMC Insights chair Drzik steps back from GR&D role

Global risk and digital president at Marsh, John Drzik, is stepping back from his full-time responsibilities in this role, but will remain chairman of Marsh & McLennan’s Insights division.

Marsh sues Cobbs Allen over 30 hires for CAC Specialty

Marsh has followed McGriff Seibels & Williams in suing over hires by CAC Specialty, the new brokerage launched by Cobbs Allen earlier this year.

EPIC surety hire barred from competing with Marsh until August 2020

A court has ordered that EPIC’s Southwest region surety practice leader, who joined from Marsh in July, must not compete with his former employer until August next year or pending trial.

Commercial insurance rates surge 8% in Q3: Marsh

Global commercial insurance pricing has increased by 8 percent in the third quarter of this year, on average, marking the eighth consecutive quarter of pricing increases.

MMC shares climb as investors welcome 3Q results and upbeat post-JLT messaging

Shares in Marsh & McLennan Companies (MMC) have climbed over five percent today to touch its year to date high as investors welcomed the firm’s third quarter consensus beating results and upbeat management message about the integration of its £4.3bn JLT acquisition.

MMC revenue balloons 13% in Q3 on back of GC and Marsh growth

Marsh & McLennan Companies (MMC) has reported consolidated revenue in the third quarter of $4.0bn, an increase of 13 percent compared with the third quarter of 2018.

Marsh JLT Specialty looks to Gard’s Nevill for UK marine & cargo chief

Marsh JLT Specialty has appointed Louise Nevill as CEO of its UK marine & cargo business.

Marsh & McLennan Agency names Hering vice chairman

Marsh’s middle market agency subsidiary Marsh & McLennan Agency LLC (MMA) has appointed Paul Hering to the newly-created role of vice chairman.

Marsh’s Doyle warns of pricing “domino effect” from Tripra non-renewal

At a US House Financial Services hearing, Marsh president and CEO John Doyle has urged reauthorisation of the federal terrorism risk insurance programme and warned that insurance availability will fall as the deadline looms.