The Milken Institute has released a report identifying financing pathways for climate resilience investment as global disaster losses exceed $200 billion annually over the past decade. Produced with Marsh, the report proposes five models to mobilise private capital for community resilience, including stakeholder-driven community plans, revolving loan funds, and resilience bonds. The research highlights a widening protection gap, with uninsured losses now representing over half of total disaster losses worldwide. Last year's LA Fires caused between $76 billion and $131 billion in economic losses, leaving seven in 10 survivors displaced over a year later. The report emphasises collaboration between public and private sectors, noting that early insurer engagement is essential. One model is already being considered for Altadena's rebuild following the fires.

US employers plan to maintain moderate salary increases in 2027, according to Marsh's Mercer QuickPulse survey of 1,001 organisations. Base salary merit increases are projected at 3.2%, with total salary increases at 3.5%, marking four consecutive years of similar rates. Economic uncertainty continues influencing compensation decisions, with 57% of employers expecting at least moderate impact. High Tech (3.8%), Banking (3.7%), and Energy (3.6%) lead in merit budgets, whilst Consumer Goods (2.9%) and Healthcare (3.0%) lag behind. Employers expect to promote 8.4% of their workforce in 2027, down from 8.6% in 2026. Off-cycle salary adjustments remain common, with 64% of organisations providing them. AI adoption in compensation planning is growing, with 70% of organisations reporting some automation, primarily for market pricing recommendations and benchmarking.

Marsh reported Q1 revenue of $7.6 billion, up 7.6% year-over-year, beating the consensus estimate of $7.38 billion by 2.88%. Earnings per share came in at $3.29, compared to $3.06 in the prior-year quarter, surpassing the consensus estimate of $3.21 by 2.46%. Key metrics showed mixed performance against analyst expectations. Consolidated organic revenue growth of 5% exceeded the 3.5% estimate, whilst consulting organic growth of 5% topped the 4.4% forecast. However, Guy Carpenter's organic growth of 2% fell short of the 4.2% estimate. Geographically, Marsh's EMEA division generated $1.21 billion in revenue, up 14.1% year-over-year and beating estimates. Mercer consulting revenue reached $1.66 billion, an 11% increase that surpassed the $1.58 billion consensus.