David Moylan has been recruited as chairman to lead Marsh’s newly created global surety practice.
Moylan—who has worked at Marsh for more than 25 years—previously held the role of chairman of the surety practice in the company’s international division. He will continue to be based in Washington DC and report to Jim Pierce, chairman of Marsh’s global industries.
Pierce said: “As a world leader in surety, Marsh’s network of more than 200 surety specialists already provides clients with consulting and brokerage services in construction and commercial specialties around the world.”
“In our continuing mission to deliver exceptional value to clients, the creation of Marsh’s global surety practice is a crucial step toward aligning surety colleagues globally and enhancing the capabilities we can bring to our global and multinational client base,” added Pierce.
Commenting on his appointment, Moylan said: “As global economic uncertainty continues, companies around the world are looking to manage their credit arrangements more proactively.”
“By enhancing collaboration and innovation we will be able to assist clients across many industries manage their surety facilities more effectively. I am looking forward to leading our global team as we deliver the solutions that meet our clients’ rapidly changing needs.”
