Marsh McLennan
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The investment bank will sell P&C insurance policies alongside existing life and protection products.
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A spell of damaging losses has led to sustained positive rate movement in the sector.
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Senior executives at carriers and brokers have sought to reassure clients and staff amid social unrest across the US.
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The broker said that delaying the set-up of public-private partnerships would hinder economic recovery. -
The MMC CEO also called on the industry to move towards broader wordings to provide certainty to clients.
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Process servers showed up at some employees’ homes on Thursday evening to deliver documents, according to sources.
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The broker predicts a “period of turmoil” among energy companies and their insurers.
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Stocks of major brokers surged, outpacing the broader market.
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David Rahr will take on the role as Justin Walsleben retires after more than 27 years at the firm.
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Assurance will become the Midwest regional headquarters for MMA, under Assurance CEO Tony Chimino.
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Brian Hanuschak was previously president of the MGU’s North America business.
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Jane Holl Lute will join the MMC board on 1 March in a non-executive capacity.
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