Browsing: Marsh

Global commercial insurance rates decreased by 3% in the first quarter of 2025, marking a third consecutive quarter of rate reductions, according to Marsh’s Global Insurance Market Index report.

Marsh has announced the appointment of Adam Russell as the head of global wholesale, effective immediately. This strategic move aims to enhance placement services and expand global client access.

Marsh and Markel have announced several key appointments in their leadership teams. The appointments include Adam Russell as Global Head of Wholesale at Marsh, and several promotions and a new hire within Markel’s claims division.

Several major insurance firms have announced leadership appointments aimed at strengthening their expertise in underwriting, surety, claims management, and employee benefits.

Marsh has named Amy Barnes as global head of energy & power, effective immediately, as the industry supports the net zero transition. Barnes will also continue her role in sustainability and climate strategy.

Marsh has introduced Cyber Echo Encore, extending its Cyber Echo insurance facility to provide clients with up to $45 million in additional cyber insurance coverage.

Aon plc strengthens its construction and surety divisions with high-profile hires from Marsh McLennan, including Rob McDonough and Brian Hodges, potentially impacting Marsh’s construction business.

Marsh Captive Solutions has promoted Julie Patel to lead its captive consulting operations in the Americas, succeeding Michael Serricchio.

Global commercial insurance rates experienced a second consecutive quarterly decline in Q4 2024, as competition and market conditions shifted, according to Marsh’s Global Insurance Market Index.