Marsh & McLennan has refused to comment on reports that it plans to announce a further 7,000 job losses globally next week.
In a report in The Independent newspaper, Marsh is expected to make these redundancies in reaction to the loss of income since cancelling its contingent commission business since the Spitzer investigation.
In November last year, the company announced 3,000 job losses globally, with around 300 in the UK. The company has to pay a $850m settlement over four years and may have to pay further settlements to other Us states who have made claims similar to New York attorney general Eliot Spitzer.
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.
