AIG Europe MD poached

Marsh has appointed Daniel S. Glaser as Chairman and Chief Executive Officer.

Glaser is currently Managing Director of AIG Europe, and the Regional President of AIG’s American International Underwriters (AIU), UK/Ireland division.

He joins Marsh on 10 December.

Michael G. Cherkasky, MMC President and Chief Executive Officer said: “Dan has broad expertise in the insurance industry as well as first-hand knowledge of the Marsh organization.”

“His perspectives as both a broker and an underwriter, coupled with his extensive international experience, make him the ideal candidate to take Marsh forward.”

Glaser currently lives in London and will relocate to MMC’s corporate headquarters in New York. He will report to Mr. Cherkasky.

Glaser said: “In returning to Marsh, I will come full circle to the start of my career in the insurance industry 25 years ago.

“During that time, I have seen the strength and resiliency of the Marsh organization: it is a company with great people, the strongest client base in the world and a bright future.

“There are challenges and we must address them. There are also tremendous opportunities, and with the support of thousands of Marsh employees, I intend to move promptly to seize those opportunities.”

Glaser began his career in the insurance industry as a Marsh broker in 1982. He joined AIG as President of the Global Energy Division in 2000, and was named Managing Director of AIG Europe (U.K.), AIU’s largest division, in 2002.