Recently instated Marsh president and CEO John Doyle has announced a realignment of the broker's global structure, including new appointments to its executive management team and regrouping units.
As part of the restructure, a new global risk and digital division has been formed, bringing together small business and personal product lines with consulting practices and analytics, digital and data products. It will be led by John Drzik, who has been appointed president of the unit and will report to Doyle.
Marsh has also created a global placement and specialties division, which combines industry and practice specialties with insurance placement activities, which include retail and specialty, wholesale and portfolio solutions. Global specialties encompasses aviation, construction, credit, energy, marine, private equity, infrastructure and merger and acquisitions.
Dean Klisura has been named president of the division and will also report to Doyle. Like Drzik, he will also join the broker’s executive committee.
Marsh’s new management structure includes the addition of Marsh International, which will operate under Flavio Piccolomini as president. Piccolomini, who will continue to serve as CEO of Marsh Continental Europe on an interim basis, also joins the executive committee.
Marsh International comprises operations in Africa, Asia, Continental Europe, Latin America and the Caribbean, Middle East and North Africa, Pacific, and UK and Ireland.
Doyle also made additional appointments to Marsh’s executive committee, including US and Canada president Martin South and David Eslick, chairman and CEO of Marsh & McLennan Agency.
Commenting on the changes, Doyle said: “This is an exciting time in our industry as the complexity of risks and the speed of change our clients face increase,”
“Our new global structure and expanded executive team will better enable us to deliver unmatched innovation and value to our clients around the world.”
Doyle was named as president and CEO of Marsh in July, succeeding Peter Zaffino who left to join Brian Duperreault at AIG as global COO of the US insurance giant.