Marsh & McLennan Appoints Peter Zaffino Chairman of its Risk & Insurance Services Segment
Peter Hearn to Join Guy Carpenter in May 2016
NEW YORK--(BUSINESS WIRE)--May 7, 2015--
Marsh & McLennan Companies, Inc. (NYSE:MMC) announced today that Peter
Zaffino, President & Chief Executive Officer of Marsh LLC, has been
appointed Chairman of the Company's Risk & Insurance Services segment,
which includes Marsh and Guy Carpenter. Mr. Zaffino will continue to
serve as President & CEO of Marsh reporting to Daniel S. Glaser,
President & Chief Executive Officer of Marsh & McLennan.
Marsh & McLennan also announced today that Peter Hearn, most recently
the Chairman of Willis Re, will join Guy Carpenter as its Chief
Executive Officer in May 2016. Mr. Hearn's demonstrated track record of
success includes more than 30 years of reinsurance industry experience,
including serving as CEO of Willis Re from 2006 to 2011 prior to
becoming its Chairman. Previously, Mr. Hearn spent more than a decade at
Towers Perrin Reinsurance. Mr. Hearn will not join Guy Carpenter until
May 2016 to enable him to honor the terms of a non-competition agreement
with his former employer.
Alex Moczarski will continue to serve as President & CEO of Guy
Carpenter through May 2016. Upon Mr. Hearn's arrival at Guy Carpenter,
Mr. Moczarski will serve full time in his role as Chairman of Marsh &
McLennan International, and will continue reporting directly to Mr.
Glaser.
"Today's appointments further strengthen the leadership team of our risk
and insurance businesses. Peter Zaffino has demonstrated outstanding
management skills leading Marsh, and previously Guy Carpenter, and has
established broad retail and reinsurance expertise. Peter Hearn has been
an innovator throughout his career and will strengthen Guy Carpenter's
position as a premier provider of strategic advice and industry-leading
solutions for our clients," said Dan Glaser, President & Chief Executive
Officer of Marsh & McLennan. "For the past 22 years, Alex Moczarski has
excelled in an array of leadership roles at Marsh & McLennan, including
CEO of Guy Carpenter, President of Marsh International, and Chairman of
Marsh & McLennan International. I look forward to working closely with
these accomplished executives in the years ahead."
About Marsh & McLennan Companies
MARSH & McLENNAN (NYSE: MMC) is a global professional services firm
offering clients advice and solutions in the areas of risk, strategy,
and people. With annual revenue exceeding $13 billion, Marsh &
McLennan's 57,000 colleagues worldwide provide analysis, advice, and
transactional capabilities to clients in more than 130 countries
through: Marsh,
a leader in insurance broking and risk management; Guy
Carpenter, a leader in risk and
reinsurance intermediary services; Mercer,
a leader in talent, health, retirement, and investment consulting; and Oliver
Wyman, a leader in management
consulting. Marsh & McLennan is committed to being a responsible
corporate citizen and making a positive impact in the communities in
which it operates. Visit www.mmc.com
for more information.
Source: Marsh & McLennan Companies, Inc.
Marsh & McLennan Companies
Media:
Edward L.
Dandridge, +1 212 345 9751
ed.dandridge@mmc.com
or
Investor:
Keith
Walsh, +1 212 345 0057
keith.walsh@mmc.com
