Marsh McLennan
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Not everyone will emerge unscathed as brokers navigate the slow-growth environment. -
The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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An industry veteran of 34 years, the executive is known for placing US healthcare business in London.
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The suit asserts the raid will cause “incalculable harm” to the broker.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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Casualty rates increased 4% globally but shot up 9% in the US.
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It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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The executive briefly exited the firm last month for a role at Marsh.
