17 May 2016Actuarial & underwriting

Marsh promotes exec to lead global captive solutions

Broker Marsh has appointed Nick Durant to lead its global captive solutions practice, effective July 1, 2016.

In this role, Durant will have oversight of Marsh’s captive solutions business, which provides advisory solutions and manages more than 1,250 captives worldwide.

Durant will be based in New York and report to John Drzik, president of Marsh’s Global Risk and Specialties division. He succeeds Chris Lay, who has been named president and CEO of Marsh Canada.

Durant brings 20 years of reinsurance and analytics experience to his new role having most recently served as Marsh’s global analytics sales leader. Prior to joining Marsh in 2012, he spent 14 years with Guy Carpenter in various leadership positions.

“Strategic advice and capital-based solutions have never been more critical for our captive clients,” said Drzik. “I am confident that Nick’s leadership will help us build on our current growth momentum and accelerate our innovation of new solutions.”

Durant added: “As the world’s largest captive manager, organisations come to Marsh for a one-stop approach to innovative captive solutions, including advice, implementation, management, and actuarial services. I’m excited to lead this distinguished team and build on its success.”