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Global commercial insurance prices increased 4% in the first quarter of 2023, the same rate as the fourth quarter of 2022, according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan.
The report, published by Marsh Specialty, identifies four areas where increasing risk threatens global trading, security, and investment environments into 2023: persistent political instability; economic retrenchment; competition for strategic resources; and supply chain diversification.
Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment of Nilay Ozden as Leader of Marsh Specialty, Europe. Ms. Ozden is based in London and reports to Lucy Clarke, President, Marsh Specialty and Global Placement, and to Christos Adamantiadis, CEO, Europe, Marsh.
Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment of Christos Adamantiadis as CEO, Continental Europe, effective 1 January 2023. Mr. Adamantiadis will be based in Zurich and report to Flavio Piccolomini, President of Marsh’s International Division.
The paper highlights that rising sea levels are linked to coastal inundation risk and could challenge the integrity of infrastructure and port operations along the Suez Canal due to potential disruption to the loading, unloading, and movement of cargo.