Marsh unveils new global divisions
Marsh, the insurance broker and risk advisor subsidiary of Marsh & McLennan Companies, has announced the firm’s new management structure and new global divisions.
The company's global management structure includes the newly-created global risk & digital (GR&D) division, which brings together a range of innovative solutions and products for small commercial businesses, families and individuals. GR&D also comprises Marsh’s consulting practices and its data, digital, and analytics solutions. John Drzik, previously president of global risk and specialties, has been appointed president of GR&D.
In addition to GR&D, Marsh has formed a global placement & specialties division, which encompasses the company's insurance placement activities as well as its global industry and practice specialties. Marsh’s 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. Dean Klisura has been appointed president of global placement & specialties.
Both Drzik and Klisura will serve on Marsh’s executive committee, and report to Marsh president and CEO, John Doyle.
Marsh’s new structure also includes Marsh International, which comprises operations in Africa, Asia, Continental Europe, Latin America & the Caribbean, Middle East and North Africa, Pacific, and UK & Ireland.
Flavio Piccolomini has been appointed president of Marsh International, reporting to Doyle. In this role, Piccolomini will serve on Marsh’s executive committee and will relocate to London. Previously CEO of Marsh Continental Europe, Piccolomini will continue to lead Continental Europe on an interim basis.
Doyle said: "This is an exciting time in our industry as the complexity of risks and the speed of change our clients face increase. Our new global structure and expanded executive team will better enable us to deliver unmatched innovation and value to our clients around the world."
The CEO has also made additional appointments to Marsh’s executive committee, including Martin South, president, US & Canada; and David Eslick, chairman and CEO of Marsh & McLennan Agency.
