Energy companies need to learn from the major loss events of the past if they are to reduce the risk of property damage losses. According to a new report from Marsh, oil and petrochemical companies have heightened the risk profile of the sector by extending their global footprints, building more capital-intensive assets and deploying more [...]
Marsh has announced that Martin South has been appointed to the newly-created position of chief executive officer of Marsh Europe. In taking up the role, Mr South will remain responsible for the group’s operations in Turkey and India and will also continue as chief executive officer of Marsh UK & Ireland, until a successor is [...]
Marsh has announced that it has completed the acquisition of the brokerage business of Alexander Forbes (AF). Included in the transaction are AF’s insurance broking operations in Botswana and Namibia, South African insurance broking operations, Alexander Forbes Risk Services (AFRS) and related ancillary operations. In addition to this, Marsh has announced that it has agreed [...]
Marsh’s specialist international placement division, Bowring Marsh, has announced that it is to open a new office in Dubai. The new office, which is located in the Dubai International Financial Centre, will help cater to the rising demand for multinational insurance services in the Middle East. It will specialise in property, engineering, casualty, professional indemnity [...]
Marsh has announced that it has appointed Keith Fenwick to lead the firm’s office in Norwich, Marsh’s largest UK office outside of London. Fenwick is an industry veteran, and has worked in the insurance sector for more than three and a half decades. Prior to joining Marsh he worked for JLT Re for five years [...]
Insurance broker and risk adviser Marsh has announced the establishment of an EMEA Renewable Power & Cleantech Practice. The new Practice brings together expertise from the firm’s EMEA Construction, Power and Energy teams, catering to the needs of clients involved in low carbon, sustainable power generation. It will be led by Mark Popplewell, a veteran [...]
Marsh (Isle of Man) Limited has celebrated the milestone achievement of becoming the first Manx insurance broker to acquire ‘Chartered Insurance Broker’ status from the Chartered Insurance Institute (CII). The status is only conferred following a comprehensive assessment of the company in question. Sarah Hewitt, CEO of Marsh (Isle of Man) Limited, stated that the [...]
Global insurance broker and risk adviser Marsh has announced the appointment of David Batchelor as head of its International Division. Batchelor, whose appointment is made with immediate effect, will relocate to New York early next year and retain his position as CEO of the EMEA region through 2011. He began his career more than three [...]
Marsh is urging companies to develop a deeper understanding of the environment surrounding their operational sites, as part of their overall risk management strategy. They can then properly assess the potential financial and reputational impact of causing environmental damage, while at the same gaining a clearer understanding of how to protect the environment. According to [...]
Marsh has warned that many organisations are failing to accurately assess the degree of coverage they require when it comes to natural catastrophes. Because of this, the insurer says, many firms are taking out more coverage than they need or are under-insured. Caroline Woolley, Leader of Marsh’s Property Practice in Europe, the Middle East and [...]
Despite significant insurance losses in the first half of the year, insurers have remained “competitive but cautious”, according to Marsh. In its third-quarter 2011 market update, the broker notes that while rates remained relatively stable, reductions were common in many lines. However, losses earlier in the year meant that even property programmes not affected by [...]
Marsh has enhanced its CoverCredit offering, having taken note of the difficulties experienced by some of the UK’s small and medium-sized enterprises in securing trade credit insurance. Developed with specialist in the field, Coface, the new package is available to businesses with annual sales of up to £10 million and provides protection against non-payment and [...]
Marsh has announced the appointment of Richard Waterer as the firm’s new head of Marsh Risk Consulting (MRC) in the UK and Ireland. Waterer is to be based in London, and will report directly to both Rob DeJonge and George Davies, head of MRC for Europe, Middle East and Africa and head of Marsh’s UK [...]
Marsh has announced the appointment of Ken Watterson, a leading Manx business and wildlife expert, to the post of non-executive director on the board of directors on the Isle of Man. In his new role with the firm Watterson will be tasked with providing its insurance broking and risk advisory business on the island with [...]
Marsh has announced that it has reached an agreement whereby it will acquire the brokerage business of Alexander Forbes (AF), subject to regulatory approvals. The business includes Alexander Forbes Risk Services (AFRS), in addition to a number of local operations throughout sub-Saharan Africa in countries such as Botswana and Namibia. The deal is expected to [...]
Marsh has formed a global claims practice in a move aimed at better supporting clients with claims worldwide. David Pigot, head of claims for the intermediary’s international division and EMEA region, has been named global head of claims and will lead the new practice from London. Mr Pigot joined Marsh in 2004 and has more [...]
Marsh, the global risk adviser and insurance broker, has announced that it has appointed Peter Lundberg as the new CEO of Marsh Finland. Lundberg will succeed outgoing Marsh Finland CEO Toivo Makynen, who retires at the end of September. Lundberg joined the firm 10 years ago, and during his decade with Marsh has occupied a [...]
Insurance broker and risk advisor Marsh has announced the appointment of Henrik Larsen as the new chief executive officer of Marsh Denmark. Larsen succeeds Jens Brandum, who is parting ways with the company next month to pursue other avenues of opportunity. Prior to his latest appointment Larsen was Marsh Denmark’s Head of Business Development and [...]
The overall global insurance market remains well capitalised and generally competitive, despite major natural catastrophe losses in the second-quarter, according to Marsh’s Second Quarter 2011 Insurance Market Update. However, insurers are being more selective in the capital they deploy, with some withdrawn from catastrophe affected regions and loss-making sectors of business. As a result, accounts [...]
