Reinsurance News

Marsh names CEO & Client Director of UK Real Estate Practice

19th June 2019 - Author: Matt Sheehan

Global re/insurance broker Marsh has announced the appointments of Tim Scoble as Chief Executive Officer (CEO) of its UK Real Estate Practice, and Mark Lumley as Client Director.

MarshPart of Marsh JLT Specialty, the UK Real Estate Practice provides insurance and risk advisory services to real estate owners, operators, managers, and developers.

Joining later this year, Scoble will be tasked with developing strategic solutions for the Practice that will assist clients in managing their risk.

He will arrive from Aon, where he has worked as Head of the UK Real Estate Practice since 2016, having joined the firm in 2008.

Scoble has 30 years’ experience in the re/insurance industry, with previous positions including Leadership Partner within the Property Investors Division at Willis Towers Watson.

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In his new role, he will report to Paul Moody, CEO of Marsh JLT Specialty, UK.

Lumley, meanwhile, will assume responsibility for client leadership and the strategic management of key accounts, and will report to Scoble.

He returns to Marsh later this year from Howden, where he has been Head of Real Estate since 2015.

Lumley was a Senior Vice President within Marsh’s UK Real Estate Practice from 2007 to 2015, before which he was a Development Director at JLT for three years.

“The UK real estate industry is faced with an increasingly complex and fast-moving risk environment, due to issues such as rising construction costs, fires or natural hazards, cyber-attacks, and terrorism,” said Moody.

“We’re delighted to have experts of Tim and Mark’s calibre joining our team,” he continued. “With their combined leadership and deep industry knowledge, our UK Real Estate Practice will be well-placed to deliver unrivalled advice and solutions to clients across the UK.”

Chris Lay, CEO for Marsh UK & Ireland, also commented: “Tim and Mark’s appointments underline Marsh’s commitment to the UK real estate industry and our significant investment in the firm’s market-leading capabilities.

“We welcome Tim and Mark to the UK Real Estate Practice, as we continue to deliver the services and solutions our clients require to mitigate the mounting challenges they now face, and contribute to their long-term success.”

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