Marsh News – Page 5
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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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NewsFilm and TV production Covid support scheme extended following broker support
Tysers director described the move as ‘fantastic news’ because the scheme ‘was the only way to get projects back into production and the industry back on its feet’
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NewsGlobal commercial insurance prices up 15% in Q3 2021 - Marsh
Despite pricing levelling out in certain lines of business, the insurance industry needs to be ready as the ‘pressure on rates in cyber insurance’ continues, says broker president
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NewsGuy Carpenter establishes insurtech centre of excellence
The broker will also expand its relationship with financial technology analyst firm Celent
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NewsBrokers call out ‘conflict of interest’ in delayed government-backed £750m live events reinsurance scheme
Concerns over a ’conflict on interest’ has been raised by several brokers in the market
