Marsh
Firms still failing to focus on supply chain resiliency
Despite a number of wake-up calls from last year's catastrophe events, many organisations still lack complete visibility into their supply chains and remain vulnerable to the next disaster, according to a white paper published today by Marsh.
Market moves: Canopius and CGSC dominate appointments
This week the recruitment space belonged to Canopius and Cooper Gay Swett & Crawford. Canopius restructured its entire executive committee, alongside appointing an underwriter, while CGSC recruited a new chief commercial officer, head of operations and…
Onshore captives on the rise, says Marsh
Organisations are increasingly forming captives onshore in the European Union or United States, while the use of alternative captive structures is growing, especially among smaller organisations, according to Marsh.
Insurers must develop policies responsive to evolving risk landscape
A paper published by Marsh today urges insurers to re-examine risk management strategies and introduce procedures that strengthen operational and financial resilience.
Marsh says 2011 cats demonstrated need for more cover and better policy wordings
Broker Marsh has said that the scale of catastrophes in 2011 exceeded previous loss-modelling predictions and has challenged established thinking on the nature of risk.
Property rates to keep rising in the short term
Despite the absence of a major natural catastrophe in the first quarter, rates rose for catastrophe and non-catastrophe exposed risks in most geographies, according to a Marsh report.
Talks turn to Solvency II and IPO benefits as Project Noah claims wide support
The bosses behind the Project Noah flood solution believe proposals to establish a UK risk pool with £14bn of reinsurance capital could provide a crucial solvency boost for insurers with IPO ambitions.
Post magazine - 5 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Marsh's Project Noah will not work and has no insurer support, claims ABI
The Association of British Insurers has slated the flood reinsurance idea floated by broker Marsh and Guy Carpenter, claiming that it won't work and insurers don't back it.
Project Noah promises flood reinsurance
Marsh and Guy Carpenter have published provisional details of their flood reinsurance plan known as Project Noah after testing it with insurers.
Charnaud apppointed chairman of Marsh's infrastructure practice
Marsh has named Edwin Charnaud as chairman of its Global Infrastructure Practice.
Marsh hires Charnaud for chairman role
Marsh has appointed Edwin Charnaud as chairman of its global infrastructure practice.
Industrial assets underinsured by up to 60% in Asia
Telecommunications, energy and petrochemical companies are underinsuring their industrial assets by 30% to 60% in Asia, according to a new report by Marsh, and John Foord, an industrial asset valuation firm in Asia.
Career development: Marsh training course gains accreditation
Marsh's series of energy insurance training courses have been accredited by the Chartered Insurance Institute following a six-month CII assessment, which included a review of the learning and evaluation materials, training sessions and the course leaders.
Energy: Overcapacity causing problems as market rates stagnate
It has been a tumultuous few years for the insurance industry, and not many sectors have been affected as much as energy.
Market Moves: Brokers back with a bang
After two slow weeks, the broking sector has seen an upswing in activity, with a number of large players making high-profile appointments.
Marsh appoints Lay business development leader international
Broker Marsh has appointed Chris Lay to the newly created position of business development leader for its International division, which comprises all Marsh's operations outside North America.
The rise of King Artur: interview with Garwyn CEO Artur Niemczewski
After his grandparents escaped the clutches of the Nazis during the Second World War, Artur Niemczewski spent his formative years in communist Poland. The recently appointed Garwyn chief executive reflects on his past as a nuclear scientist and outlines…
Talent deficit could scupper financial services firms' growth plans
A serious talent shortage could derail the growth plans of financial services companies globally, according to PwC's latest CEO survey.
Willis makes u-turn over contingent commissions as profits tumble
Broker stresses new stance does not have an impact on most business.
Roundtable: Climate change - what are the implications?
Environment-related risks will shift significantly over the coming decades, so what can insurers, brokers and loss adjusters do to prepare for the future?
Emerging markets present growth opportunities for energy firms
Despite geo-political turmoil, many economies now present increased growth opportunities for global energy companies due to decreasing political risk and improvements in legal and regulatory environments, according to risk analysis company Maplecroft.
Miller names two in political risk push
Miller has bolstered its political risk, trade credit and political violence capabilities by recruiting James Cunningham, pictured right, from Marsh, and Ewan Wauchope, left, from AJ Gallagher.
Marsh reports bumper profit growth
Broker Marsh's parent MMC has reported revenue up 9% to $11.5bn in 2011 with pre-tax profit up 82% to $1.4bn ($769m). Operating income was up 49% to $1.6bn ($939m).