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Marsh
Terrorism is changing. How coverage is following suit
June 3, 2019 by Greg MeckbachAs the terrorism threat shifts from large-scale attacks to softer targets, coverage options from insurance carriers are evolving as well. Some policies cover incidents when an attacker uses a gun, knife or acid for example, Tarique Nageer, Marsh LLC’s terrorism…
Jardine Lloyd Thompson acquired by Marsh & McLennan
April 1, 2019 by Greg MeckbachMarsh & McLennan Companies Inc.’s acquisition of London, England-based Jardine Lloyd Thompson Group plc is now complete, New York City-based Marsh & McLennan announced Monday. The deal – which could form the world’s largest commercial property and casualty brokerage –…
Marsh & McLennan agrees to buy Jardine Lloyd Thompson
September 18, 2018 by Greg MeckbachIf a US$6.4-billion deal announced Tuesday is approved, commercial brokerages Marsh and Jardine Lloyd Thompson will be owned by the same company. New York City-based Marsh & McLennan Companies Inc. says its board of directors has agreed to an acquisition…
Why you’ll have trouble finding D&O insurance for clients using blockchain
August 23, 2018 by Jason ContantBrokers looking to place directors and officers (D&O) insurance coverage for clients involved with blockchain or digital assets will not have an easy time finding the coverage, since there is a limited underwriting appetite for it. “It’s definitely feasible, and…
How blockchain may ramp up your liability exposure
August 21, 2018 by Jason ContantThe rise of blockchain and cryptocurrency technologies have triggered an explosion in securities litigation, a lawyer specializing in the field said last week during a webinar on the insurance implications of blockchain and cryptocurrencies. Alex Drylewski is a partner of…
Which insurance lines will blockchain transform?
August 17, 2018 by Jason ContantAs the hype around blockchain continues and it looks increasingly like the technology is here to stay, insurers are taking a closer look and seeking to create coverages to respond to this evolving market. Blockchain currently has a variety of…
New risks arising from Canadian arctic shipping
July 17, 2018 by Greg MeckbachAs shrinking arctic ice opens up of new shipping routes through Canada’s Arctic Archipelago, this presents challenges for risk managers and insurers, Allianz Global Corporate and Specialty suggests in a report scheduled for release Wednesday. “Arctic ice has been thinning and…
TIC Talk
December 14, 2017 Greg Meckbach, Associate EditorWith technology disruption well-established on its radar screen, the Toronto Insurance Conference will soon have a Millennial, Rael Levy, at its helm.
Underlying revenue up 3% at Marsh
October 31, 2017 by Canadian UnderwriterMarsh & McLennan Companies Inc. recently announced a 9% increase in revenue at its commercial brokerage subsidiary while total risk and insurance services revenue increased from $1.632 billion in the third quarter of 2016 to $1.752 billion in the three months…
U.S./Canada division of Marsh sees revenues increase to US$850 million in Q2 2017 from US$804 million in Q2 2016
July 28, 2017 by Canadian UnderwriterRevenue for the United States and Canada division of Marsh increased to US$850 million in the second quarter of 2017 from US$804 million in the same quarter last year, Marsh & McLennan Companies (MMC) reported on Thursday. MMC, whose companies…
Marsh & McLennan Companies appoints John Doyle CEO of Marsh
July 7, 2017 by Canadian UnderwriterGlobal professional services firm Marsh & McLennan Companies, Inc. (MMC) has announced the appointment of John Doyle as chief executive officer of Marsh, effective immediately. Doyle will report to MMC president and CEO Dan Glaser and continue to serve on…
Reinsurance Association of America calls for increased competition in U.S. flood insurance
June 1, 2017 by Canadian UnderwriterThe Reinsurance Association of America is calling on the U.S. government to encourage private-sector insurers to compete with the National Flood Insurance Program, which is scheduled to expire Sept. 30. NFIP was created in 1968. A property cannot qualify for…