Marsh News – Page 3
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News‘There will always be a need for insurance’ – Lloyd’s boss John Neal
The insurance industry provides ’a framework for bouncing back’, as risk can never completely be eliminated and ’we cannot just look to politicians for answers’
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NewsFCA slams JLT Specialty with multimillion pound fine
Insufficient controls by the firm meant that ‘money flowed into the pockets of corrupt officials’, says the regulator’s director
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NewsSuccessful D&I strategies require the insurance industry to stop ‘playing musical chairs’
There is an opportunity for the industry to rebrand insurance in order to encourage school leavers to join the sector
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NewsMarsh UK and Ireland commits to employing 30 autistic colleagues
A ‘truly healthy’ workplace culture must be ‘inclusive, diverse and equitable to everyone’, says chief executive
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NewsData breach and ransomware the main drivers for UK 2021 cyber claims – Marsh
The health care sector was the hardest hit
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NewsCyber insurance sees triple-digit pricing increase in Q4 2021 – Marsh
The rate increase has been driven by a rise in ransomware claims
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NewsMarsh ranked top broking group for worldwide revenues in 2021 – Insuramore
The broker was also ranked as the leader in commercial property and casualty insurance retail broking
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NewsC-suite confidence in managing cyber risk has dropped – Marsh
Despite the drop, more organisations are using quantitative methods to measure their cyber risk exposure
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NewsGRP’s County Group buys broker in third deal of 2022
County Group is ‘actively looking for more opportunities’ and is keen to speak to vendors
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NewsWTW suffers $138m financial hit on Russian business exit
The broker saw a 3% dip in its revenue compared to the same period last year as a result
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NewsUK cyber insurance pricing up by 102% – Marsh
The Russia-Ukraine war has put pressure on the insurance market
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NewsEx-Pool Re boss joins Guy Carpenter
He will join the reinsurance broker in a newly created role
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NewsMarsh pulls all Russian business
The move comes alongside a condemnation of the ‘unprovoked attack’
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NewsUK cyber rates soar amid market challenges
The climb in rates is driven by an uptick in ransomware claims as well as insurers tightening cover rules
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NewsMarsh’s vice-chairman set to retire this March
The broker’s vice-chairman ‘played a key role in successfully integrating’ Marsh and JLT, said group president and chief operating officer
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NewsCyber threats ‘growing faster than ability to prevent and manage them effectively’
Rewarding efficiency over resilience ’can leave companies vulnerable to shocks’, says broker’s European risk management leader
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NewsClimate crisis is ‘biggest long-term threat facing humanity’
Lobbying group’s report urges the insurance industry to ‘think outside the box’ and act on climate change risks
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NewsMarsh appoints UK and Ireland boss for international placement business
The candidate ‘has an in-depth understanding of client needs around the world’
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NewsMarsh McLennan conducts executive committee reshuffle
The firm’s president and chief executive believes the appointments help create a ‘stronger and more dynamic company’ that will ‘help us achieve the next phase of our growth’
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NewsMarsh Commercial collaborates with specialist cycling insurer
Marsh’s ‘world expertise’ will help boost the insurer’s ‘growth journey’, says chief executive
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