Marsh McLennan

Reinsurers are looking to grow in top-layer cat risk, resulting in “variable” outcomes on sign-downs.

She joins Marsh following a 20-year career at Aon.

Amynta Ease-of-Business president Arthur Seifert said he expects MGAs to move away from the popular Dutch auction process and instead find one party that’s a good fit.

Broker and commercial carrier trends separate as inflation slows but rates stay elevated.

Kowell succeeds Michael Pellegrini, who was appointed head of specialty for both markets last month as Michelle Sartain took over as US and Canada president.

Based in Washington, DC, she will report to Pat Tomlinson, Marsh McLennan US and Canada CEO and Mercer president.

Commercial insurance pricing remained flat, increasing by 3% globally over the period, the same as the prior quarter.

Marsh cites its primary listing on the NYSE, along with the costs and administrative burdens of listing on LSE, as reasons for delisting.

Current cyber brokerage leader for the US and Canada, Meredith Schnur, will succeed Reagan as cyber practice leader, US and Canada.

Last week, this publication revealed that Howden agreed to pay Guy Carpenter in excess of £50mn ($61mn) to settle the poaching suit related to Massimo Reina and a defecting European team.

The Inside P&C news team runs you through the earnings results for the day.

Concern around prior-year loss development and social inflation is impacting the market.