Marsh News

Batson Joins Marsh to Head Nashville Office

Insurance broker Marsh has appointed Todd Batson as its new head of office in Nashville. Batson brings 15-years of experience working in the Tennessee insurance market to his new role, most recently serving as area vice president for Arthur J. …

Marsh Buying Stake in Alexander Forbes of South Africa

Marsh & McLennan Cos. will buy a 34 percent stake in Alexander Forbes Ltd. as Africa’s largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next month. Mercer Africa Ltd., a subsidiary of New York-based Marsh …

Swartz Tapped to Head Marsh Office in Tulsa, Oklahoma

Global insurance broker and risk management specialist, Marsh, appointed Tom Swartz as head of its Tulsa, Okla., office. Swartz is responsible for delivering Marsh’s advisory and transactional services to clients throughout Oklahoma. He succeeds John Newell, who will remain with …

Marsh to Acquire Majority Stake in Panama Broker Semusa

Marsh announced that it has reached a definitive agreement to acquire a majority stake in Panamanian insurance broker and advisor Semusa, Marsh’s long-standing local correspondent broker. Terms of the transaction were not disclosed. It is expected to close in the …

Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh

Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research report. Marsh found that financial …

Marsh’s Advice on Political Risk Market Concerns over Russia, Ukraine Turmoil

“Insurer concern over the political unrest and country credit ratings in Ukraine and potential sanctions in Russia have caused some to effectively stop underwriting political risk insurance in those two countries,” according to today’s briefing from Marsh. However, Marsh also …

MMC’s Marsh 4Q Revenue Jumps 4% to $1.4B

Marsh & McLennan Cos. reported $303 million in net income for its 2013 fourth quarter, up 17 percent from $259 million posted during the prior-year fourth quarter. The full year 2013 net income was $1.4 billion, up nearly 17 percent …

Marsh Launches Habitational Real Estate Property Insurance Facility

In response to the increasingly constricted habitational insurance market, Marsh has created a new property insurance facility designed specifically for those who own or are investors in multifamily properties. Marsh’s PRIME Habitational Property Insurance Facility was developed in collaboration with …

Marsh Appoints Bentley As President of U.S., Canada

Marsh has named Robert Bentley as president of its U.S. and Canada Division. Bentley will be responsible for the oversight of the division, which comprises Marsh’s U.S. core brokerage, Canada, and insurance services businesses. Bentley rejoined Marsh & McLennan Companies …

McDonald Named Head of Oliver Wyman; Drzik Moves to Marsh Global Unit

Marsh & McLennan Cos. promoted Scott McDonald to be the new head of its Oliver Wyman Group subsidiary. McDonald, who has been serving as president of Oliver Wyman, a management consulting firm within the Oliver Wyman Group subsidiary, will become …