Marsh makes executive changes for UK, CanadaReprints
Marsh L.L.C. on Friday said it has named Chris Lay CEO of its U.K. and Ireland region and CEO of Marsh Ltd., while Sarah Robson will succeed Mr. Lay as president and CEO of Marsh Canada Ltd.
Mr. Lay is succeeding Mark Weil, who is leaving Marsh to take up a senior role outside of insurance in the private-equity sector, the brokerage said in a statement.
Mr. Lay will be based in London and report to Flavio Piccolomini, president of Marsh International.
Ms. Robson will be based in Toronto and report to Martin South, president of Marsh U.S. and Canada, according to the statement. Currently, she is a managing director in Marsh’s U.S. business and serves as global relationship manager in its insurer consulting group.
The appointments are subject to regulatory approval, according to the statement. The executives are expected to take up their roles this summer, a Marsh spokeswoman said in an email.
“We are excited to appoint Chris and Sarah to lead these important regions for us,” John Doyle, president and CEO of Marsh, said in the statement. “They are talented, long-tenured Marsh executives who will bring a strong focus on our priorities of colleagues, clients and growth.”
On Wednesday, the company named Christos Adamantiadis as CEO of its newly combined Middle East and Africa region.
Acquisition in Scotland
Separately, Marsh on Thursday said one of its U.K. units, Jelf Insurance Brokers Ltd., would acquire Perth, Scotland-based brokerage Clark Thomson Insurance Brokers Ltd. Terms of the transaction, which is expected to close in the second quarter of 2018, were not disclosed.
Clark Thomson was established in 1965 and has more than 200 employees in offices in Dundee, Glasgow, Inverness, Kirkwall, Oban, Elgin, Thurso and Nairn, Scotland, focused on small and medium-sized businesses in the agriculture, renewable energy, food and drink, and retail sectors, Marsh said in a statement.
Jelf also serves midsize and small and medium-sized enterprise companies and has a staff of almost 3,000 serving over 250,000 clients in more than 75 locations, the statement said.
Jelf will combine its existing Scottish operations with Clark Thomson into a single business unit, subject to regulatory approvals, led by Ben Bailey, managing director of Clark Thomson, the statement said.