Marsh LLC said Wednesday it has promoted Craig Schioppo to the newly created role of global head of transactional risk, Marsh Specialty, effective immediately.
Mr. Schioppo will continue as transactional risk practice leader for U.S. and Canada, in addition to his new role overseeing a global team placing transactional risk coverage, including representations and warranties insurance, for mergers and acquisitions.
Based in New York, Mr. Schioppo will report to Lucy Clarke, interim global specialty head of Marsh’s private equity and M&A practice.
Volante Lloyd’s Syndicate 1699, managed by Asta Managing Agency Ltd., said Wednesday it has partnered with Marsh LLC to develop a coverage for listed companies in the United Kingdom facing shareholder activist activity.