Davies to Head Marsh’s UK Risk Management Practice

June 17, 2008

Marsh announced the appointment of George Davies to Head its Risk Management Practice in the UK. He will report to Artur Niemczewski, Chief Executive of Multinational within Marsh UK.

Davies most recently headed Marsh UK’s Risk Consulting Practice. He called his new assignment “challenging,” and indicated that Marsh is “investing and building” its resources “to bring the best ever broking and risk expertise to market.”

He also noted that Marsh’s clients are “demanding innovative risk solutions, reflecting the changes to their business models. Of special concern in the market right now are risks around supply chains and business interruption. Marsh is working with clients and the insurance markets to ensure that there are solutions which optimise the impact of risk on their balance sheets.”

Rising energy costs along with the ‘credit crunch ” are also “impacting companies in every sector of business, further squeezing margins,” he added.

Marsh explained that its “Risk Management Practice is responsible for providing bespoke and sophisticated solutions to Marsh’s largest and most complex retail clients focusing on the key areas of risk diagnosis, mitigation, retention and transfer.”

Source: Marsh – www.mmc.com or www.marsh.com

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