Marsh News

Marsh & McLennan Seeks Ways to Cut Tax as Competitors Shift to London

Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us started several years ago,” Dan Glaser, chief executive …

Marsh & McLennan Agency Enters Canadian Market with Purchase of Vézina

Marsh & McLennan Agency LLC*, a subsidiary of Marsh, has acquired Vézina, a Montreal, Quebec-based independent insurance brokerage firm. The acquisition includes the property/casualty brokerage division Vézina Assurances Inc. and group benefits division Vézina & Associes. Terms of the transaction were …

Marsh Appoints Rahr as Mid-Atlantic Partnership Leader in Philadelphia

Global insurance broker Marsh appointed David Rahr as Mid-Atlantic partnership leader based in Philadelphia.

Marsh Launches Diagnostic Tool to Estimate Clients’ Total Cost of Risk

Marsh has unveiled a new casualty cost diagnostic tool powered by its analytics that provides clients enhanced awareness of their casualty program costs and trends and shares strategies on how to further control their casualty total cost of risk (TCOR). …

Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh

Abundant capacity and strong competition have contributed to a favorable marketplace for buyers of political risk insurance globally, according to Marsh’s “Political Risk Market Update,” published this month. Despite growing concerns about global political and credit risks and a recent …

Marsh: Many Firms Fail to Assess Cyber Threats From Business Partners

Many UK firms are failing to adequately assess their customers and trading partners for cyber risk, and are more vulnerable to cyber attacks themselves as a result, according to a study published by Marsh. Marsh’s Cyber Risk Survey Report found …

Directors & Officers Could Be Liable for Cyber Attacks: Marsh

Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an attack against their firm occur, according to …

Drone Industry Development Backed by Plentiful Insurance Capacity: Marsh Report

The rapid development of the unmanned aerial systems (UAS/drone) industry is underpinned by the insurance market’s willingness to provide cover for the deployment of the fledging technology, said a report published by Marsh. Insurance capacity for UAS operations is plentiful …

Marsh to Acquire UK-Based Broker, SME Insurance Services

Marsh announced it has reached a definitive agreement to acquire SME Insurance Services (SMEi), a UK independent broker which provides specialist commercial insurance to small and medium-sized enterprises. Terms of the transaction, which is expected to close in the third …

Marsh Appoints Wood as Southeast Partnership Leader in Atlanta

Marsh has appointed Julie Wood as Southeast Partnership leader based in Atlanta. In this role, Wood is responsible for ensuring the delivery of Marsh’s advisory and transactional services to clients throughout its Southeast Partnership, which includes Marsh’s Atlanta, Birmingham, Ala., …