Marsh News

RIMS in Southern California Touts Risks

Risk managers will play a greater role in strategic planning in the near future, according to a report issued on Monday. That was among the plethora of risk related information delivered at the annual Risk and Insurance Management Society conference …

Marsh Names Jones Head of Grand Rapids, Michigan Office

Insurance broker Marsh announced that Bob Jones, a 28-year veteran of the insurance industry, has been named head of its Grand Rapids, Mich., office. In his new role, Jones is responsible for ensuring that Marsh delivers superior advisory and transactional …

Marsh & McLennan Q4 Profit Up 1%; Full-Year Profit Rose 18% to $1.18B

Marsh & McLennan Cos. Inc. reported this morning $259 million for the 2012 fourth quarter net income attributable to the company, a 1.2 percent increase from $256 million income reported during the fourth quarter of 2011. The full-year profit showed …

Marsh Names U.S. D&O Liability Product Leader in New York

Marsh, the insurance broking division of Marsh & McLennan Cos., announced that Brenda Shelly, a veteran management liability broker and underwriter, has been appointed the firm’s new U.S. directors and officers liability (D&O) product leader.Shelly, who has relocated from San …

Carriers ‘Uncertain’ About California Workers’ Comp Reform

Editor’s Note: This is the fourth in a series of articles to look at California’s workers’ compensation reform law, which takes effect Jan. 1, 2013.   Insurance carriers, along with the many stakeholders who are watching and waiting as California’s …

Marsh Names Pittsburgh-Based East and Central Zone Mining Leader

Marsh, the insurance broking division of Marsh & McLennan Cos., announced that Douglas Schwab has rejoined the firm as its new East and Central zone mining leader.In this newly-created position, Schwab will be responsible for ensuring consistent delivery of advisory …

South to Head Marsh’s Combined Asia-Pacific; Piccolomini Continental Europe

Marsh has embarked on a major reordering of its regional activities, which it said is “in order to align the delivery of its global capabilities more closely to the needs of clients around the world.” Marsh has combined its Asia …

Marsh Names Moylan to Lead Newly Launched Surety Practice Unit

Marsh, the insurance broking division of N.Y.-headquartered Marsh & McLennan Cos., announced last week the launch of a global surety practice unit.Marsh said its network of more than 200 surety specialists is already providing clients with consulting and brokerage services …

Demand For Transactional Risk Insurance Jumps by 35%: Marsh

Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield their revenue and assets from the risks they face on acquisition and upon exit or sale, according to a new report issued …

High Risks Seeing Double-Digit Hikes in Excess Casualty Rates: Marsh

Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh said in a report. Renewal rates rose …