Marsh McLennan
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RenRe CEO Kevin O’Donnell said cyber reinsurance rates were two fifths higher in Q2 than during the same period last year.
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Risk professionals have an important role to play in addressing climate and cat risk through modeling, scenario testing and other techniques, experts said.
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The broker posted strong organic growth, setting the tone for other firms’ super-cycle earnings.
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Marsh points Judge William Thomas to Aon’s arguments in the DoJ case as reason to dismiss poaching suit.
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The CEO put Marsh's outperformance down to the economic recovery, price increases and a growing talent bench.
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CEO and president Dan Glaser called the results, which included double-digit insurance and reinsurance organic growth, “outstanding”.
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The broker said that the fast-evolving threat landscape and increased digitization makes companies increasingly vulnerable to cyberattacks.
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Judge orders Marsh to stop poaching; prevents 3 top execs from working for Marsh for months amid the hiring dispute.
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Broking giant Marsh McLennan suffered a data breach in April that lasted more than a week and involved the exposure of the personal information of current and former staff, among others, this publication understands.
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The Parrish poaching case sits awkwardly alongside Aon’s insistence to regulators that talent and clients are portable.
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Marsh claimed Aon is trying to ‘flip the narrative’ from its poor management decisions and uncertain future in its response to the suit.
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The lawsuit accuses Michael Parrish of masterminding the raid, despite still being a paid Aon employee.
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