Marsh has hired Chris Lay as president of its global captive solutions business, effective 1 July.
Lay will be based in London where he will drive the business’ operations and future platform. He will report to John Drzik, president of Marsh’s global risk and specialities division.
Lay has served at Marsh since 1984, where he has held senior positions in the UK, Europe, Middle East and Africa regions and international divisions.
He has also led operations for Marsh in Russia, Eastern Europe and the Middle East.
“Lay’s proven leadership abilities, relationship-building skills, and business development experience uniquely position him to lead Marsh’s captive solutions business in its next stage of growth and development”, said Drzik.
“I look forward to the opportunity of leading Marsh’s excellent team of more than 450 captive experts and offering clients all over the world Marsh’s world-class captive solutions,” Lay said.
