Marsh McLennan
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Mark Drummond-Brady first joined Marsh in 2019 when it completed a $6.5bn takeover of Jardine Lloyd Thompson. -
Higher returns are available, but at the cost of increased revenue risk, slower results and potential cultural challenges.
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Respondents to the WEF’s Global Risk Perception survey also cited cyber security as a medium-term threat, signaling a potential ‘blind spot’ in risk perceptions.
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The broker and ratings agency AM Best said total deployed capital grew 2.7% in 2021.
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The broker’s property cat RoL index jumped by almost 11% as capacity was more constrained for retrocessional and frequency-exposed property treaties.
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Sources said that Gomez will step down at the end of this week to take over a senior position at another brokerage with operations in Latin America in early 2022.
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Prior to the appointment, the Argentine executive served nearly four years as head of broking at Bowring Marsh.
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Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.
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The Week in Brief: FM Global’s vaccine mandate, Hippo on going public, Hagerty SPAC deal redemptionsInside P&C’s news team runs you quickly through the key developments from the last week.
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In his new role, Francis Bouchard will work closely with executives and climate leaders across the company’s four businesses.
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The broker has announced several senior leadership changes since John Doyle was promoted to group president and COO.
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The executive will report to Marsh Specialty president Lucy Clarke and is part of a broader reshuffle atop Marsh McLennan’s management ranks.
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