Tag: Marsh & McLennan

Banks are selling customized cryptocurrency insurance packages to businesses

H. Cutner
Cryptocurrency insurance - digital information

According to a recent Bloomberg Report, several insurers are offering these custom products. A number of large insurers are now quietly selling cryptocurrency insurance packages to businesses. Despite the association with thefts and hacks, Allianz, AIG and others are offering customized deals to cover the digital currencies for digital asset businesses. Providing cryptocurrency protection is increasingly commonplace despite the lack of publicity. Insurers are acting quite quietly regarding the cryptocurrency insurance they sell. Aon currently holds more than 50 percent of the total cryptocurrency insurance market. The London-based insurer appears…

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Marsh & McLennan herald turning of property insurance market

Nordstrom

Property insurance rates on the rise. Marsh & McLennan Companies, a global risk and insurance services firm, has begun claiming that property insurance rates all over the world are on the rise. The increase in these rates suggests a solidifying of the global market and could be an implication of an improving economy. Marsh notes that consumers are paying more for their insurance coverage due to the high frequency of natural disasters in the past two years. Another factor that is contributing to higher rates the way insurance companies are…

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American commercial property coverage rates poised for increase

Marc

According to the insurance brokerage at Marsh & McLennan Cos., American businesses are likely to face higher property insurance rates following the significant losses that insurers faced as a result of the decline of investment income and the natural disasters in 2011. Following a survey performed by Marsh Inc., it determined that over half of the clients in the United States have said that the last half of 2011 included an increase in their cost of property insurance. Among the policyholders who were at the greatest risk of losses from…

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Insurance and business executives gather in New York City to examine the insurance industry

S.Vagus

This week, leaders from the insurance, financial services, legal and media industries gathered in New York City for the annual New York City Dinner at the St. Regis Hotel. The dinner serves a form of intimate conference catering to the executives that run the numerous industries. This year, the event held particular meaning as the leaders of the two most influential and successful insurance corporations spoke about the state of the world’s insurance industry. Lloyd’s of London CEO Lord Pete Levene was joined by Brian Duperreault, CEO of Marsh &…

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Increased sales boost net income for Marsh & McLennan 2Q

H. Cutner

Marsh & McLennan Co. has reported that its income had a significant increase in the 2011 second quarter as a result of a sudden boost in the company’s insurance and consulting business, which led to greater revenues. This New York-based business services organization reported that its primary insurance business brought in a greater number of new clients and held onto more existing customers, which allowed sales for that branch of the company to increase by 11 percent. The net income for Marsh & McLennan rose by 19 percent by the…

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