The global conversation around climate resilience is shifting, underscoring the importance of adaptation alongside mitigation, a sentiment that was evident during this year’s Climate Week NYC.
With growing demand for more comprehensive risk management strategies, the insurance industry is leading the charge to address escalating climate risks through enhanced technical capabilities while promoting risk reduction across the value chain and innovating insurance solutions. At the same time, advances in climate risk analytics are providing more accurate insights to help guide resilience investments, enabling supportive cost-benefit analyses for the prioritization of resilience investments. In this environment, multi-stakeholder collaboration is essential to drive the adoption of resilience measures.
In this episode of Risk in Context, Amy Barnes, Global Head of Energy and Power and Head of Climate and Sustainability Strategy at Marsh, speaks with Francis Bouchard, Managing Director of Climate at Marsh McLennan, Julie Milbrandt, Wildfire Risk Solutions Leader at Marsh, and Kieran Bhatia, Climate and Sustainability Lead, North America, at Guy Carpenter. They discuss some of the key takeaways from Climate Week NYC and talk about strategies and solutions already transforming how climate resilience is integrated into business strategy.
Global Head of Energy & Power, Marsh
Amy Barnes is Marsh’s Global Head of Energy & Power and also heads Marsh’s Climate and Sustainability Strategy. Prior to this, she held several leadership roles with Marsh’s global energy, power, and renewables businesses. She has a respected depth and breadth of experience assisting some of the largest and most complex companies in managing risks.
Managing Director, Climate, Marsh McLennan
Francis Bouchard serves as Managing Director for Climate for Marsh McLennan, where he works with the company’s four businesses to craft and deliver climate-related solutions for clients, communities, and other stakeholders. He also serves as a Senior Fellow at Duke University’s Nicholas Institute for Energy, Environment, and Sustainability, and is a member of APCO Worldwide’s International Advisory Council.
North America Climate and Sustainability Lead, Guy Carpenter
Kieran Bhatia is Guy Carpenter’s Climate and Sustainability Lead for North America, where he develops climate change products, supports climate regulatory responses, and delivers advisory services to (re)insurance companies. Prior to joining Guy Carpenter, he held the role of Climate Science Program lead at bp in London, England. Before that, he spent eight years in academia, obtaining a PhD in Meteorology and Physical Oceanography from the University of Miami and a post-doctoral fellowship at Princeton University. His research primarily focuses on improving tropical cyclone forecasting and understanding the impact of climate change on hazard risk.
Wildfire Risk Solutions Leader, Marsh
Julie Milbrandt serves as the Wildfire Risk Solutions Leader within Marsh Specialty’s Energy & Power Practice. In this role, she is charged with connecting clients and prospects with the deep expertise and extensive suite of tools and services Marsh McLennan delivers through customized wildfire risk analysis, modeling, mitigation strategies, and risk transfer solutions. Concurrently, she serves as a casualty advisor and broker, responsible for the placement and servicing of liability programs for utilities, power generation and transmission, and energy clients.
Report,Featured insight
09/19/2025
