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Press release

Marsh appoints Tim Payne as UK Chairman, Financial and Professional Specialty

Michael Morgan to lead Professional Liability group

24/01/2022 · 3 minutes read

LONDON | 24 JANUARY 2022

Marsh, the world’s leading insurance broker and risk advisor, today announced the appointments of Tim Payne as UK Chairman of Marsh Specialty’s Financial and Professional (FINPRO) practice and Michael Morgan as Head of Professional Liability, UK FINPRO. Effective immediately, both are based in London and report to Beth Thurston, the newly-appointed UK CEO, FINPRO, Marsh Specialty.

In his role as UK Chairman, Mr. Payne will work closely with Ms. Thurston and the wider FINPRO leadership team to support clients in managing their financial and professional risks. He will also share his experience and knowledge with colleagues across the business, to support their personal development and growth.

Mr. Payne has over 35 years' industry experience and was previously Head of Professional Liability, UK FINPRO. In this role, he advised global engineering clients on their risk exposures and insurance placement strategies. Mr. Payne began his career at Bowring Professional Indemnity and has extensive experience working with major UK and international firms.

Mr. Morgan succeeds Mr. Payne as Head of Professional Liability, UK FINPRO. Previously Head of Global Professions, Mr. Morgan advises global law firms, consultants, and accountants on their professional risks. Mr. Morgan has over 30 years’ experience across financial lines, reinsurance, and captive management, and has been with Marsh since 2003.

Commenting on the appointments, Ms. Thurston said: “Our UK FINPRO team has an important role to play in supporting clients as they navigate the rapidly-evolving risk landscape and providing solutions for some of their most complex needs. Tim and Mike are highly-respected industry professionals and bring many years of experience to these roles, which will be of great benefit to our clients and colleagues alike.”

About Marsh

Marsh is the world’s leading insurance broker and risk advisor. With around 40,000 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 (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over $18 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.

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