Company: Marsh Page 3 / 5
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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.
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- July 8 2024
Marsh promotes Katie Stephenson to head of corporate & commercial for Queensland
Brisbane-based Stephenson has held various positions at Marsh and was its corporate commercial leader for Northern Territory before the promotion.
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- June 19 2024
Marsh launches new climate adaptation and resiliency centre in Singapore
With a team of over 100 executives based in Asia, the centre aims to help private companies adapt to extreme climate events and play a more active role in funding for climate adaptation initiatives.
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- June 7 2024
Marsh takes Gallagher’s Christine Francis as mining practice lead for Asia
For her new role, Francis, who was most recently client manager - national mining team at Gallagher, will relocate from Perth to Singapore.
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- June 5 2024
Marsh taps Axa XL for Asia political risk team build out
Singapore-based Lim Mei Yean was most recently business development manager for Asia at Axa XL.
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- May 6 2024
Asian insurance pricing moderates across lines but Japan, Taiwan, Philippines buck the trend: Marsh
Japan was the only Asian country that saw price increases in all lines of business, other cat-exposed markets like Taiwan, Philippines and Indonesia saw strong hikes in property classes but saw varying trends in other lines.
