Marsh & McLennan has announced the appointment of Michael Cherkasky as chairman and chief executive of Marsh Inc.

Cherkasky's appointment at MMC's risk and insurance services subsidiary follows the announcement of the New York attorney general's probe into its financial affairs.

Cherkasky, formerly chief executive of Marsh Kroll, spent 16 years as a lawyer with the US criminal justice system, including time as chief of the investigations division for the New York district attorney's office.

He succeeds Ray Groves, who has served as chairman and chief executive of Marsh Inc since 2003. Groves will become a senior adviser to the company.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.