To help clients address changing market conditions, and to address the myriad of issues in the workers’ compensation arena, Marsh’s Casualty Practice has officially formed the Work...  Read More...

A massive heat wave moving across the North America has put significant pressure on power utilities to meet the demands of residential and business customers.  Read More...

Our panel of experts examined the top issues driving property, casualty, financial and professional, and other coverage lines.   Read More...

Piracy: The Insurance Implications reviews a wide range of insurance-related issues surrounding piracy.  Read More...

In the wake of devastating, geographically diverse natural catastrophes, insurers and reinsurers worldwide have undertaken a comprehensive review of their loss exposures, risk aggregations and adequacy of rates.

The scope and severity of seasonal Australian floods; winter storms and flooding in the U.S.; the February 22 earthquake near Christchurch, New Zealand; and the devastating March 11 earthquake, tsunami and nuclear disaster in Japan have also impelled organizations to re-examine and reassess supply chain vulnerability to such events and the efficacy of their risk management programs. In addition, the recent tornadoes that affected Midwestern and Southern U.S. states are likely to result in yet-to-be-determined but "significant" insured losses.

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Our panel of risk experts discussed supply chain issues in light of the recent events in Japan and elsewhere. Panel members also provided an update on property insurance markets and discussed insurance solutions — including catastrophe modeling-related to supply chain issues.  Read More...

You may not realize this, but a clothes dryer can be a major fire hazard within your restaurant establishment. No matter how new the dryer, it’s a fire risk.  Read More...

Our way of thinking about consumption of alcohol is changing. Not only are tougher laws being enacted lowering the legal threshold for intoxication, but also the courts are now hol...  Read More...

The world's vulnerability to economic shocks and social upheaval has the potential to undermine the progress that globalisation has brought, according to "Global Risks 2012," the flagship report from the World Economic Forum's Risk Response Network, published in cooperation with Marsh & McLennan Companies, the parent company of Marsh, and other partners.

Based on a survey of 469 experts and industry leaders, the report finds that chronic fiscal imbalances and severe income disparity are the risks that are rated most likely to occur over the next 10 years, while a systemic financial crisis and food and water shortages are seen to have the highest potential impact over the same period. Compared with a year ago, the results show a shift of concern from environmental risks to socio-economic ones.

The report examines three major risk cases of concern:

The Seeds of Dystopia — Bulging populations of young people with few prospects, growing numbers of retirees depending on debt-saddled states, and the expanding gap between rich and poor are all fuelling resentment.

Unsafe Safeguards — As the world grows ever more complex and interdependent, traditional policies, norms, and institutions that serve as a protective system are failing to keep up.

The Dark Side of Connectivity — Our daily lives are almost entirely dependent on connected online systems, making us susceptible to malicious individuals, institutions, and nations that increasingly have the ability to unleash devastating cyber attacks remotely and anonymously.

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Marsh’s Guide to Markets in Transition provides clients with observations and recommendations that help enable the formation and execution of program design and placement strategies in a hardening or hard insurance market environment.

The guide proceeds from an internal study recently developed with and for Marsh brokers, client executives, client representatives, and other colleagues—featuring strategies and tactics to help define, design, and deliver differentiated insurance and risk management program products and services for our clients in challenging marketplace conditions.

As ever, our objective is to provide clients with real-time analyses, observations, and recommendations that enable them to stay ahead of the curve in forming and executing timely and effective risk management program strategies. Balancing and optimizing breadth of coverage, capital efficiency, cost of risk, cash flow, and other important metrics of protection and finance require both a forward view and a satellite view. Providing our clients with the information and tools to ascertain those perspectives and act on them is a key Marsh deliverable—an integral part of our ongoing commitment to helping our clients thrive.

The guide is structured as follows:

1. Definition of a Hard Market
2. Manifestations of a Hard Market
3. Hard Market Strategies and Tactics

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