Marsh & McLennan has launched its new Protection & Indemnity Client Service (PICS) unit, which offers a range of reinsurance and advisory services designed specifically to help protection and indemnity associations and insurers address the increasingly complex challenges they face.
PICS brings together the expertise of Marsh & McLennan’s four operating units—Guy Carpenter, Marsh, Mercer and Oliver Wyman—under one coordinated approach.
This collective will encompass analytics, benchmarking, solvency advice, business development assistance, investment and risk management capabilities, as well as both facultative and treaty reinsurance broking to assist clients.
Simon Smith, chairman of PICS and managing director at Guy Carpenter, said: “In addition to the broadest range of services, we have a team second to none in its understanding of the mutuals, companies and agencies that we work with.”
“Our client base demands much more than transactional broking, and that is what PICS delivers— services far beyond the conventional.”
The PICS group combines the Guy Carpenter International protection and indemnity team (key offices in London, New York and Tokyo), Marsh’s marine liability team, Marsh’s global marine practice, the Mercer network protection and indemnity specialist team, and the global offices of Oliver Wyman.
