While the reinsurance market indeed stabilized during the January 2024 reinsurance renewals (from the chaotic January renewals of last year), buyers with loss-affected programs experienced further upward pressure on retentions and prices, according to reinsurance brokers in comments about the …
Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots. Political violence cover, which businesses can take out to …
A merchant ship transporting grains was lightly damaged off the coast of Ukraine and was likely to have been hit by a floating sea mine, according to maritime specialists and a Ukrainian government source. This is the latest incident affecting …
Marsh, a business of Marsh McLennan, headquartered in New York, N.Y., named Janice Kowell marine, cargo and logistics practice leader, U.S. and Canada. Kowell will remain based in Portland, Ore. Kowell succeeds Michael Pellegrini, who has been named regional head …
Some insurers are excluding Israel, Lebanon and other Middle Eastern countries from their event cancellation policies after the Israel-Hamas war resulted in some activities being pulled. European Aquatics last week called off the continental water polo championships, which was scheduled …
This edition of International People Moves details appointments at Marsh and Markel. A summary of these new hires follows here. Marsh Promotes Donnelly to Global Head of Placement Insurance broker Marsh announced the appointment of John Donnelly as global head …
Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by the insurance broker Marsh, a business of Marsh McLennan. The third quarter marks …
This edition of International People Moves details appointments at Marsh, Lockton and MS Amlin. A summary of these new hires follows here. Marsh Names Thurston CEO, UK Risk Mgmt, Mistry as CEO of FINPRO Marsh, the insurance broker and risk …
Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter said. …
Pellegrini Appointed Marsh Specialty Leader for US and Canada Broker Marsh said it promoted Michael Pellegrini to head of Marsh Specialty in the US and Canada. Effective immediately, Pellegrini will oversee Marsh’s aviation, construction, credit specialties, energy & power, financial …
