Marsh has introduced the Global Alternative Risk Solutions practice, which brings together its parametric solutions, alternative risk transfer, captives and complex risk offerings.
The new division, led by Christophe Letondot, will integrate capabilities from Marsh’s Specialty, Global Placement, Captive Solutions and Advisory divisions.
It will also work with another Marsh’s company, Guy Carpenter, to access broad capital pools — including insurance linked securities markets — for corporate clients.
According to the company, the practice aims to leverage Marsh's vast resources, data, and technologies, to drive innovation and accelerate the development of new risk solutions for clients.
Commenting on the new practice, Pat Donnelly, president of Marsh Specialty and Global Placement, says: "Global Alternative Risk Solutions represent our commitment to being the risk advisor of the future and providing clients with easily accessible, cutting-edge risk management solutions.”
Letondot adds: "Leading Global Alternative Risk Solutions is an incredible opportunity to drive innovation and shape the future of risk management. Together, we will embrace data-driven insights and cutting-edge technologies to unlock new opportunities and empower our clients to thrive in an increasingly complex risk landscape."
