Marsh McLennan

Willis president Carl Hess said that hiring rates have dramatically increased in his firm's corporate risk and broking business.

Inside P&C’S news team runs you quickly through the key developments from the last week.

Following the deal, InSource’s 45 employees operating from offices in Midland and Odessa, Texas, will join MMA.

Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.

The broker also confirmed that Dean Klisura will replace Peter Hearn as CEO of Guy Carpenter and announced Dominic Burke’s retirement.

The executive has headed Marsh McLennan’s reinsurance broker since joining from Willis Re in 2015.

Berkshire Hathaway reduced its shareholding in Marsh McLennan by 35% during the third quarter, as the Warren Buffet-led business continued to sell down across its portfolio, an analyst note from Morgan Stanley shows.

All of Pelnik’s 19 employees based in North Carolina will join Marsh.

Rates in the P&C market continued to rise in the third quarter, with outsized increases for cyber insurance driving up the average change, according to data revealed in company third-quarter conference calls.

Following the acquisition, all of Southwest Truck Insurance’s team will join MMA.

As part of the ongoing legal battle over the alleged orchestrated resignation of 44 employees, Judge Thomas has given both Aon and Marsh a month to hand over crucial documents during the discovery phase of the case.

Global commercial pricing gains 15% in Q3, pushed higher by ransomware-driven cyber increases.