Marsh McLennan News

Ukraine in Talks With Marsh on War Risk Insurance for Air Transport

Ukraine is discussing military risk insurance for air transportation with insurance broker Marsh and consulting firm Oliver Wyman, Ukraine’s National Security and Defense Council said on Friday. Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February …

Extreme Weather and Misinformation Top Global Risks: World Economic Forum

Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the next couple of years, a World Economic Forum (WEF) survey released on Wednesday said. While extreme weather was identified as the bigger risk …

US DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery

The US Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation “in a corrupt scheme to pay bribes to Ecuadorian government officials,” the DOJ …

Marsh & McLennan Finalizes Delisting From London Stock Exchange

Marsh & McLennan Companies Inc. has delisted and canceled trading from the London Stock Exchange, further to its announcement made on Oct. 27, 2023. The delisting was finalized at 8:00 a.m. (GMT) on Nov. 27, 2023. The company continues to …

Update: Ukraine Launches Grain Insurance Program With Marsh McLennan, Lloyd’s

Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels sailing from Ukraine’s deep-sea ports, just days after a ship was hit by a Russian missile. The country is launching …

Update – Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey

Economic and societal threats – such as an economic downturn, inflation, and an erosion of social cohesion – rank among the biggest risks in G20 countries over the next two years, according to a global survey of business leaders conducted …

5 Brokers Report Strong Revenues During Q3 as Favorable Market Climate Continues

Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,” and “strong” to describe their companies’ financial performances. In a wrap-up of the brokers’ results, listed in descending order by …

Marsh & McLennan Cos. Intends to Delist From London Stock Exchange

Marsh & McLennan Companies Inc. gave notice of its intention to delist from the London Stock Exchange. Marsh & McLennan explained the action by saying that the majority of trading in the company’s securities occurs on the New York Stock …

Marsh McLennan Names Tomlinson President, Future CEO of Mercer

Effective today, Pat Tomlinson has been named president of Marsh McLennan’s Mercer, and will succeed Mercer CEO Martine Ferland upon her retirement March 31, 2024. In the meantime, as president, Tomlinson will report to Ferland and have management responsibility for …

People Moves: Marsh Names Harris CEO, UK Retail; AXA XL Appoints Meier as Chief Client Officer

This edition of International People Moves details appointments at Marsh McLennan and AXA XL. A summary of these new hires follows here. Marsh Appoints Harris as CEO, UK Retail Marsh McLennan announced the appointments of Nick Harris as CEO, UK …