U.S.-based multinational companies will likely benefit from an ongoing soft insurance market, as competition for a range of coverages for these companies is expected to continue through 2011, Marsh said in a recent report.
RIMS President Scott Clark discusses his plans for the organization, the challenges risk professionals face, and how the perceived value of risk managers is changing in 2011.
rporate risk managers are generally dissatisfied with the level of service they get from both brokers and insurers, and very few of these insurance providers distinguish themselves in the marketplace.
Is anyone listening? At one time or another, it's a question that crosses the mind of every businessperson, from C-suite executive to small business owner.
Marsh & McLennan Agency remains on track to be a "significant player" in the middle commercial market and is primed for additional growth, its chief executive says.
The BP oil spill disaster exposed serious shortcomings in both technology and regulation, but the biggest culprit is a catastrophic failure of enterprise risk management.
Looking to lead by example, Risk and Insurance Management Society President Terry Fleming urged his members to "walk the talk" and emulate his practice of prohibiting brokers from accepting any contingent commissions on his account.
Brian Duperreault, Marsh and McLennan Inc.'s chief executive, said the company is no longer in survival mode and that he expects it to continue to grow through acquisition now.