Company: Marsh Page 1 / 3
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- December 9 2024
Exclusive: Marsh McLennan Hong Kong and Macau CEO Rohan Bhappu departs
Bhappu was given regional chief executive-level role last year as part of a group-wide senior management overhaul.
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- December 3 2024
Asia mining rates soften as companies seek local capacity: Marsh
Underwriters are concerned with the structural integrity of assets and the availability of spare parts inventory in the industry even as losses tracked higher than might have been expected over the past 12 months.
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- November 28 2024
White Oak accuses Marsh of ‘fraudulent misrepresentation’ in Greensill case: report
The US investment firm has escalated its claims against Marsh in London lawsuit based on emails and phone call records showing the broker's executives appear to have privately expressed alarm about growing issues with the authority of BCC.
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- October 28 2024
Marsh appoints Shahrezal Wan as placement manager
Singapore-based Wan was previously vice president, senior client underwriter with Swiss Re.
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- October 25 2024
Pacific rates drop 6% in Q3 driven by declines in finpro, cyber and property lines: Marsh
Finpro premiums was down 14%, while cyber cover saw a 11% disclose and property declined 6% as increased competition and capacity weighed on ratings.
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- October 24 2024
Asia insurance rates drop 4% in Q3 led by finpro and cyber lines: Marsh
Finpro lines have seen decreases up to 30% in some cases as continued lack of activity in the capital markets limited insurers' opportunities for new business, according to the latest Global Insurance Market Index by the broker.
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- October 10 2024
Marsh Pacific promotes Johannes-Daniel Veldsman as head of corporate and commercial
Veldsman takes over the role from Andrew Fluitsma. who is understood to have left the broker earlier this year.
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- September 11 2024
Marsh Asia appoints Ben Usmar as vice president for construction practice
Usmar joined from Sedgwick in Hong Kong where he was an executive loss adjuster for over five years.
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- August 29 2024
Australian carriers’ H1 2024 capacity ample except for PFAS, US exposures: Marsh
The first half of the year saw improvement in market competition and the return of insurer choice for buyers, which had not been generally seen since 2017.
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- August 14 2024
Exclusive: Marsh McLennan Singapore CEO Collin Yap set to leave
The industry veteran is understood to be on gardening leave till end of the year.
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- August 9 2024
Marsh elevates Eliza Grant to head of transactional risk for Pacific
Sydney-based Grant joined Marsh in 2021 as a senior transactional risk advisor for private equity and M&A.
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- August 8 2024
Tax breaches main driver of APAC M&A insurance losses in 2023: Marsh
While tax accounted for 32% of all W&I claim notifications in the region last year, other categories such as compliance (15%), employment (15%), and material contracts (23%) are also becoming more frequent.
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- August 6 2024
Marsh Pacific names Samantha Scarlato as transaction advisory head
Sydney-based Scarlato has been with Marsh for over five years and was previously a senior project manager at the global broker before the promotion.
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- August 1 2024
Marsh promotes Chris McDermott to Pacific head of specialty
Sydney-based McDermott was most recently Pacific head of private equity and M&A services (PEMA) for the broker.
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- July 30 2024
Asian renewables underwriting witnessing ‘positive shift’ in expertise and capacity
With more large-scale projects now “fully placed” in the region, the market needs to address regulatory and financing hurdles for local underwriting to flourish.
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- July 29 2024
Marsh strengthens Pacific healthcare practice with Aon specialist
The broker has hired Sydney-based Samir Sofat as healthcare practice leader for the region.
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- July 26 2024
Marsh promotes Kane Sim to chief client officer for private equity and M&A, Pacific
In his previous role, Sydney-based Sim worked as the broker's head of transactional risk for the region.
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- July 24 2024
Asia insurance rates decline 3% in Q2 led by finpro and cyber lines: Marsh
Rates drop for the second-straight quarter and widened from the 2% drop recorded in the first quarter. Led by D&O, finpro lines had the highest decline at 9%, while cyber rates declined by 6%.
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- July 24 2024
Pacific insurance rates decline 5% led by finpro, cyber and property lines: Marsh
Casualty was the only line that saw a slight increase with the rates going 1% up, however, the lowest in many years, as capacity and competition increased from new and existing markets.
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- July 19 2024
Marsh’s Pacific senior leaders Andrew Fluitsma and John Mutton depart
Mutton, who was the MD and head of corporate and commercial, has been on gardening leave since March, while former Honan CEO Fluitsma, who took over the role in March, is understood have left as well, IAN understands.
