Marsh News

When UK Insurers, Banks Emerge from Lockdown, Their Employees Face New Normal

Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing to return to offices under new norms to tackle the coronavirus. Britain’s financial sector is working to bring staff back …

Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh

Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance Market Index. Although the COVID-19 …

Two Law Firms Seek British Businesses to Join Biz Interruption Lawsuit Against Allianz

Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer Allianz for rejecting business interruption claims during the coronavirus pandemic. Edwin Coe and Harris Balcombe said they wanted to challenge …

Marsh & McLennan Revenue Grew 14% in Q1

Marsh & McLennan Companies (MMC) marked the one-year anniversary of its acquisition of Jardine Lloyd Thompson (JLT) by reporting consolidated revenue in the first quarter of $4.7 billion, a 14% increase over the same quarter in 2019. Operating income was …

Marsh Names Rahr in Chicago as Global Leader of Multinational Client Service

Insurance broker and risk advisor, Marsh, has appointed David Rahr as global leader, Multinational Client Service. Based in Chicago, he will report to Flavio Piccolomini, president, Marsh International, and Martin South, president, US and Canada. In this role, effective April …

This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It

Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a senior vice president …

Marsh JLT Specialty Names Hanrahan Global Head of Aviation, Succeeding Harker

Insurance broker Marsh announced the appointment of Garrett Hanrahan as global head of Aviation, Marsh JLT Specialty. Hanrahan is succeeding Simon Harker who is retiring after 44 years in the industry. Based in Dallas, Hanrahan will report to Lucy Clarke, …

Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh

Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest year-over-year increase in the Marsh Global …

Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks

Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, an executive said. …

Marsh Hires Crain as HealthCare Practice Leader for Northeast Zone

Marsh, an insurance broker and risk adviser, has hired Ethan Crain as HealthCare practice leader for the Northeast zone. Based in Boston, Mass., Crain reports to Chris Roak, Northeast zone leader. In this newly created role, Crain is responsible for …