Marsh McLennan
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The loss comes hard on the heels of a large BI claim stemming from the Freeport LNG refinery. -
Metromile’s Preston and Lemonade co-CEOs Wininger and Schreiber all joined industry stalwarts in this year’s top 10.
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Brokers may face pressure as the pricing cycle turns and estimates fail to keep up.
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Prior to the promotion, the executives served as senior vice presidents in Marsh Specialty’s Finpro unit.
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The firm is the first in the P&C market known to have taken action to ensure staff have financial support for travel for out-of-state medical procedures.
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According to a joint Marsh-Microsoft report, 75% of 660 companies surveyed said they have suffered a cyber attack of some form.
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The Warren Buffett-led conglomerate also remained firm in its position in rival broker Aon.
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The broker said there was “genuine pressure” for downstream rate reductions, whilst renewable rate rises were single digit.
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The broker’s political risk report has highlighted the competing interests between countries for ownership of untapped natural resources and space exploration.
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Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
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Until recently, the executive served as Marsh’s corporate strategy and sales regional leader based in Colombia.
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Inside P&C’s news team canters through the week’s key developments.
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