Taking the $100 billion opportunity before it’s too late

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In their 2021 Global Payments Report, McKinsey and Company identify[1] an $100 billion opportunity to provide small and medium enterprises (SMEs) with new payments services. By offering value-added services to SMEs, rather than outdated and low-function static payment terminals, merchant service providers (MSPs) have the opportunity to deepen and strengthen their relationships with SMEs.

Merchant Services: Taking the $100 billion opportunity

McKinsey quantify this opportunity as a shift from owning 5-7% of a merchant’s software spend to owning as much as 40% of that spend.

In our new white paper, we argue that providing next-generation, flexible and smart mobile

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Marsh unveils new heads in FINPRO specialty

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Denny joined Marsh in 1989, and has worked in the US, US and international insurance markets. Most recently, he served as CEO of FINPRO for the UK, managing management liability, financial services, professional liability, cyber, and specie risk teams. He also advised leading professional service firms and financial institutions on their professional risk programs.

Thurston (pictured below) will succeed Denny as CEO of FINPRO for the UK. She will be based in London and will report to Dominic Samengo-Turner, CEO, UK, for Marsh Specialty. Thurston has been with Marsh for 12 years and currently leads the UK management liability team.

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Climate protesters hold Grinch-themed backlash at AIG headquarters

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“As one of the world’s largest underwriters of coal, oil and gas projects, AIG is fuelling the climate crisis,” said Hannah Saggau, insurance campaigner for Public Citizen. “The insurance giant needs to rapidly change course to help avert a planetary disaster. AIG must stop covering new fossil fuel projects immediately and get out of the business of accelerating climate change.”

Thirty-five (35) major insurers have limited or ended their coal underwriting. AIG, however, remains one of the last major insurers in the world that supports coal without restriction, the campaigners stated. Tuesday’s petition, backed by activist groups Public Citizen, Stand.Earth,

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Malene Insurance Brokers takes on Howden Takaful Brokers identity

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Malene’s team of 30 broking specialists will be retained, working alongside Howden’s other broking teams and offering clients seamless access to specialty, reinsurance and retail lines.

“Our clients benefit from a diverse range of insurance solutions across a wide spectrum of sectors and the expertise, data and analytics capability and product knowledge of Howden’s global offering as we continue to develop bespoke Takaful solutions across Howden’s business areas,” said Ismam Shahrin Ismail, CEO of Howden Takaful Brokers. “In Howden, we have found a place that shares our values of client-centricity and innovation, which has allowed us to grow. We are

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