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Risk-Management : Insurance : Strategic Planning :
Christopher Lay Named President of Marsh’s Global Captive Solutions Business
June 19, 2014 05:00 PM
Marsh has announced that Chris Lay has been appointed president of its Global Captive Solutions business effective July 1, 2014. Based in London, Mr. Lay will focus on the strategic priorities to drive growth across the business’ current operations and future platform.
Since joining Marsh in 1984, Mr. Lay has served in a variety of senior roles in the UK, the Europe, Middle East, and Africa regions, and the international division. His extensive experience includes leading the UK and EMEA corporate segment and Marsh’s operations in Russia, Eastern Europe, and the Middle East. He most recently served as the business development leader within Marsh’s international division.
In his new role Mr. Lay will report to John Drzik, president of Marsh’s global risk and specialties division. He succeeds Michael Cormier, who will continue in his role as CEO of Marsh Risk Consulting.
Commenting on the appointment, Mr. Drzik said: “Chris’ proven leadership abilities, relationship-building skills, and business development experience uniquely position him to lead Marsh’s Captive Solutions business in its next stage of growth and development. As the world’s leading captive manager, Marsh has had great success in developing innovative solutions for clients, and I am confident that under Chris’ leadership we will build on that success.”
Mr. Lay added: “In a rapidly evolving risk landscape, it is vital that we offer clients innovative alternative financing solutions to protect their assets and enable them to grow and thrive. I look forward to the opportunity of leading Marsh’s excellent team of more than 450 captive experts and offering clients all over the world Marsh’s world-class captive solutions.”
Marsh is a global leader in insurance broking and risk management. We help clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. We have approximately 27,000 colleagues working together to serve clients in more than 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital.
With more than 54,000 employees worldwide and approximately $12 billion in annual revenue, Marsh & McLennan Companies is also the parent company of Guy Carpenter , a global leader in providing risk and reinsurance intermediary services; Mercer , a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting.
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