Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions May 30, 2023 Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker...
People Moves: Aspen Appoints Boon Head of Singapore; Liberty Mutual Hires Patrick Thielen Global Head of Cyber; Guy Carpenter Makes Senior Moves in Europe May 22, 2023 Aspen Appoints Boon as Head of Singapore; Morely Relocates to London Aspen Insurance Holdings Limited has appointed industry veteran Tay...
Broker Sues Over Unethical ‘Raid’ of 38 Staff in UK Poaching Row May 11, 2023 By Jonathan Browning Marsh & McLennan Cos.’s reinsurance broker sued a London rival, saying it secretly planned an unethical “raid” of 38 people...
Marsh McLennan Reports ‘Strong Start’ to Year With Restructuring Program on Track April 25, 2023 By L.S. Howard Marsh McLennan Companies Inc. reports “a strong start” to 2023, generating 9% underlying revenue growth in the first quarter on...
No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines January 25, 2023 By Susanne Sclafane Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected January 24, 2023 By Susanne Sclafane When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually...
Global Natural Catastrophe Insurance Losses Estimated at $112B in 2022: Carpenter December 30, 2022 Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance broker Guy Carpenter said on...
People Moves: WTW Adds Rolfe in West; Guy Carpenter Makes GC Access Appointments October 25, 2022 WTW, a global advisory, broking and solutions company based in New York, New York, has appointed Terry Rolfe as director...
Property Cat Market to Harden More; Possible ‘Significant Supply Imbalance’: MMC’s Doyle October 21, 2022 By Chad Hemenway While the total impact of Hurricane Ian won’t be realized for some time, the effect on an “already stressed property...
People Moves: Lockton Re Taps CyberCube’s Brew for London Cyber Practice; Howden Hires Tysers Godfrey for Equine Division; Carpenter’s Delegated Authority Unit Hires 3 October 19, 2022 This edition of International People Moves details appointments at three brokers: Lockton Re’s Cyber Practice, Howden’s Equine division and Guy...