Marsh Names Nick Durant Global Captive Solutions Practice Leader
New York | May 16, 2016
Marsh, a leading insurance broker and risk advisor, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), announced today that Nick Durant will assume leadership of Marsh’s Global Captive Solutions Practice, effective July 1, 2016. In this role, Mr. Durant will have oversight of Marsh’s industry-leading captive solutions business, which provides advisory solutions and manages more than 1,250 captives worldwide.
Mr. Durant will be based in New York and report to John Drzik, president of Marsh’s Global Risk and Specialties division. He succeeds Chris Lay, who has been named president and CEO of Marsh Canada.
Mr. Durant brings 20 years of reinsurance and analytics experience to his new role having most recently served as Marsh’s global analytics sales leader. Prior to joining Marsh in 2012, he spent 14 years with Guy Carpenter in various leadership positions.
“Strategic advice and capital-based solutions have never been more critical for our captive clients,” Mr. Drzik said. “I am confident that Nick’s leadership will help us build on our current growth momentum and accelerate our innovation of new solutions.”
Mr. Durant added: “As the world’s largest captive manager, organizations come to Marsh for a one-stop approach to innovative captive solutions, including advice, implementation, management, and actuarial services. I’m excited to lead this distinguished team and build on its success.”
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.