Marsh launches global alternative risk practice

Marsh has launched Global Alternative Risk Solutions, a practice which aim to harness its risk advisory and capital raising resources to bring clients new risk solutions. 

The practice will be headed by alternative risk veteran Christophe Letondot, who has spent the last decade at Marsh working on alternative risk transfer, structured credit, and parametric solutions.

Marsh said the practice brings together Marsh‘s expertise and strategy in parametric solutions, alternative risk transfer, captives, and complex risk. 

"The practice will leverage Marsh’s vast resources, data, and technologies to drive innovation and accelerate the development of new risk solutions for the benefit of clients," the company said. 

"Global Alternative Risk Solutions aligns existing capabilities from Marsh Specialty, Global Placement, Captive Solutions, and Advisory. 

"It also will work with Guy Carpenter to access broad capital pools, including insurance linked securities markets, for corporate clients. With this new practice, Marsh will provide clients with a comprehensive and integrated approach to optimising risk capital."

Letondot, who has 30 years of experience in financial services, will report to Pat Donnelly, president of Marsh Specialty and Global Placement, and work closely with John Donnelly, global head of placement, and other Marsh leaders "to seamlessly integrate and deliver capabilities to clients".

Pat Donnelly said: "Global Alternative Risk Solutions represents our commitment to being the risk advisor of the future and providing clients with easily accessible, cutting-edge risk management solutions. 

"This practice will empower our clients to navigate the ever-changing risk landscape with confidence and resilience.”

Letondot added: "Leading Global Alternative Risk Solutions is an incredible opportunity to drive innovation and shape the future of risk management. Together, we will embrace data-driven insights and cutting-edge technologies to unlock new opportunities and empower our clients to thrive in an increasingly complex risk landscape."

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