MMC

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.

The Insurer’s Year in Review: Part Two

A comparatively quiet year for natural catastrophes after the record losses of 2017 and 2018, 2019 brought its fair share of manmade headline-grabbing events – from industry newcomers, the Argo vs Voce saga, battling brokers and the rise of the insurtech ‘unicorn’ to political agendas playing out on both sides of the Atlantic…

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.

JLT Re veteran Daddario to retire

Former JLT Re North America executive chairman George Daddario is retiring at the end of the year from the firm that is now part of Guy Carpenter, The Insurer can reveal.

Guy Carpenter says close to resolving dispute with Lockton Re defectors

Guy Carpenter is close to resolving its dispute with three executives that left to launch the Lockton Global Re platform, according to a letter filed with the court yesterday (4 December).

Marsh JLT fights back against NFP Cali transfer request

JLT has called on a Manhattan judge to decline defendant NFP’s attempt to have the bitter legal battle between the two broking houses – over the appointment of 13 executives – transferred from New York to California.

MMC authorizes $2.5bn share buyback

The board of New York-listed Marsh & McLennan Companies (MMC) has approved the renewal of a share repurchase program, allowing management to buy back up to $2.5bn of the broking giant’s common stock.

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.

Lockton hires JLT duo for APAC transactional risks division

Lockton has launched an Asia Pacific (APAC) transactional risks division, naming Will Seccombe as business leader and Mindy Ng as vice president.

Fortress linked with CAC Specialty investment

Broking start-up CAC Specialty’s expansive play in the US has been linked with significant backing from private equity giant Fortress Investment Group, The Insurer can reveal.

GC confirms senior Aon Bermuda hires in island restructuring

Guy Carpenter has confirmed the hire of Aon’s Robert Johnston and Peter Komposch in Bermuda, a move first revealed by The Insurer in May.

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.

NFP asks judge to transfer JLT dispute over West Coast execs

Citing its rival’s “pure gamesmanship”, NFP has asked a New York court to either transfer a JLT lawsuit against it to California, where JLT in a related suit has sued four executives that joined NFP earlier this year, or dismiss the case.

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.

Former JLT Re exec to lead Steadfast Re London production

Steadfast Re, the Australian headquartered reinsurance broker, has hired the former JLT Re producer Dan Bailey to lead production and placement at its London office, The Insurer can reveal.

Managing the winds of change in the reinsurance market

The drop off in ILS capacity and the significantly tighter retro market is likely to have a profound impact on reinsurer behaviour at 1.1, according to James Boyce, CEO of Global Specialties at Guy Carpenter. He talks to The Insurer about the outlook for 1.1, the changing dynamics in the supply and demand of retro, the impact of loss creep on the market and how the integration with JLT is progressing…

Guy Carp names Marsh’s Samengo-Turner global fac head

MMC’s reinsurance broking arm, Guy Carpenter, has appointed head of Marsh JLT Specialty Asia, Dominic Samengo-Turner, to the role of global facultative leader.

JLT Re Harrison teams reappear in new Lockton Re units

The US-facing JLT Re London teams that left the firm earlier this year following its parent’s acquisition by MMC have re-emerged at two newly created units within Lockton Re’s UK business and have started to win mandates, The Insurer can reveal.

Lockton Re restructures UK operations as JLT Re teams join

Lockton’s London-based reinsurance arm Lockton Re UK is embarking on a major operational restructure which will see former JLT Re senior management assume control of the 70-strong division as part of a major refocus on reinsurance for the privately-owned US broking group, The Insurer can reveal.

Region

Topics

Events & Conferences

Content Types

MMC