Marsh McLennan
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Pat Donnelly has succeeded Lucy Clarke at Marsh, and Adam Garrard at WTW has moved into a chairman role.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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Global property cat rates were up 30% during the quarter.
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Global property cat reinsurance posted the most notable risk-adjusted rate increases, spiking about 30% on average, with loss-impacted clients seeing higher pricing.
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The results represent a return to double-digit expansion following three quarters of single-digit growth.
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It is understood that London-based SVP Andrew Drysdale, who has worked at Marsh for over six years after almost five years at Aon, will relocate to Chile.
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Assuming the new role immediately, she will oversee growth, innovation and talent development for Icat and its Boulder Claims subsidiary.
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Reinsurers are less worried about their property books compared to last year, and eyeing development of casualty loss costs due to social and macroeconomic inflation.
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The insurance industry is looking to play a part in supporting the rebuild of the war-torn country.
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The executive worked for over four years at CMF first as specialty coordinator and then as Latin America leader of portfolio solutions.
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