LONDON, July 07, 2015 —Marsh & McLennan Companies, Inc. (NYSE: MMC) has launched its new Protection & Indemnity Client Service unit – PICS – which offers an innovative and expansive range of reinsurance and advisory services designed specifically to help P&I Associations and Insurers address the increasingly complex challenges they face.

PICS brings together the knowledge, resources and expertise of Marsh & McLennan Companies’ four operating units – Guy Carpenter, Marsh, Mercer and Oliver Wyman – under one coordinated approach referred to as “The MMC Advantage.” The MMC Advantage offers clients capabilities that surpass those of a traditional transactional broker by encompassing analytics, benchmarking, solvency advice, business development assistance, investment and risk management capabilities, as well as both facultative and treaty reinsurance broking.

This joined-up approach is critical to the ability of P&I insurance providers to thrive in the highly competitive marine sector, particularly given increasing regulatory and financial pressures.

Commenting on the launch, Simon Smith, Chairman of PICS and Managing Director at Guy Carpenter, said: “By bringing together the full resources of MMC, we are able to tackle the wide range of challenges our clients face in today’s ever more complex P&I environment. In addition to the broadest range of services, we have a team second to none in its understanding of the mutuals, companies and agencies that we work with. Our client base demands much more than transactional broking, and that is what PICS delivers -- services far beyond the conventional.”

The PICS group combines the Guy Carpenter International P&I team (key offices in London, New York and Tokyo), Marsh’s Marine Liability team (led by Jeremy Jiggins), Marsh’s Global Marine Practice, the Mercer network P&I specialist team (led by David Furlong) and the global offices of Oliver Wyman.

To mark the launch of PICS, MMC held a reception at their London headquarters, which was attended by around 100 industry figures from across the P&I sector. Photographs from the event are available upon request.

TAGS/KEYWORDS
Marsh & McLennan Companies, MMC, Guy Carpenter, Marsh, Oliver Wyman, Mercer, Smith, Jiggins, Furlong, P&I, Clubs, Mutuals, Insurers, MMC Advantage

About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE: MMC) is a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. Marsh is a leader in insurance broking and risk management; Guy Carpenter is a leader in providing risk and reinsurance intermediary services; Mercer is a leader in talent, health, retirement, and investment consulting; and Oliver Wyman is a leader in management consulting. With annual revenue of $13 billion and 57,000 colleagues worldwide, Marsh & McLennan Companies provides analysis, advice and transactional capabilities to clients in more than 130 countries. The Company 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 and follow us on LinkedIn and Twitter @MMC_Global.