Profiles - Summaries of backgrounds and capabilities of the Top UK brokers Compiled by Angelina Ritchie.
1. MARSH
TOWER PLACE, LONDON EC3R 5BU
TEL: 020 7357 1000
WEBSITE: WWW.MARSH.CO.UK + WWW.MARSH.CO.UK
FEE AND COMMISSION INCOME (2004): £658.78m
PRE-TAX PROFIT: N/A
NUMBER OF UK BRANCHES: 30
NUMBER OF UK EMPLOYEES: 6,450
CHIEF OFFICER: BRUCE CARNEGIE-BROWN, CHIEF EXECUTIVE
HISTORY
Marsh Inc is the risk and insurance services unit of Marsh & McLennan Companies (MMC), a global professional services firm with 60,000 employees and annual revenues exceeding $12bn.
MMC operating units are also engaged in consulting through Mercer Inc and investment management through Putman Investments.
From its founding in the 19th century, Marsh has grown into an enterprise of 38,000 risk specialists, with annual revenues of $6.9bn, serving a wide range of clients in more than 100 countries. In the UK, Marsh has some 6,450 staff at 30 locations. Its clients range from multinationals and commercial enterprises to private businesses and individuals.
Marsh offers risk management and insurance services covering a full range of services, enabling clients to identify, value, control, transfer and finance risk. The firm has invested significantly in risk management technologies, creating new tools and solutions to help clients identify and control risk.
Marsh also arranges affinity schemes, creating brand loyalty with clients or associations by providing insurance products for their customers or members.
MAIN LINES OF BUSINESS
Risk management and insurance broking services
CHIEF OFFICER BIOGRAPHY
Bruce Carnegie-Brown joined Marsh in June 2003 as chief executive. Prior to joining Marsh, Carnegie-Brown spent 18 years with JP Morgan in a variety of roles in Europe and Asia.
From 1995 to 1997, he was the chief credit officer for JP Morgan Europe, Middle East and Africa. From 1997 to 2000 he was chairman of JP Morgan Securities Asia Ltd, based in Tokyo.
He relocated to London in September 2000, where he was head of European debt capital markets until joining Marsh. Prior to joining JP Morgan, Carnegie-Brown spent four years at the Bank of America.
