The insurance brokerage market is expected to grow at a CAGR of 4% during the forecast period. Increased demand for insurance policies, drivers.2, and drivers.3 are some of the significant factors fueling insurance brokerage market growth.
Increased demand for insurance policies
Marsh & McLennan Companies Inc. – Key news
M&A, divestitures, JVs, and partnership In April 2019, the company announced the completion of the acquisition of Jardine Lloyd Thompson Group plc for $5.6 billion. Key hiring, CEO, and BU heads In November 2019, the company announced the appointment of Michael Sevi as General Counsel and Chief Compliance Officer of Guy Carpenter effective immediately.
In July 2019, the company announced the appointment of Tamara Ingram as a member of its Board of Directors, effective immediately.
In January 2019, the company announced the appointment of Martine Ferland as President and CEO of its subsidiary Mercer.
