Marsh McLennan
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Guy Carpenter is lining up for a challenging January 1 renewal, but hard conditions may ultimately prove a tailwind. -
The broker continued to expand margins and posted adjusted earnings per share slightly above analyst expectations.
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The addition of talent follows the departure of 12 employees who left the Dallas-based practice earlier this year and moved to rival broker Howden.
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Inside P&C’s news team runs you through the key highlights of the week.
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The incoming CEO is different than his predecessor, but has already won hearts and minds in Marsh McLennan, and outside it.
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The incoming CEO said growth areas would include the middle market, Asia, LatAm and MGAs.
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Retiring Marsh McLennan CEO Dan Glaser said the company’s staff had demonstrated “real grit in tough times”.
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Glaser’s decade in post included the JLT takeover and a doubling of revenues.
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The executive will succeed Carlos Luna, who moved to head Swiss Re CorSo’s business in Colombia in late May.
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Based in Mexico City, the executive will report directly to Marsh’s LatAm and Caribbean CEO Ricardo Brockmann.
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Management should grasp the opportunity of building a more unified firm while thoughtfully choosing its next M&A move.
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The executive will report to Lockton LatAm energy practice head Diego Ventosa, who has overseen the unit since 2020.
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