The new division will provide solutions and guidance to healthcare providers and their insurers, and provide access to BMS’s broad range of insurance, reinsurance and risk management services and products.
According to an official statement, the agreement was made during the ninth Working Meeting of Hong Kong-Shanghai Financial Cooperation in Hong Kong as part of a broader pact between the two cities on enhancing financial ties.
DIFC also reported a 20 per cent increase in registration of (re)insurance firms, including the first re-domiciliation of a Guernsey-based captive.
Titled ‘Positioning for the Future’, the event is expected to connect risk managers, captive owners, those considering setting up a captive, brokers, board members, advisers and insurers.
With an initial focus on the Benelux region, Germany, France, Denmark, Norway, Finland and Sweden, the company aims to use high resolution data, AI and automation to provide accurately priced freight insurance and insight products.
The new practice will brings together Marsh's parametric solutions, alternative risk transfer, captives and complex risk offerings.
The purchase came from Aon’s funds affiliated with NFP’s main capital sponsor Madison Dearborn Partners and with HPS Investment Partners for US$13 billion.
