Marsh & McLennan Appoints Peter Zaffino Chairman of Its Risk & Insurance Services Segment
May 07 2015 - 7:30AM
Business Wire
Peter Hearn to Join Guy Carpenter in May
2016
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.
Marsh & McLennan CompaniesMedia:Edward L. Dandridge,
+1 212 345 9751ed.dandridge@mmc.comorInvestor:Keith Walsh,
+1 212 345 0057keith.walsh@mmc.com
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