A bid for a bigger share of the protection-and-indemnity (P&I) reinsurance market is being made by the Marsh & McLennan (M&M) group.
The target is to win not only reinsurance business but advisory and investment management work in an increasingly competitive and soft market.
A new operation, P&I Client Service (PICS), brings together the reinsurance expertise of Guy Carpenter with that of insurance broker Marsh, the Oliver Wyman management consultancy and the Mercer human-resources unit.
