Marsh News

Marsh Names Accenture’s Richards as Global Head of Cyber Risk Consulting

Insurance broker Marsh has appointed Kevin Richards to the newly-created role of global head of Cyber Risk Consulting. Richards will be responsible for leading the strategic development and delivery of Marsh’s cyber risk consulting business worldwide, collaborating with its regional …

Marsh to Acquire Houston’s Wortham Insurance

Global insurance broker, Marsh, is acquiring Houston-based Wortham Insurance. Terms of the transaction, which is expected to close in the third quarter of 2018, were not disclosed. Founded in 1915, Wortham has more than 530 colleagues based in its Austin, …

New Marsh Coverage Protects Businesses From Pandemic Losses

Marsh has launched a new insurance product to provide financial protection to US-based businesses and their global operations affected by an infectious disease outbreak. PathogenRX, developed by Marsh in collaboration with Munich Re, and epidemic risk modeler Metabiota, is a …

Marsh Appoints Denny as UK Financial & Professional Practice Leader

Marsh announced the appointment of Paul Denny as UK Financial and Professional Practice (FINPRO) Leader. Denny reports to Paul Moody, CEO of Marsh’s UK Specialties Division. Denny joined Marsh in 1989 and held senior roles in the firm’s London, Boston …

Marsh Enhances Cyber Risk Products to Address Business Interruption Risks

Marsh has launched a suite of new and enhanced risk analytics and insurance coverages designed to address business interruption (BI) risks arising from cyber-attacks. Marsh’s new cyber BI suite includes proprietary insurance wording and risk assessment analytics, integrated into its …

Marsh Develops Commercial Blockchain Solution for Proof of Insurance

Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance. By using blockchain, or distributed ledger technology, Marsh said the certificate of insurance process will be transformed “from …

Marsh Names Lay as CEO, UK & Ireland; Robson as President & CEO, Marsh Canada

Marsh announced that Chris Lay will be named CEO of its UK & Ireland region, reporting to Flavio Piccolomini, president of Marsh International, and he will be appointed CEO of Marsh Ltd., all subject to regulatory approval. Marsh also announced …

Marsh Subsidiary Jelf to Acquire Scottish Insurance Broker Clark Thomson

Jelf, a consultant that specializes in insurance, risk management and employee benefits, announced it has reached an agreement to acquire Clark Thomson, Scotland’s largest independent insurance broker. The transaction is expected to close in the second quarter of 2018. Terms …

Marsh Taps Adamantiadis from Oman Insurance as CEO of Middle East & Africa

Marsh announced it has appointed Christos Adamantiadis as CEO of a newly combined Middle East and Africa region. The broker also has appointed Ayman El Hout as country leader for the United Arab Emirates (UAE). Based in Dubai, Adamantiadis will …

Marsh Joins Enterprise Ethereum Alliance to Support Open Source Blockchain Standards

Marsh has announced that it has joined the Enterprise Ethereum Alliance (EEA), an open source blockchain initiative with 400 member companies. The EEA seeks to create open industry standards and frameworks for blockchain applications based on the core Ethereum platform. …