Marsh McLennan News

Brokerage Giants Aon, Marsh Unite In Call for Industry Aid to Ukraine

Highlighting the existence of blanket exclusions in reinsurance contracts for risks originating in the region impacted by the ongoing Russia Ukraine conflict, Aon and Marsh McLennan are jointly calling for their removal. In a joint statement issued on Sunday, the …

UK Insurers Call for Rule Change to Establish Captive Insurance Regime

Senior figures in the insurance industry are calling on the UK to restart work on a potential new market worth billions of pounds as part of a drive to boost competitiveness. Executives have written to Chancellor Rachel Reeves calling for …

Marsh McLennan Reports 8.7% Increase in Q2 Net Income

Insurance broker Marsh McLennan reported second quarter net income of $1.125 billion, an 8.7% increase from $1.035 billion reported during Q2 2023. Operating income rose 13% to $1.6 billion. Q2 earnings per share increased 10% to $2.27, while adjusted earnings …

Marsh McLennan Unit Mercer to Buy UK Pension Fund Manager Cardano

Insurance brokerage firm Marsh McLennan’s unit Mercer has agreed to buy Cardano, a London-based pension fund manager that oversees $66 billion of assets, to widen its foothold in the UK market. The deal, unveiled on Tuesday, will allow Mercer to …

Survey: Mid-Market Leaders Peg Cyber, Economy and Regulation as Top Concerns

Business leaders place cybersecurity, the economy, regulatory challenges and global instability among their top concerns for the coming year, fueled by factors such as AI, climate change, nuclear verdicts and political unrest. The annual Marsh McLennan Agency Business Insurance Trends …

Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman, Sentrisk uses advanced …

People Moves: Marsh McLennan Names Liston US, Canada Chief Commercial Officer

Marsh McLennan, headquartered in New York, appointed David Liston as U.S. and Canada chief commercial officer (CCO) effective immediately. Liston previously served as Marsh U.S. and Canada corporate segment leader, and recently had an expanded role across Marsh and Mercer, …

Marsh McLennan, Ukraine, Lloyd’s Expand Insurance Facility for Non-Military Shipments

Insurance broker Marsh McLennan, the Ukrainian government and Lloyd’s have announced a major expansion of the Unity insurance facility – a public-private partnership originally launched in November 2023 to provide war risk insurance for grain shipments and other critical food …

Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023

Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown & Brown – reported generally strong revenues in 2023, with annual increases ranging from 7% (Aon) to 18% (Arthur J. …

Grain Insurance Program Could Be Blueprint for Ukraine’s Return to Air Travel: Doyle

Ukraine is working “intensively” with partners to restore air travel suspended for nearly two years, with the main focus on Boryspil International Airport outside the capital Kyiv, a presidential official said on Thursday. Ukraine’s airspace was abruptly closed by Russia’s …