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Quick congressional action urged on TRIA backstop renewal: Marsh

By: Mark A. Hofmann

Published April 22, 2014 - 2:21pm CST

WASHINGTON — The potential economic consequences of failure to extend the federal terrorism insurance backstop program should be “an impetus for quick congressional action,” according to report released Tuesday by Marsh L.L.C.

Marsh & McLennan hires Eddie Dunn as director of veteran recruitment

By: Kate Shepherd

Published April 21, 2014 - 2:40pm CST

Marsh & McLennan Cos. Inc. has named Eddie Dunn as director of military and veteran affairs, responsible for managing veteran recruitment strategy, the broker said Monday.

Retailers' cyber risk controls scrutinized as attacks increase: Marsh

By: Judy Greenwald

Published April 08, 2014 - 1:53pm CST

Regulators, shareholders and other stakeholders are paying more attention to retailers’ cyber risk control measures as the frequency and severity of attacks and losses mount, says Marsh L.L.C. in a new report.

Reduced pricing for energy insurance foreseen: Marsh

By: Sarah Veysey

Published April 02, 2014 - 9:19am CST

Energy insurance buyers likely can expect rate reductions for their coverage at the midyear June and July renewals, according to a report by Marsh L.L.C.

Higher prices and economic growth drive 2013 broker profit

By: Matthew Lerner

Published March 30, 2014 - 6:00am CST

Improved margins, higher prices, general economic improvement and organic growth helped the largest insurance brokers turn in strong 2013 results.

GALLERY: 2014 Business Insurance Innovation Awards

Published March 19, 2014 - 10:05am CST

See photos from Business Insurance's 2014 Innovation Awards, presented during Business Insurance’s Risk Management Summit in New York, March 12-13.

Q&A: Manuel López, Marsh L.L.C.

Published March 16, 2014 - 6:00am CST

In October 2013, Marsh L.L.C. appointed banking industry veteran Manuel López to lead its newly established global surety bank syndication desk. Based in Düsseldorf, Germany, Mr. López has held senior roles at Deutsche Bank A.G. and WestLB A.G. and notes that surety bonds are becoming increasingly useful to financial institutions as regulatory changes prompt banks to allocate more capital in...

2014 Innovation Awards: Marsh Wage and Hour Preferred Solution

By: Matthew Lerner

Published March 16, 2014 - 6:00am CST

MARSH WAGE AND HOUR PREFERRED SOLUTION

Political unrest in Russia, Ukraine puts brakes on underwriting: Marsh

By: Kate Shepherd

Published March 12, 2014 - 1:50pm CST

Concerns over the political unrest and country credit rating in Ukraine and the threat of potential sanctions against Russia has caused some insurers to effectively stop underwriting political risk insurance in those countries.

Business Insurance recognizes risk management innovators

By: Bill Kenealy

Published March 12, 2014 - 8:00am CST

Business Insurance has selected the winners of its 2014 Innovation Awards.

Bidmead named head of Marsh's global multinational client services

By: Matthew Lerner

Published March 05, 2014 - 3:21pm CST

David Bidmead will assume the role of global multinational client service leader and chair of Marsh L.L.C.’s multinational executive committee effective April 1, the broker said in a statement Wednesday.

Global transactional risk insurance grew 26% in 2013: Analysis

By: Judy Greenwald

Published February 26, 2014 - 4:07pm CST

Global demand for transactional risk insurance has grown substantially over the past three years with coverage typically expanding while premium rates and retentions generally declined, Marsh L.L.C. said in a recent report.

Marsh & McLennan revenue increases, profit surges in 2013 fourth quarter

By: Mark A. Hofmann

Published February 11, 2014 - 10:24am CST

Marsh & McLennan Cos. Inc.'s revenue for the fourth quarter of 2013 rose 4.0% compared with the same period a year earlier to $3.12 billion, while its net income for the quarter rose 17.0% year over year to $303 million, the brokerage and consulting firm said Tuesday.

