Marsh
Energy insurance costs expected to fall by up to 20%
Despite an increase in the size and scale of new energy infrastructure projects, national oil companies and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous years, according to Marsh.
Rims “dismayed” at contingent commissions decision
The Risk and Management Society has expressed its dismay at the New York Insurance Department and Attorney General’s decision to allow brokers Aon, Willis and Marsh to accept contingent commissions.
Marsh to provide EMEA Construction Consulting Practice
Marsh has launched a specialist construction consulting practice to provide dispute resolution, risk advisory, and audit services to the construction and engineering industries across Europe, the Middle East and Africa.
Willis, Aon and Marsh reach agreement with NY insurance superintendent
The new agreement specifically recognizes that brokers met its obligations under the 2005 AOD over the last half decade, and ends many of the requirements imposed by the agreement.
Belgium train crash firm broked locally
The company which owned the two trains involved in a head-on collision on Monday at Halle, south-west of Brussels, is understood to have placed its insurance with a local broker.
Marsh sees trade credit rates increase up to 50% across Europe
Increases in financial institutions' insurance ranged from more than 40% to 50% in Turkey, to 10% in Switzerland and South Africa. In the UK and Ireland, increases ranged from 10% to 30%.
Marsh and Guy Carpenter earnings up
Rising revenues at (re)insurance brokers Marsh and Guy Carpenter reported increased fourth quarter revenues - although owner company MMC reported more mixed results.
Torus adds two brokers to start San Francisco business
Insurer Torus said that it is opening an office in San Francisco.
D&O expert joins Marsh from Chartis
Marsh has appointed Eleni Petros as a senior vice president in its financial and professional practice.
Heath Lambert in race to be HSBC replacement
Heath Lambert has emerged as a frontrunner to replace HSBC Insurance Brokers as the UK representative of Assurex Global, Post has learnt.
Miller in FTSE 250 drive
Independent broker Miller has hired the former chief executive of Aon Global UK, Ken MacDonald, to spearhead its expansion in the corporate risk sector.
Marsh raids Zurich for new energy claims boss
Insurance broker Marsh has appointed Martin Clark as the UK leader of its energy claims team from Zurich Financial Services.
MMC makes another US purchase
Marsh's US mid-market subsidiary Marsh & McLennan Agency said it has bought US broker Haake Companies for an undisclosed sum.
OFT considers Marsh and HSBC deal
The Office of Fair Trading has issued an invitation to interested third parties to comment on Marsh's planned takeover of HSBC Insurance Brokers.
London market throws off "macho" resistance tag
The London market is on track to manage the "vast majority" of its claims electronically by 2011 despite persistent resistance to change within the sector, London Market Group chairman Barnabas Hurst-Bannister has claimed.
Marsh appoints Americas energy boss
Marsh has appointed Andrew Herring as leader for the Americas of its wholesale energy practice
Willis the lead broker for $7m ransom supertanker
Willis is the lead broker for the Greek tanker released by Somali pirates after record $7m ransom paid. Small shares of the business also broked by Marsh and Aon.
Breden departs HSBC
David Breden, managing director of HSBC Operational Risk Consultancy, resigned earlier this month to join a financial conglomerate in Jersey
Crime scene investigation
Amy Ellis reports on how police forensic investigations can delay the reinstatement process for buildings and examines the implications this has for major loss claims.
Macey-Dare returns to Marsh
Julian Macey-Dare leaves Willis to lead international political risk and structured credit business at Marsh.
UIB lands Moroccan airline deal
Broker to replace JLT
Keep schtum
Rachel Gordon looks into contingent commissions, questions why so many brokers and insurers refuse to explain their strategies, and queries whether the Financial Services Authority's stance is strong enough.
Marsh: corporate governance undeveloped in UAE
Broker survey found only 8% of conference delegates thought it as 'developed'.