Marsh News

What Executives Need to Know About Managing D&O Liabilities: Allianz Report

Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company’s assets, and their own assets, at risk, but also may threaten their personal …

Marsh to Acquire UK-Based Bluefin Insurance from AXA for $369.4M

Marsh announced it has reached agreement with AXA Group to acquire Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc. The transaction, which is subject to regulatory approval, is expected to close in the first quarter of 2017. AXA …

Marsh Appoints King as Chief Client Officer, UK & Ireland

Marsh has appointed Ailsa King as chief client officer, UK & Ireland. Reporting to Mark Weil, CEO, Marsh UK & Ireland, King will join Marsh’s UK & Ireland Executive Committee, and, subject to regulatory approval, will become a director of …

Drab Joins Marsh in Chicago as CEO of Dovetail Insurance

Insurance broker and risk advisor Marsh has hired Rich Drab as CEO of Dovetail Insurance, which provides insurance technology services tailored to the U.S. small commercial market. Drab is based in Chicago and will report to Kevin Tobin, president of Marsh’s Insurance …

Marsh Hires Maryland-Based Hewett to Construction Practice

Global insurance broker Marsh has hired David Hewett as a U.S. contract surety leader in its construction practice. In this newly created role, Hewett will work closely with Marsh’s surety practice to deliver solutions to construction clients across the U.S. …

Garcia Tapped to Lead Marsh’s Houston Office

Tony Garcia has joined insurance broker and risk management provider, Marsh, as head of its Houston office. Garcia joins Marsh from Lockton where he most recently served as an executive vice president and member of its Houston Executive Operations Group. …

Brazilian Corruption Probes Lead to D&O Market Boom

Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of corporate bankruptcies. The country’s so-called directors & officers (D&O) …

Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned

Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016. South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office. He will oversee Marsh’s …

Marsh Taps Cooke (Former NAPSLO President) as Vice Chair of Global Placement

Marsh has appointed Jeremy Cooke as vice chairman of Global Placement, effective immediately. Based in London, Cooke will report to Dean Klisura, global head of Industry Specialties and Placement. In his new role, Cooke will focus on critical growth areas …

How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report

When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a report published by Marsh. …