LIFE SCIENCES


Marsh's Global Life Sciences Practice's expertise ranges across all segments of the industry. We provide world-class risk services and cutting-edge solutions for organizations in pharmaceutical, drug wholesale, nutraceutical, biotechnology, medical device and supply, and contract research.

Life Sciences

The 20th century marked a period of astonishing breakthroughs in life sciences, including medical and scientific advances that benefit all of humanity. The 21st century may prove to be just as extraordinary, with new innovations and discoveries emerging from labs and research centers every day.

Though the industry is one of the world's most profitable, it is not immune to the array of risks that can threaten its ability to compete. Patent expirations, product counterfeiting, industry consolidation, pricing pressure from managed care providers and governments, and consumer flight to Canada or the Internet for drug purchases are exposures that can have a crippling impact on an organization

Marsh's Life Sciences Practice provides risk avoidance and containment solutions for organizations in the biotechnology, medical device, pharmaceutical, and contract research fields. Our dedicated life sciences team works with clients to develop and implement risk management plans tailored to an organization's goals through services that include:

  • Traditional risk-transfer programs;
  • Directors and officers liability;
  • Product Liability;
  • Intellectual property; and
  • Clinical trials liability

In addition, Marsh offers a consultative approach to risk management to help life sciences organizations better manage their risk exposures. Through our Business Risk Assessment process, we analyze an organization's full spectrum of hazard, operational, strategic, and financial risks, then develop solutions to avoid, mitigate, or transfer those risks.

Marsh's consultative services also include:

  • Supply chain risk analysis;
  • Business continuity management;
  • Crisis management, including product recall;
  • Merger and acquisition risk management due diligence;
  • Intellectual asset management, including risk analysis;
  • Mass tort consulting; and
  • Brand protection.

The Life Sciences Practice of Marsh is made up of the leading minds in the business-dedicated professionals with the experience to understand both the world of insurance, and the complex world of life sciences.

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REACH And Use By Manufacturers of Chemical Substances That Could Be Classified As Carcinogens
April 24, 2012  |  Views: 24056 |  Comments: 0 
REACH And Use By Manufacturers of Chemical Substances That Could Be Classified As Carcinogens
Marsh has updated it's September 2010 document "The Effect of the Restriction of a Chemical Substance Under REACH on Product Liability Policies."  >>
Webcast: Post-Mensing Product Liability Update (Replay)
December 19, 2011  |  Views: 26360 |  Comments: 0 
Webcast: Post-Mensing Product Liability Update (Replay)
Panelists discussed current litigation trends and their impact on the product liability insurance marketplace.   >>
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RCO Corporate Response
Views: 38653 |  Comments: 0  | Article Rating
RCO Corporate Response
RCO Corporate Response provides insurance coverage for pharmaceutical, life sciences, and health care corporate officers who may be held liable under the Responsible Corporate Offi...  >>
Business Continuity Management
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Business Continuity Management
A sound business recovery plan is crucial to help prevent a minor disruption from turning into a catastrophe.   >>
CS STARS
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CS STARS
CS STARS LLC supports comprehensive risk management, enterprise risk management and compliance and safety management.   >>
Intellectual Property
Views: 24595 |  Comments: 0  | Article Rating
Intellectual Property
As a result of the worldwide shift from a manufacturing bricks and mortar economy to one based on knowledge, more importance is being placed on an organization's intangible assets,...  >>
Intellectual Property and Critical Information Protection
Views: 25667 |  Comments: 0  | Article Rating
Intellectual Property and Critical Information Protection
Marsh Risk Consulting (MRC) has developed a comprehensive methodology to help organizations protect their IP and critical information.   >>
Marine Cargo: Life Sciences
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Marine Cargo: Life Sciences
We work with our Life Sciences Practice to provide expertise and solutions to organizations in the marine cargo, biotechnology, pharmaceutical, and medical devices industries.  >>
Marine Cargo: Retail Stock-Throughput
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Marine Cargo: Retail Stock-Throughput
Stock-throughput protection provides “all risk” coverage for goods and/or merchandise on a “cradle to grave” basis.  >>
Product Liability
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Product Liability
In the event of a product liability suit, Marsh Risk Consulting provides a broad range of services to clients and their defense counsel.  >>
Product Recall
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Product Recall
MRC’s Product Risk Practice provides solutions across the entire product lifecycle.  >>
Protecting Valuable Products—Stock Throughput Policy
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Protecting Valuable Products—Stock Throughput Policy
A stock-throughput policy is designed to provide coverage for products in transit and in storage and eliminate potential gaps in coverage.  >>
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February 07, 2014  |  Views: 8045
Favorable US Insurance Market Conditions Expected in 2014: Marsh
The ample capacity and competition that helped temper firming of US commercial insurance rates in 2013 is expected to continue into 2014, barring higher than expected catastrophe l...  >>
January 30, 2013  |  Views: 9620
Further Firming Expected in US Commercial Insurance Market in 2013: Marsh
US commercial insurance rates are expected to continue firming in many lines of business and industry sectors in 2013 as above average losses, subdued investment returns, and reced...  >>
February 08, 2012  |  Views: 17640
Marsh and Allied World Launch Responsible Corporate Officer Doctrine Coverage
RCO Corporate Response reimburses companies for the costs associated with RCO prosecutions and administrative debarment/exclusion proceedings.  >>
April 27, 2011  |  Views: 9085
First-Quarter Insurance Rate Increases Confined to Loss-Affected Exposures: Marsh
Global Insurance Markets Under Pressure as Atlantic Hurricane Season Approaches Despite record level first-quarter catastrophe losses, insurance rate increases were confined to lo...  >>

Contacts
Doug Carey
Practice Leader
Norwalk CT United States
203 229 6804
douglas.c.carey@marsh.com