Marsh introduces world various threat apply

Marsh LLC on Thursday launched a world various threat options apply, led by Christophe Letondot.

The apply brings collectively Marsh’s experience in various threat switch, captives, complicated threat and parametric coverages to assist companies optimize their threat capital.

New York-based Mr. Letondot beforehand was credit score specialties chief, U.S. and Canada. As head of worldwide various threat options, he’ll report back to Pat Donnelly, president of Marsh Specialty and world placement.

The apply will make the most of knowledge, know-how and sources throughout Marsh Specialty, world placement, captive options, and advisory. Man Carpenter & Co. LLC, Marsh & McLennan Cos. Inc.’s reinsurance brokerage unit, may also be tapped to entry capital swimming pools, together with the insurance-linked securities markets.