Marsh McLennan
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The broker said the war in Ukraine and loss cost inflation were adding pressure to an already challenging market.
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The expectation that we would be talking about the slowing of the brokerage supercycle proved to be misplaced.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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“We like where we are positioned right now in terms of the performance of some of that strategic hiring,” Glaser told analysts.
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Inside P&C’s news team runs you through the key developments from the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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On an investor call for the broker’s Q1 results, Marsh McLennan COO John Doyle indicated overall pricing trends for Q1 ahead of the full index.
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The company disclosed a $0mn loss from its risk & insurance services unit and a $12mn charge from its consulting business.
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Guy Carpenter CEO Dean Klisura outlined challenges for reinsurance buyers, due to the war’s impact, on a Marsh McLennan investor call.
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First quarter results are being watched closely amid global macro-economic turbulence after a bumper 2021.
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Marsh-backed Victor Insurance Holdings buys privately held reinsurance MGU focused on small-to-midsize US market.
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Large energy property damage losses in 2020-21 saw a significant reduction, accounting for a total of $500mn across the two years.
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