LONDON | 15 SEPTEMBER 2021
Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment of Michele Pignotti as Global Growth Leader, Credit Specialties, effective immediately. Based in Italy, he reports to Nick Robson, Global Practice Leader, Credit Specialties, Marsh Specialty.
In his role as Global Growth Leader, Mr. Pignotti will work with Mr. Robson to deliver the services and solutions offered by Credit Specialties to support clients in managing their surety, credit, and political risk and insurance needs, particularly as they adapt to the post COVID-19 trading environment and growing environmental, social, and governance (ESG) regulatory requirements.
Mr. Pignotti joins Marsh Specialty from trade credit insurer Euler Hermes, where he was the board member responsible for marketing, distribution and commercial underwriting for five years. Mr. Pignotti held several senior positions during his 17 years at Euler Hermes, including Head of the Mediterranean, Middle East, and Africa region, and CEO of Euler Hermes Italy. With a background in marketing, Mr. Pignotti has also served as Chief Marketing Officer, Europe, for Sara Lee’s apparel division, and Marketing Director, B2B Division, Telecom Italia.
Commenting on Mr. Pignotti’s appointment, Mr. Robson said: “As organisations plan their recovery from the economic impact of COVID-19, credit specialties risk and insurance solutions will be a key enabler of success by supporting sales growth, reducing capital costs, and helping to manage the impact of bad debt. Michele is an outstanding individual with extensive international industry experience; we welcome him to the team at this pivotal moment, and look forward to him working with our global clients to support their growth and investment strategies.”
Mr. Pignotti added: “As many government backstops come to an end, now is the time for organisations to reassess their credit management strategies and plan for high growth but with increased uncertainty. While credit specialties solutions fundamentally offer balance sheet protection, they can also facilitate new sales, secure supply chains, improve cash flow, increase financing lines and reduce borrowing rates, which enables firms to capitalise on growth and investment opportunities securely.
“Marsh has a strong reputation for developing innovative solutions that support clients in expanding beyond their borders, or breaking into new sectors. I am excited to join the Marsh team and will relish the opportunity to develop an already compelling proposition and contribute to our clients’ success.”
With over 800 advisors in 57 countries, Marsh Specialty’s Credit Specialties delivers industry and region specific knowledge and innovation to clients, enabling them to pursue their growth agendas while protecting their balance sheets from the payment, performance, and country risks associated with trade, investment and finance.
Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit corporate.marsh.com, or follow us on LinkedIn and X.
