Marsh McLennan
-
The Pacific region led the quarter’s price decline at -8%. -
Company-specific strategies will play a vital role in sustaining growth in the current market.
-
Guy Carp CEO Dean Klisura said LA wildfires could slow rate reductions at 1 April.
-
The executive will link up again with former colleague Lucy Clarke in Q2.
-
Organic growth in broking segment Marsh accelerated during the reporting period.
-
But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
-
Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
-
The firm’s trajectory could, however, make it harder to meet guidance going forward.
-
Rivera will succeed current CEO Carlos Rivera, effective January 1.
-
The deal’s closing comes just a month and a half after the companies announced the transaction.
-
The promotion is effective as of January 1.
-
Prior to the event, clients were expecting a “very competitive market environment”.
