Marsh McLennan has announced the appointment of Nick Harris as the Chief Executive Officer of UK Retail, Marsh. The appointment is subject to regulatory approval and is effective starting January 1st, 2024.
Simultaneously, Ailsa King has been named the Chief Commercial Officer of Marsh McLennan UK, effective immediately.
Both appointments are based in London and report to Chris Lay, CEO, Marsh McLennan UK and CEO Marsh UK.
Lay commented on the appointments, “Ailsa and Nick are among the firm’s most experienced leaders and understand the importance of delivering services and solutions that help clients address risks at increasingly critical intersections in their organisations.
“Under their leadership, Marsh McLennan colleagues across the UK will be in an even stronger position to deliver greater client value.”
In his role, Harris will be responsible for Marsh’s UK Commercial, Corporate and Risk Management client segments and Advisory services, ensuring the clients have access to a wide range of services and solutions to meet their risk and insurance needs.
Harris returns to London from Australia, where he has been serving as the CEO of Marsh’s Pacific region for the last four years.
Harris is a market veteran with over 20 years of experience in the insurance industry, having worked in senior roles across the UK and Australia. Prior to this, he was CEO of JLT Australia and New Zealand.
Harris added, “In a volatile and uncertain environment businesses are facing rapidly evolving and more complex risks, and building resilience to new and emerging risks is a leadership priority for UK organisations. I look forward to returning to the UK to work with our UK Retail colleagues around the country, and supporting our clients in the challenges and opportunities they face.”
King’s remit in the new role will be working closely with Lay to enhance opportunities for collaboration that deliver greater client impact. She will also lead a new Commercial leadership structure to drive the firm’s collaborative approach that will deliver enhanced innovations for clients.
King is a market veteran with over 30 years of experience in senior broking and risk advisory roles to the position. She joined Marsh in 2017 as UK Chief Client Officer, leading the development of solutions that support clients in mitigating their key risk management challenges.
Prior to that, King also served as CEO of Marsh’s UK Risk Management client segment, which is focused on serving the needs of Marsh’s largest and most complex clients.
King concluded, “As the issues and risks our clients face have changed and grown in complexity, so our approach to serving our clients has evolved. Across Marsh McLennan we have great businesses, brands, talent and momentum. By bringing together the best of Marsh McLennan, we will find new ways to solve our clients’ challenges and find new opportunities. I look forward to supporting clients as they navigate their way through a new world of increasingly interconnected risks.”
