New appointments join broker's international surety practice
Marsh has made three senior appointments to its international surety practice.
Steve Powney, Steven Lewis and Tricia Burgess have all joined Marsh from Aon’s surety and guarantee team. Marsh works with more than half of the Fortune 1000.
Powney will lead the international surety practice for Marsh in Europe, the Middle East and Africa (EMEA), while Lewis and Burgess will focus on developing Marsh’s pan-European surety business among the region’s largest companies.
Powney worked at Aon for 10 years and was managing director of the firm’s surety and guarantee team. He has over 20 years’ experience in the insurance industry, specialising in lending and guarantees.
Lewis has been appointed as senior vice president. He was previously a director in Aon’s surety and guarantee practice for 15 years. Lewis worked in the UK, US and continental Europe in various surety and underwriting roles. Burgess joins Marsh as vice president. She was previously a senior bond administrator in Aon’s surety and guarantee practice for 19 years.
Commenting on the announcement, Powney said: “At a time of credit uncertainty, surety bonds essentially provide a third-party endorsement of a firm’s financial well-being, which undoubtedly adds a competitive edge. I am glad to be joining Marsh, the leader in this market, at a time when clients need the breadth of experience and expertise that Marsh can offer.”
David Batchelor, chief executive of Marsh in EMEA, added: “Surety bonds can create an added assurance that a firm is robust enough to deliver on its promises – a competitive advantage in the present business climate. With their track records in the international surety bond market, Steve, Steven and Tricia are strong additions to the Marsh team as we actively help our clients manage through difficult economic conditions.”
Marsh's international surety practice employs over 200 specialists globally who provide consulting and brokerage services to our clients, including construction bond execution, corporate surety and international trade guarantees.