Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources with knowledge of the matter say. Insurers …
Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the U.S. Terms of the acquisition were not …
This edition of International People Moves details appointments at Miller, HSB Canada and HDI Global. A summary of these new hires follows here. Miller Taps Marsh’s Holloway as Head of Europe Miller, the London-based specialist reinsurance broker, announced the appointment …
This edition of International People Moves details appointments at Marsh and Howden. A summary of these new hires follows here. Marsh Promotes Duca to Global Head of Credit Specialties Marsh, the insurance broker and risk adviser, announced the appointment of …
Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh, which pointed to two notable trends during Q2: a moderation in cyber rates and continuing challenges in property insurance, which …
Charles Williamson has been hired by Marsh to become chief executive officer of it global managing general underwriting business, Victor. Williamson was most recently co-founder and CEO of Vault, an MGA and reciprocal exchange for the high net worth market. …
Marsh said today that Pat Donnelly has been appointed as president, Marsh Specialty and Global Placement, effective immediately. Donnelly was formerly president of Marsh’s US business since the start of 2022. Prior to that, he was head of Marsh Specialty …
Ukraine is pushing for grain exports to continue from key ports following Russia’s withdrawal from the Black Sea grain deal. Insurers and shippers aren’t so sure. Russia’s termination of the pact this week means that it will no longer guarantee …
There are a “number of ideas being floated” to help get Ukrainian and Russian grain and fertilizer to global markets after Moscow quit a deal allowing the safe Black Sea export of Ukraine grain, the United Nations said on Tuesday. …
A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit the United Nations-backed agreement, broker Marsh said on Tuesday. Moscow has withdrawn from the year-old grain export deal in …
