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Marsh president expands risk and insurance services responsibilities

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Marsh & McLennan Cos. Inc. announced that Marsh L.L.C. President and CEO Peter Zaffino has been appointed chairman of Marsh & McLennan's Risk & Insurance Services segment, which includes Marsh and Guy Carpenter & Co. L.L.C.

Mr. Zaffino will continue to serve as Marsh president and CEO, reporting to Daniel S. Glaser, president and CEO of Marsh & McLennan.

Marsh & McLennan also announced that Peter Hearn, most recently chairman of Willis Re, will join Guy Carpenter as its CEO in May 2016.

Mr. Hearn will not join Guy Carpenter until May 2016 to enable him to honor the terms of a noncompetition agreement with his former employer. In the meantime, Alex Moczarski will continue to serve as Guy Carpenter CEO through May 2016. When Mr. Hearn arrives at Guy Carpenter, Mr. Moczarski will serve full time in his role as chairman of Marsh & McLennan International and will continue reporting directly to Mr. Glaser.

The appointments “further strengthen the leadership team of our risk and insurance businesses,” Mr. Glaser said Thursday in a statement announcing the appointments.

“Peter Zaffino has demonstrated outstanding management skills leading Marsh, and previously Guy Carpenter, and has established broad retail and reinsurance expertise. Peter Hearn has been an innovator throughout his career and will strengthen Guy Carpenter's position as a premier provider of strategic advice and industry-leading solutions for our clients,” Mr. Glaser said.

“For the past 22 years, Alex Moczarski has excelled in an array of leadership roles at Marsh & McLennan, including CEO of Guy Carpenter, president of Marsh International, and chairman of Marsh & McLennan International,” he said.