Chris Lay, president of the Marsh global captives business, has been promoted to the position of president and CEO of Marsh Canada.
In his new role, Lay will assume responsibility for the operations of Marsh Canada. He will take over from Alan Garner, who is taking on the role of Chairman of Marsh Canada, effective from 1 July.
Lay will focus on driving client value in Canada and on delivering advisory and strategic services to a growing client base in the region. Based in the Toronto office, he will report to Robert Bentley, President of Marsh in the US and Canada.
A new president of the global captives business has not yet been appointed, and is expected to be announced soon.
Bentley said: “Chris Lay’s experience across a wide range of risk and insurance businesses makes him an outstanding choice to lead our Canadian operations. [He] will continue to strengthen our relationships with our clients as their trusted risk advisor.”
Lay added: “Our reputation in Canada has been forged by a sustained commitment to excellence from our colleagues there and the continuity and experience of our leadership team. I look forward to working with them to deliver the innovation and superior value that our clients have come to expect.”
At Marsh, Lay has held several previous positions including head of global sales, CEO for the Europe, the Middle East and Africa corporate business, and deputy CEO for the UK retail business.
