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Insurance
Marsh & McLennan (MMC) is to acquire a 34 percent share in South African insurance and investment consultant Alexander Forbes. The broker said the deal will broaden its exposure to the growth prospects present in South Africa and sub-Saharan Africa. 25 June 2014
Insurance
Marsh has launched a cyber risk financing optimisation tool in Europe in a move it says will help firms manage their cyber risks more effectively, by enabling them to evaluate their insurance needs and exposures. 25 June 2014
Insurance
Marsh has appointed Ann Longmore, previously of Willis, as multinational practice leader of the firm’s FINPRO practice in New York. 24 June 2014
Insurance
ACE has appointed Adam Groves, formerly of Marsh, to the role of energy underwriter for ACE in the Middle East North Africa (MENA) region, as it continues to strengthen it energy insurance capabilities in the region. 24 June 2014
Insurance
Bermuda-based Validus has agreed a deal to buy US specialty lines insurer Western World Insurance Group for $690 million. 24 June 2014
Insurance
Marsh has launched cyber gap insurance in a move it says will combat the failure of existing cyber insurance policies to provide adequate protection. 24 June 2014
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
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
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
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