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.
Harris joined the firm in 2022 as an associate focusing on mining and heavy industry.
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.
She has more than 15 years of experience working with captives, and has expertise in risk management, financial services and financial analysis.
Swiss Re Life Guide Scout is a generative AI-powered underwriting assistant for life and health insurance, developed in collaboration with Microsoft Azure OpenAI service.
The legislation, known as the EU's main piece of legislation in the insurance area, cites captives under its definition of ‘small and non-complex undertakings’.
The report also notes that rates continued to be relatively consistent, with most regions experiencing small decreases in the same period.
