Marsh News

People Moves: Generali GC&C Taps Former Tokio Marine Exec Kanu as CEO; BHSI Hires Aviva’s Major as UK Country Manager; Marsh Names Perry UK CEO, Credit Specialties

This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Berkshire Hathaway Specialty Insurance (BHSI) and Marsh. A summary of these new hires follows here. Generali GC&C Appoints Former Tokio Marine Exec Kanu as CEO …

Environmental Risks, Climate Change Ranked as Top Risks Facing Planet: WEF Survey

Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum (WEF) survey of global risk specialists found. Moreover, current-day challenges including the rising cost of …

Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot

A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate increases, an underwriter with Lloyd’s of London insurer Ascot said on Thursday. Twenty-one insurers are part of the facility, which …

People Moves: New Client Relationship Leaders at AXA XL; Marsh Specialty Hires Knowles to Head PEMA Practice; Corvus Nabs a CMO

AXA XL Adds New Client Relationship Leaders in the Americas AXA XL welcomed two new members to its client management team with the addition of Rana Gillmon and Allan Jackson as senior client relationship leaders. Both are based in Atlanta, …

Hazard Assessments Lag at Restaurant Companies: Marsh

Formal hazard assessments at restaurants are key in reducing worker injuries and insurance claims. In recent years, however, a sizeable number of companies have not conducted the required inspections. According to a Marsh survey, 49% of companies haven’t conducted a …

People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines

This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets, A summary of these new hires follows here. Marsh Names Adamantiadis as CEO, Continental Europe Marsh, the insurance broker and risk adviser, announced the appointment …

Update: Lloyd’s Insurer Ascot Pauses Writing New Cover for Ukrainian Grain Shipments

Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on Monday. Moscow said it was …

Global Insurance Rates Continue Rising at Slower Levels; Cyber Outpaces Other Lines

Global insurance pricing continued to rise, although at a slower pace, during the third quarter, which saw commercial insurance premiums increase an average of 6%, down from 9% in Q2, according to Marsh’s Global Insurance Market Index. The biggest increases …

Property Cat Market to Harden More; Possible ‘Significant Supply Imbalance’: MMC’s Doyle

While the total impact of Hurricane Ian won’t be realized for some time, the effect on an “already stressed property market will be significant,” said John Q. Doyle, group president and COO of Marsh McLennan. “At mid-year reinsurance renewals, the …

Ukraine Insurance Pricier, Harder to Organize Than During Iraq War: Sources

Insurance for humanitarian workers, journalists, engineers and others heading to Ukraine is now more expensive and harder to organize than during the Iraq war. While initially nervous about providing cover in the immediate aftermath of Russia’s February invasion of Ukraine, …