Mercer, a leading financial services company and a subsidiary of Marsh McLennan, has announced the appointment of Susan Potter as the new Region President for the United States and Canada, effective January 22. This strategic promotion follows her successful tenure as Chief Commercial Officer since 2019. Potter’s promotion to this pivotal role comes at a time when Mercer is expanding its horizons, most notably with the planned acquisition of

AM Best’s Review in July 2019 released the 2019 edition of its list of the top 20 global insurance brokers, with Marsh & McLennan Companies leading the pack. The list ranks global insurance brokers by total yearly revenue. With $14.95 billion in total revenue, Marsh & McLennan (MMC) maintained the lead it held in 2017 thanks to the acquisition of Jardine Lloyd Thompson (JLT) in September 2018 for $5.6

Alistair Fraser in September 2018 was appointed chief executive officer of the U.K. corporate division of global broker Marsh. Fraser previously was CEO and president director of Marsh Indonesia and a member of Marsh Asia’s executive committee. He succeeds Joe Grogan, who has been named the chairman of Marsh Ireland. He will report to Chris Lay, CEO of Marsh UK & Ireland. Grogan, who will concentrate on Marsh’s Brexit

Marsh & McLennan (MMC) in September 2018 announced the acquisition of Jardine Lloyd Thompson (JLT) for $5.6 billion. Based in London, JLT is the eighth-largest insurance broker and employee benefits provider in the world as per 2016 revenues (1.55 billion). JLT was created in 1997 when Jardine Insurance Brokers merged with Lloyd Thompson Group. The firm operates in 40 countries with particular strength in the UK and Australia. MMC

British insurtech firm Bought By Many in July 2018 raised £15 million (approximately USD 20 million) when insurance broker Marsh announced it was investing in the peer-to-peer insurtech startup firm. Bought by Many’s concept is bringing together groups of insurance buyers via its online platform and getting better terms and/or perks from insurance carriers for these blocks of clients. To date, the website offers standardized coverage for individuals, sole

Canada Life Reinsurance, a provider of innovative reinsurance solutions worldwide, has entered into a long-term reinsurance agreement to cover the longevity risk on £1.7 billion in liabilities for approximately 7,500 pensioner members of the Marsh & McLennan Companies (MMC) UK Pension Fund. The transaction was written by the Barbados branch of Canada Life via a reinsurance agreement with captive insurance cells managed by Marsh Guernsey. Canada Life is part

Marsh & McLennan Agency LLC (MMA) has acquired J. Smith Lanier (JSL), a group of middle market insurance agencies. JSL will operate as MMA’s Southeast Region hub with D. Gaines Lanier, JSL’s chief executive, and Gary Ivey of MMA at the helm. MMA will absorb all of JSL’s over 600 employees. JSL, founded in 1868 and which has annual revenues of approximately $130 million, is a provider of insurance,