Marsh unveils new CEO

Marsh has announced that Nick Bacon, currently chief operating officer, is to become chief executive of Bowring Marsh, Marsh’s specialist international placement broker.

He will succeed Mark Gregory, who is leaving the company to take up a senior position at a major insurance carrier. Bacon, who will report to Alex Moczarski, chief executive of Marsh International, will assume his new responsibilities on November 1.

Moczarski said: “We are fortunate in having a senior executive of Nick’s calibre, who combines extensive management experience with deep knowledge of every aspect of the international insurance market. Nick played a pivotal role in Bowring Marsh’s creation 14 months ago and has overseen its day-to-day development ever since."

Bacon said: “I am excited to be taking the helm of Bowring Marsh at a time when clients are asking more of their broker in developing and executing their global placement strategies. Bowring Marsh’s robust global platform, built around major geographic hubs, provides significant value to our clients and is a major differentiator for Marsh. I look forward to sustaining Bowring Marsh’s global success as we respond to our clients’ needs and to marketplace opportunities.”

Moczarski added: “I would like to take this opportunity to thank Mark Gregory for his considerable contributions to Marsh. We look forward to continuing our links with him in his new role.”