Marsh
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
An in-depth review of the general insurance market in Italy
Despite the introduction of the ‘Bersani law’ looking to liberalise the Italian general insurance sector and increase competitiveness, brokers still have a long way to go to impact on the agent dominated market. But with untapped potential in the market…
General insurers protect finance raising in Spain
Raising finance during challenging times can be tough and many firms in Spain are increasingly looking to the Alternative Stock Market or MAB. As the possibility of claims has risen dramatically these firms face increased risks but Fernando Claro…
Post Europe Live: General insurers protect finance raising in Spain
This week broker Marsh’s Fernando Claro discusses the risks faced by Spanish firms wanting to do an initial public offering.
General insurers protect finance raising in Spain
Raising finance during challenging times can be tough and many firms in Spain are increasingly looking to the Alternative Stock Market or MAB. As the possibility of claims has risen dramatically these firms face increased risks but Fernando Claro…
Marsh Germany hires D&O expert
The German operation of insurance broker Marsh has hired directors' and officers' specialist Stefan Steinkühler.
Contingent commissions a “conflict of interest” for brokers – Greenberg
Contingent commissions, the once- banned payments that insurers pay to entice brokers, create a conflict of interest and ought not to become prevalent again, Ace CEO Evan Greenberg has said.
Deepwater impact on rates "modest"
Major losses in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as Hurricane Katrina, according to Marsh.
Consolidation - global brokers: Too big for their boots?
The creation of the global broker in the 1980s resulted in a dominant few. David Trezies asks whether this consolidation has produced any tangible benefits for clients.
Lang to lead directors
Lord Lang of Monkton will succeed Stephen Hardis as independent chairman of the board of directors of Marsh.
Marsh: "grotesque" solicitors impacting whole PI market
Marsh has called for solicitors firms that fail to buy professional indemnity cover to be shut down — and labelled their continued trading as "grotesque".
Brokers at war over contingent commissions
Aon has become embroiled in a war of words with rival Willis after it signalled its intent to once again accept contingent commissions in the US.
Marsh appoints new claims leader
Marsh has appointed Martin Clark as its global energy practice claims leader. Based in London, Mr Clark will have overall responsibility for managing the claims of Marsh’s energy clients worldwide.
Marsh lines up Lord Lang as next independent chairman
Marsh & McLennan Companies' board has announced that Ian Lang, Lord Lang of Monkton, will succeed Stephen Hardis as independent chairman of the MMC board of directors.
Aon open to the idea of accepting contingent commissions again
Aon today announced it is working with markets to explore the various forms of alternative remuneration available to it which may include supplemental and/or contingent commissions.
Aon broker threw laptop into pond to cover tracks
A senior Aon broker who admits dumping a laptop in a pond to cover up his involvement in a major tender that allegedly breached the terms of his gardening leave has been told he could face imprisonment.
Bowring Marsh opens Hong Kong office
The specialist international placement broker at Marsh has expanded its footprint in Asia with the opening of its ninth Hong Kong office.
Aon broker who threw laptop into pond to cover tracks could face jail
A senior Aon broker who admits dumping a laptop in a pond to cover up his involvement in a major tender which potentially breached the terms of his gardening leave has been told he could face imprisonment.
British Insurance Awards 2010: Corporate conscience
Marsh has revamped its CSR activities by instigating a centrally managed and integrated approach to charitable activities and environmental initiatives, explains Amy Ellis.
Singapore insurance market poses threat to London warns Marsh
The London market needs to think about how it is responding to the expanding Singapore market if it is going to be competitive with rates.
RSA appoints renewable energy underwriter
Insurer RSA has appointed Soledad Vitale as a renewable energy underwriter.
XL looks to grow cyber liability account with JLT hire
XL Insurance has recruited Dawn Simmons as senior underwriter, professional lines for cyber and technology risks, based in Paris.
British Insurance Awards 2010: Making risk manageable
The recession has highlighted the need for firms to use their budgets more effectively. FM Global's Riskmark impressed judges with the way in which it improved risk assessment, writes Daniel Dunkley.
Marsh restructures Scottish operation
Marsh has made senior appointments to its Scottish national corporate business, which provides risk and insurance advice for mid to large size corporates.