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Insurance
Trade credit insurance claims are expected to rise in Europe, the Middle East and Africa (EMEA) as an increasing amount of firms experience cashflow restrictions. 23 June 2014
Insurance
Marsh has strengthened its presence in Panama after it acquired a majority stake in broker Semusa, a company that has acted as the local representative of Marsh for 15 years. 19 June 2014
Insurance
John Charman, Endurance's chairman and chief executive, claims that Aspen’s shareholders are increasingly frustrated with their board’s refusal to consider Endurance’s offer for the company and he can still win the battle to acquire the company after months of what has become an increasingly acrimonious war of words between the two businesses. 18 June 2014
Insurance
As an increasing number of boards wake up to the realities of cyber risk there will be a flood of buyers keen to take up cyber insurance. That is the view of Stephen Wares, head of Marsh’s cyber practice. 18 June 2014
Insurance
Broker Marsh has appointed Chris Lay as president of its global captive solutions business. He succeeds Michael Cormier, who will continue in his role as chief executive officer of Marsh Risk Consulting. 18 June 2014
Insurance
Marsh has appointed Robert Makhoul to the position of executive chairman, Marsh Middle East and North Africa (MENA). Steve Lundin, currently general manager of Marsh China, succeeds him as chief executive officer, Marsh MENA. 17 June 2014
Alternative Risk Transfer
Jardine Lloyd Thompson Capital Markets (JLTCM) has closed its second Market Re private placement cat bond (Market Re 2014 -2) at $31.825 million. 17 June 2014
Insurance
Property and casualty insurer Liberty Mutual will acquire Northern Ireland insurer Hughes Insurance. 16 June 2014
Insurance
Marsh has appointed John Hirst, chief executive of the Met Office, as a non-executive independent member of its board of directors. 16 June 2014
Insurance
Specialty insurer Torus has appointed Jaap Gispen, formerly of Marsh Netherlands, as branch manager, Rotterdam, to lead the company’s Netherlands-based operations. 11 June 2014
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