During a time of unprecedented change for the global automotive industry, Marsh provides tailored insurance and risk management solutions that support companies’ competitiveness and resilience.
During a time of unprecedented change for the global automotive industry, Marsh provides tailored insurance and risk management solutions that support companies’ competitiveness and resilience.
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Traditional property and casualty coverages represent the single largest type written by Marsh-managed captives. In 2023, captive premiums for property risks increased by 29%. Casualty premiums — which principally come from auto, general liability, workers’ compensation/employer’s liability, excess liability, product recall, and medical malpractice —increased by 14% in 2023. Employee benefits are another growing area, accounting for about 20% of Marsh’s global captive portfolio. We are...
This website uses cookies · We and our partners may process your data through the use of cookies (and other tracking technologies). Some cookies are necessary to make our website work, so they can’t be turned off. Others are not strictly necessary but are useful to optimize the performance of this site, help us assess site usage, and give you the best user experience. You can consent to the use of such cookies by clicking "Accept", you can reject our use of such cookies by clicking "Reject",...
This website uses cookies · We and our partners may process your data through the use of cookies (and other tracking technologies). Some cookies are necessary to make our website work, so they can’t be turned off. Others are not strictly necessary but are useful to optimize the performance of this site, help us assess site usage, and give you the best user experience. You can consent to the use of such cookies by clicking "Accept", you can reject our use of such cookies by clicking "Reject",...
This website uses cookies · We and our partners may process your data through the use of cookies (and other tracking technologies). Some cookies are necessary to make our website work, so they can’t be turned off. Others are not strictly necessary but are useful to optimize the performance of this site, help us assess site usage, and give you the best user experience. You can consent to the use of such cookies by clicking "Accept", you can reject our use of such cookies by clicking "Reject",...
Improvements in rate and limit offerings were products of insurers’ strong underwriting and financial results, as well as stability in the reinsurance market, which led to increased available capacity. Additional limits were available in most industries and layers within shared and layered program structures. Insureds with assets concentrated in natural catastrophe (CAT) zones — such as the Gulf of Mexico, Atlantic coast, and California — that in recent years experienced greater than avera...
Marsh Canada’s BRP Dealer solution has been designed to provide BRP dealers across Canada with comprehensive insurance coverage for all risks associated with their business.
Casualty insurance rates decreased 5%, driven by general liability. Complex, heavy industrial, energy, and risks with significant US or transportation exposures typically experienced single to low double-digit increases. Large jury verdicts continued, generally in relation to US exposures for automobile liability, product liability, medical liability, and premises liability. Underwriters paid particular attention to opioid claims, mass shootings, large settlements for vehicle collisions, non-own...