Marsh News

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 …

Allstate’s Bailey Joins Marsh As Head of U.S., Canada Sales

Insurance broker Marsh has appointed Donald Bailey as its new head of sales for U.S. and Canada. In this newly created position, Bailey will be responsible for executing the firm’s overall strategy and increasing the effectiveness of Marsh’s sales team. …

Marsh Taps Wallace to Head its Office in Columbus, Ohio

Insurance broker Marsh has appointed Scott Wallace to lead its Columbus, Ohio, office. Wallace brings nearly 15 years of insurance-related experience to his new role, most recently serving as Marsh’s southeast partnership sales leader in Atlanta. Since joining Marsh in …

‘Rear View Mirror’ Political Risk Management No Longer Works: Marsh

In an age of social media, simply looking at what has happened in the past no longer works to forecast what political events lie ahead in emerging markets, insurance and risk management firm Marsh advises. The speed at which political …

Rix Rejoins Marsh in Oregon

David Rix will rejoin Marsh as head of its Portland, Ore. office. The move is effective on Oct. 7. Rix will be responsible for the overall growth and profitability of the office. Rix rejoins Marsh from Willis, where he spent …