Posted on 07 Sep 2010
This past Saturday, Robert Clements, founder of many of the commercial property & casualty insurance industry's most successful ventures and transformer of how capital is applied to insurance market shortages, passed away. Mr. Clements died at the age of 77.
Bob was the architect of insurance broker Marsh & McLennan's focus on global specialization, which enabled it to become the largest insurance broker in the world. Bob was also instrumental in the formation of numerous insurance organizations in response to industry needs including ACE, XL, Mid-Ocean Reinsurance, Arch Capital Group, Integro, and most recently, Ironshore.