Marsh
Insurer capacity creates good conditions for energy firms
Excess capacity and continuing competition among insurers means that buying conditions remain favourable for many energy firms in the final quarter of 2011.
Rugby club insurer RSA working on M5 crash
Bosses at RSA — the insurer responsible for covering Taunton Rugby Club — have said it is too early to comment on a police investigation into claims that smoke from a club firework display may have caused the M5 crash.
News analysis: An Olympian effort to prevent an impact on the business
If the trains and tubes are overcrowded and the roads gridlocked, will London’s brokers and insurers cope during the Olympics?
Miller appoints former Marsh man to corporate risks team
Miller has today underlined its commitment to strengthening its corporate risks team with the appointment of Mark Hicks from Marsh.
Reaction to proposed ELD extension
The CEA claims the proposed extension to the Environmental Liability Directive will be damaging for European insurers. Francesca Nyman asks the market for its initial reaction to the proposal.
McGovern named on US Treasury insurance committee
Lloyd’s North America director and general counsel Sean McGovern has been appointed to the US Treasury’s committee on insurance.
XL scoops bulk of solicitors’ PI market as fewer join assigned risk pool
As capacity in solicitors’ professional indemnity increases, brokers predict XL will be the biggest player in the market, replacing 2010’s top underwriter Chartis.
Marsh insurance unit increases profit by 24%
Marsh & McLennan Companies’ today announced its risk and insurance services unit made an operating profit of $925m for the first nine months of 2010 – an increase of 24% on the previous year.
Marsh joins United Nations disaster partinership
Marsh has joined the United Nations Disaster Risk Reduction Private Sector Partnership to support work aimed at enhancing national and local resilience to disaster.
Broking supplement - Top 25 EC3 Brokers - Analysis: Perennial growth
There have been a few changes at the top – but it has been another year of steady progress for the top 25 EC3 brokers.
QBE makes two new hires to launch liability product
Business insurance specialist QBE has formed a new team to launch an environmental liability product.
BP Marsh boss has ‘multi-million pound war chest’
Brian Marsh of venture capital firm BP Marsh has told Post he has a multi-million pound war chest to buy 20% to 40% stakes in internationally trading brokers.
Hogarth’s Imperial exit sparked by ‘difference of opinion’ - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the reason behind Imperial Consultants’ Ian Hogarth’s move to LAS Claims Management.
Market moves: Brokers pick up the pace
Following a quiet fortnight, major players in the broking sector have actively been recruiting this week.
Marsh warns firms over failure to validate coverage levels
Many organisations are failing to validate the limits of liability they require for their natural catastrophe insurance programmes, according to broker Marsh.
Insurers “competitive but cautious” at Q3 renewals, according to Marsh
Despite significant insurance losses in the first half of the year, insurers remain “competitive but cautious”, according to global broker Marsh.
Marsh report points to 'stable rate environment'
Insurers have remained competitive but cautious despite suffering significant catastrophe losses in the first half of the year, according to a Marsh study.
Market moves: Getting ready for the fourth quarter
Lloyd’s players were the most active recruiters this week as the insurance industry looks forward to the fourth quarter. A number of underwriters in the London Market made appointments, with a view to strengthening their teams. Moves among insurers…
Marsh to assist SMEs managing trade credit
Marsh has said it has enhanced its Cover Credit service to assist small to medium enterprises to manage trade credit risk.
Waterer to head Marsh Risk Consulting in UK and Ireland
Marsh has promoted its head of UK operational risk practice, Richard Waterer (pictured), to be head of Marsh Risk Consulting in the UK and Ireland.
Waterer to head Marsh Risk Consulting
Marsh has promoted its head of UK operational risk practice, Richard Waterer (pictured), to be head of Marsh Risk Consulting in the UK and Ireland.
Marsh and AAIB to cover Iraq land rigs
Marsh has tied up with Anglo Arab Insurance Brokers to provide insurance cover for oil rig drilling contractors in Iraq.
Career file – Bill Pieroni
After senior stints at State Farm, Aon, Accenture and IBM — where, as general manager he took charge of its $7bn (£4.5bn) insurance business — Bill Pieroni has moved to Marsh as chief operating officer of the global broking giant.
News review 14 - 20 September 2011
A review of news stories which broke between 14 and 20 September 2011.