Marsh McLennan
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The executives will join the company in the coming weeks. -
Competition for specialty reinsurance talent remains high.
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The big brokers are lining up London capacity to write follow lines on US risks.
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The Pacific region led the quarter’s price decline at -8%.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
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Guy Carp CEO Dean Klisura said LA wildfires could slow rate reductions at 1 April.
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The executive will link up again with former colleague Lucy Clarke in Q2.
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Organic growth in broking segment Marsh accelerated during the reporting period.
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But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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The firm’s trajectory could, however, make it harder to meet guidance going forward.
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Rivera will succeed current CEO Carlos Rivera, effective January 1.
