Marsh has expanded its captive solutions operations in Halifax, Nova Scotia, to roll-out its new global initiatives development and training to its offices around the world.
Novia Scotia offers a number of advantages including competitive operating costs, an educated and loyal labour pool, and a strategic near-shore location to the US and Europe.
“Our Halifax office is recognised for its productivity, efficiency, and they are consistently early adopters of new technology we’ve introduced,” said Julie Boucher, practice leader for Marsh's captive solutions group.
“The office will be instrumental in rolling out our new global initiatives to our Marsh captive solutions offices around the world.”
Marsh’s Halifax office, which opened in 2006, has been steadily growing its captive insurance servicing operation locally. The office currently services more than 300 captive accounts worldwide.
Stephen Lund, president and CEO of Nova Scotia Business, the province’s economic development agency, said: “It is a unique type of work for the financial services industry in Nova Scotia.”
“While most captives usually locate in offshore jurisdictions with laws favourable to their arrangement, Marsh chose Nova Scotia as a near-shore solution for its shared services, middle and back office operations because of the cost competitive environment of doing business and access to our talented labour force.”
