Marsh McLennan
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The broker put global primary property rates up 8% on average in Q4, a one point slowdown. -
The broker and ratings agency AM Best said total deployed capital grew 2.7% in 2021.
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Finpro pricing is still soaring due to cyber ransomware claims and continued D&O pressure.
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Year-to-date lite and private cat bond placements total $220mn, up 30% from last September.
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The new follow-only syndicate has worked with Google Cloud to develop a digital offering.
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Establishing federal backing would allow insurers to cede risk to central government.
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The policy would have likely paid out due to the coronavirus crisis.
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Howard left JLT in 2019 following Marsh & McLennan’s takeover.
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Ellis will be replaced by Michael Rouse, who has been promoted to lead its property practice.
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Chris Demuth was previously a vice president at JLT Capital Markets.
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Keith Harrison has resigned from the merged reinsurance business at Guy Carpenter following the paying-out of retention bonuses last week.
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The division will be led by former Guy Carpenter executives.
