Marsh
With offices in more than 130 countries employing over 45,000 people, Marsh aims to provide industry-focused brokerage, consulting, and claims advocacy services, leveraging data, technology, and analytics to help reduce its clients’ total cost of risk.
Underlying revenue up 6% at Marsh
Marsh has seen a 12% rise in revenue to $1.21bn (£756m) for the third quarter of 2011 from $1.08bn in the same period of 2010.
QBE sets up new environmental liability team
QBE has created a new team to launch an environmental impairment liability (EIL) product.
Jardine Matheson increases JLT stake to 40%
Jardine Matheson’s bid for a 10% increase in its shareholding of JLT has won both shareholder and regulatory support.
Market moves: Making moves in the Midlands
The Midlands was the place to be this month with numerous appointments and promotions at all levels, with Commercial Express in particular the source of a few moves. Lorica and Oxford Insurance Brokers also added several employees to their teams.
Marsh appoints new head of risk consultancy
Marsh has appointed Richard Waterer as head of Marsh Risk Consulting (MRC) in the UK and Ireland.
Equity targets large accounts with dedicated team
Equity Red Star has established a national broker relationship management team dedicated to its largest broker accounts.
Marsh reveals new COO
Insurance broking giant Marsh has appointed Bill Pieroni to the role of chief operating officer.
Broker Expo South: Brokers learn about diversification
Delegates at Insurance Age’s inaugural Broker Expo South heard from Roger Oldham, managing director of Amethyst Business Consulting, as he explained the opportunities and dangers to brokers looking to expand their businesses through diversification.
Marsh makes senior hire to develop footprint on Isle of Man
Marsh has appointed Ken Watterson as a non-executive director on its board of directors on the Isle of Man.
Marsh's new PI offering targets cover issues for small law firms
As another challenging renewal season for solicitors’ professional indemnity (PI) approaches, Marsh has launched a service designed to cater for smaller practices.
Denney unveils Marsh Probroker’s membership numbers, in Network Spotlight day three
Martyn Denney, head of networks at Marsh Probroker, has revealed that it has a current membership of 12 with four more signed up ready to go live in his interview for Network Spotlight.
Network spotlight series
Insurance Age has interviewed the leaders of the networks to ask them why there are more brokers outside networks than in and what steps they have taken to help members in the past year.
Burke predicts interim profits at Thistle in 2012
Chief executive of JLT, Dominic Burke, has predicted that Thistle Insurance will beat its 2010 full year trading profit of £4.8m this year.
Regional brokers win business because of service, says study
Just under half of commercial insurance clients prefer to work with regional brokers, according to findings from Pearlfinders Risk Index.
Aon makes three internal appointments to Risk Solutions business
Aon Risk Solutions has appointed three new insurer relationship managers for Aon GRIP Solutions in the UK.
European capacity still buoyant, says Marsh
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA), according to a new report published by Marsh.
Get involved with Insurance Age’s Network Spotlight
Insurance Age has secured video interviews with 11 of the leading broker networks in the insurance market and during July the senior leaders will be put under the spotlight to answer your questions.
Crisis Survivor enters administration owing over £300,000
Crisis Survivor, the risk management and business continuity specialist, has gone into receivership, leaving 38 creditors and debts of £312,599.
No market wide increase in rates as hardening remains elusive
Despite record level first-quarter catastrophe losses, insurance rate increases were confined to loss-affected exposures, according to research published by Marsh.
Marsh announces management changes
Marsh has announced three changes to its senior management team with Daniel Glaser being appointed to the newly created position of group president and chief operating officer for Marsh & McLennan Companies.
Regulatory burden on brokers is heavier than tax
The British Insurance Brokers’ Association (Biba) has warned that the regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays.
New player enters high end liability market
Lloyd’s broker Kite Warren & Wilson (KWW) is targeting the high end SME asset manager and Lloyd’s managing agents market with a suite of new liability products.
Your opinions: follow on LinkedIn
LinkedIn discussion in response to “What does everyone think about the ECJ ruling on gender? Will age be next?”
Reportage: Facing up to networks
With networks increasing in popularity, Emmanuel Kenning recounts their development and looks to the future of this crucial market sector.