Marsh McLennan
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The Warren Buffett-led conglomerate also remained firm in its position in rival broker Aon. -
The broker said there was “genuine pressure” for downstream rate reductions, whilst renewable rate rises were single digit.
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The broker’s political risk report has highlighted the competing interests between countries for ownership of untapped natural resources and space exploration.
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Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
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Until recently, the executive served as Marsh’s corporate strategy and sales regional leader based in Colombia.
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Inside P&C’s news team canters through the week’s key developments.
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The broker said the war in Ukraine and loss cost inflation were adding pressure to an already challenging market.
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The expectation that we would be talking about the slowing of the brokerage supercycle proved to be misplaced.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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“We like where we are positioned right now in terms of the performance of some of that strategic hiring,” Glaser told analysts.
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Inside P&C’s news team runs you through the key developments from the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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