Europe, Middle East and Africa insurance rates dropping: Marsh

By: Sarah Veysey

Published February 10, 2014 - 9:42am CST

Average insurance rates for buyers across Europe, the Middle East and Africa fell during the last quarter of 2013 and look decrease further this year, according to a report Marsh L.L.C. released Monday.

U.S. commercial property insurance prices stable: Marsh

By: Rodd Zolkos

Published February 07, 2014 - 2:14pm CST

A trend toward stable or even declining U.S. commercial property insurance prices should carry over from last year into 2014 if capacity remains plentiful and catastrophe losses stay relatively low, according to a recent report.

Marsh & McLennan Agency buys surety bond agency Bond Network

By: Joanne Wojcik

Published February 06, 2014 - 11:09am CST

Marsh & McLennan Agency L.L.C. has acquired Charlotte, N.C.-based surety bond agency the Bond Network Inc., the small and mid-market commercial brokerage subsidiary of New York-based broker Marsh L.L.C. announced Wednesday.

Marsh & McLennan Agency buys Barney & Barney

By: Matthew Lerner

Published February 04, 2014 - 11:19am CST

Marsh & McLennan Agency L.L.C., a unit of insurance broker Marsh Inc., has acquired San Diego-based Barney & Barney L.L.C., Marsh & McLennan Agency said.

Risk management information systems thrive on data, innovation

By: Bill Kenealy

Published January 15, 2014 - 3:19pm CST

CHICAGO — The present and future of risk management information systems dominated a meeting of the Chicago chapter of the Risk & Insurance Management Society Inc.

Insurance execs focus on cyber risk insurance market at forum

By: Matthew Lerner

Published January 15, 2014 - 1:57pm CST

NEW YORK — The penetration of cyber risk products and the potential for expanding the market was front and center among issues discussed by insurance industry chief executives at the Insurance Information Institute Inc.'s Joint Industry Forum.

Sandy Weill, ex-Citigroup CEO, tapped to chair Bermuda reinsurer

By: Mark A. Hofmann

Published January 09, 2014 - 4:29pm CST

Sanford I. “Sandy” Weill, former CEO and chairman of Citigroup Inc., has been named chairman of Hamilton Insurance Group Ltd.'s board of directors, Hamilton said Thursday.

Marsh acquires Scotland-based brokerage Central Insurance Services

By: Sarah Veysey

Published January 06, 2014 - 9:01am CST

Marsh Inc. has acquired Aberdeen, Scotland-based brokerage Central Insurance Services Ltd., Marsh announced Monday.

U.S. property insurance rates down in first nine months: Marsh

By: Matthew Lerner

Published December 18, 2013 - 1:40pm CST

U.S. property insurance rates for the first nine months of 2013 dropped an average 1.1% for firms with total insured values of more than $5 billion and were down 0.1% for firms with total insured values of between $1 billion and $5 billion, according to a new report, Marsh Inc. said in a statement issued Wednesday.

Middle East, North Africa elevated on 2014 Political Risk Map

By: Bill Kenealy

Published December 16, 2013 - 2:22pm CST

Risk for direct foreign investors operating in the Middle East and North Africa has risen markedly in the wake of the Arab Awakening, insurance broker Marsh Inc. and risk analytics firm Maplecroft Ltd. said in a report released Monday.

Energy insurance market entering 2014 with abundant capacity: Report

By: Judy Greenwald

Published December 12, 2013 - 2:31pm CST

The upstream energy market, which includes exploration and production, now has between $3.75 billion and $4 billion in working insurance coverage capacity, which is sufficient for about 90% of the risks that need insuring, says Marsh Inc. in its latest Energy Market Monitor report.

ACA altering directors and officers liability coverage pricing: Marsh

By: Bill Kenealy

Published December 11, 2013 - 1:36pm CST

The Affordable Care Act is altering the price for directors and officers liability coverage for health care companies, a report issued Tuesday by Marsh Inc. finds.

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