Mark Weil takes up the reins from Martin South

Marsh has appointed Mark Weil as chief executive of Marsh UK & Ireland.

Weil was previously head of EMEA financial services at Marsh’s sister company Oliver Wyman, and will replace Marsh Europe chief executive Martin South.

South was originally the head of Marsh UK & Ireland, and was provisionally covering his old role after joining Marsh Europe in January.

South said: “Marsh is fortunate to have attracted a leader of Mark’s calibre, who brings deep experience in running a world class client advisory business, extensive knowledge of Marsh and our operations and a strong understanding of the insurance industry.”

Weil said: “Having seen at first hand the risks facing the financial services sector, I know that economic conditions are placing UK businesses under tremendous pressure. I am excited to be leading Marsh’s excellent team in UK which I know well, and working with them to enable our clients to manage and mitigate those risks.”