Marsh unveils global management shake-up

New international division to focus on operations in Asia and other areas among the changes

Marsh unveils global management shake-up

Insurance News

By Terry Gangcuangco

As part of a global management shake-up, Marsh has created two divisions, established Marsh International and has appointed several new names to head the groups.

Here’s what the shake-up looks like:

Global risk & digital (GR&D) division
  • Consolidates the offerings for small commercial businesses, families, and individuals
  • Comprises Marsh’s consulting practices and its data, digital, and analytics solutions
  • To be headed by GR&D president John Drzik, previously president of global risk & specialties

Global placement & specialties division
  • Encompasses insurance placement activities, as well as global industry and practice specialties
  • Global placement operations include retail and specialty, wholesale, and portfolio solutions; global specialties operations include aviation, construction, credit, energy, marine, private equity and M&A (PEMA), and Infrastructure
  • To be headed by global placement & specialties president Dean Klisura

Marsh International
  • Covers operations in Africa, Asia, Continental Europe, Latin America & the Caribbean, the Middle East and North Africa, Pacific, and the UK & Ireland
  • To be headed by Flavio Piccolomini, previously Marsh Continental Europe chief executive

Part of the firm’s executive committee, all three appointees will report to Marsh president and chief executive John Doyle. Piccolomini, who will relocate to London, will continue to lead Continental Europe in the meantime.

Additional appointments to the committee have also been announced: Martin South, president, US & Canada; and David Eslick, chairman and chief executive of Marsh & McLennan Agency.

Other members of Marsh’s executive committee are David Batchelor, vice chairman; Liz Cole, chief human resources officer; Ed Dandridge, chief marketing & communications officer; Pat Hagemann, chief administrative officer; Susan Stone, general counsel; and Keith Walsh, chief financial officer.

“This is an exciting time in our industry as the complexity of risks and the speed of change our clients face increase,” commented Doyle. “Our new global structure and expanded executive team will better enable us to deliver unmatched innovation and value to our clients around the world.”

A wholly owned subsidiary of Marsh & McLennan Companies, Marsh specialises in insurance broking and risk management. It employs 30,000 people and serves clients in more than 130 countries.

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