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Marsh
How insurers are deliberately addressing silent cyber
March 30, 2023 by Jason ContantCyber insurers are now deliberately addressing silent cyber coverage in insurance policies, a Marsh executive said Wednesday at NetDiligence’s Cyber Risk Summit in Toronto. “With property [insurance policies]…I’m not seeing silent cyber anymore. I’m seeing very purposeful underwriting,” Karen Continenza,…
Why Marsh is optimistic about the cyber market
July 27, 2022 by Alyssa DiSabatinoGlobal brokerage Marsh is cautiously optimistic cyber’s hard market will eventually stabilize and insurers will soon be able to reward clients who have strong cyber controls with lower increases. “Market conditions are expected to remain challenging for the foreseeable future…
How many people Marsh hired amidst ‘distraction and uncertainty’ of Aon-Willis merger discussions
July 26, 2021 by Greg MeckbachAmid the uncertainty over Aon PLC’s now-scuttled plan to acquire Willis Towers Watson PLC, Marsh & McLennan Companies Inc. increased its staff level by nearly 2,000 during the first half of 2021, Marsh & McLennan CEO Dan Glaser says. “We…
How the world’s brokers rank by revenue
July 5, 2021 by Greg MeckbachMarsh was still the world’s biggest brokerage in 2020, even after more than 700 merger deals got done last year, A.M. Best Company Inc. reports in Top Global Insurance Brokers – 2021 Edition, released July 1. Quoting from Optis, A.M.…
How the largest commercial brokerage views its COVID E&O exposure
August 18, 2020 by Greg MeckbachAlthough some commercial clients may start “suing everybody” because their business interruption insurance did not cover income lost during the pandemic, brokers could not have obtained broad-scale pandemic coverage for all clients even if they wanted to because the exposure…
How D&O claims could arise from COVID-19
March 17, 2020 by Greg MeckbachIf your clients are accused of failing to warn shareholders of the impact of COVID-19, their directors and officers could have liability exposure, experts from Marsh suggest. Generally speaking, directors and officers tend to have the same liability exposure as…
How liability insurance responds (or not) to COVID-19
March 16, 2020 by Greg MeckbachIf your clients are sued as a result of the COVID-19 pandemic, don’t assume they will be covered by a commercial general liability policy. General liability policies have exclusions; and for COVID-19, the most relevant exclusion is probably pollution, suggested…
One business interruption risk from COVID-19 that your clients may overlook
March 11, 2020 by Greg MeckbachWill your business get interrupted because people working from home due to COVID-19 cannot log into their computer systems? “If you are asking staff to work from home, make sure that the technology systems to enable them to do that can…
How Marsh sees the broker role evolving around cyber insurance
December 11, 2019 by Jason ContantBrokers are finding they have to educate themselves more on the legal and technical side of cyber rather than on the cyber insurance policy itself, a speaker said recently at Insurance Bureau of Canada’s Commercial Insurance Symposium. “What we’ve noticed…
Three senior Marsh Canada executives move to Willis Towers Watson
July 17, 2019 by Greg MeckbachAlexandra (Lexie) Kindbom, until recently managing director of Marsh Canada, is now in charge of financial, executive and professional risks in Canada for Willis Towers Watson, a major competitor to Marsh. Two other former Marsh Canada executives – Susan Finbow…
Is your client covered from business interruption arising from terrorism?
June 6, 2019 by Greg MeckbachWhat if a terrorist attack interrupts your client’s business, but causes no actual injuries or damage to that client? Some insurers today are covering non-damage costs and loss of attraction. This could come into play if there is a terrorist…
How the EU’s data privacy law will apply to your Canadian clients
June 5, 2019 by Greg MeckbachThe European Union’s new data privacy law can affect your clients even if they don’t have offices in Europe, a cyber security expert with one of the world’s biggest brokerages warns. The General Data Protection Regulation (GDPR), which took effect…