Marsh McLennan
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The new follow-only syndicate has worked with Google Cloud to develop a digital offering.
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Establishing federal backing would allow insurers to cede risk to central government.
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The policy would have likely paid out due to the coronavirus crisis.
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Howard left JLT in 2019 following Marsh & McLennan’s takeover.
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Ellis will be replaced by Michael Rouse, who has been promoted to lead its property practice.
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Chris Demuth was previously a vice president at JLT Capital Markets.
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Keith Harrison has resigned from the merged reinsurance business at Guy Carpenter following the paying-out of retention bonuses last week.
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The division will be led by former Guy Carpenter executives.
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The JLT index is below levels recorded in 2016 and around 30 percent below 2013 benchmarks. -
The broker’s global catastrophe rate-on-line index showed property reinsurance rates fell by 1.2 percent at 1 January.
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Conservative initial loss picks may have helped limit adverse development from the 2017 hurricanes, according to JLT Re.
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JLT CEO Dominic Burke said acquirer MMC valued the entrepreneurial culture at the firm.
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