Marsh reported continuing increases in liability rates and decreases in property rates as it announced its first quarter results.
The broker announced worldwide revenue increases of 6% for risk management,and insurance broking, increases of 9% for reinsurance broking, and 11% for related insurance services.
Overall, Marsh & McLennan announced consolidated revenues of $3.2bn for 1Q 2004 compared to £2.9bn for the same period in 2003. Net income rose to $446m over the same period, said MMC.
Marsh also reached a final settlement for insured losses relating to the World Trade Center. The figure was $278m.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
