Marsh, the insurance broking division of Marsh McLennan, has established a new unit which combines its expertise and strategy in parametrics, alternative risk transfer, captives, and complex risk under a single practice, called Global Alternative Risk Solutions.
The new practice will be led by Christophe Letondot, an experienced financial services professional with three decades of experience, including nearly 10 years with Marsh working on alternative risk transfer, structured credit, and parametric solutions.
Letondot will report to Pat Donnelly, President of Marsh Specialty and Global Placement, and will work closely with John Donnelly, Global Head of Placement, and other leaders at the insurance broker to seamlessly integrate and deliver capabilities to clients.
Global Alternative Risk Solutions, explains Marsh, will leverage the broker’s resources, data, and technologies to push for innovation and accelerate the creation of new solutions.
The practice aligns with existing capabilities from Marsh Specialty, Global Placement, Captive Solutions, and Advisory.
The new practice will also work with Guy Carpenter, Marsh McLennan’s reinsurance broking arm, to access broad capital pools, including insurance-linked securities markets, for corporate clients.
“Global Alternative Risk Solutions represents our commitment to being the risk advisor of the future and providing clients with easily accessible, cutting-edge risk management solutions. This practice will empower our clients to navigate the ever-changing risk landscape with confidence and resilience,” said Donnelly.
Letondot commented: “Leading Global Alternative Risk Solutions is an incredible opportunity to drive innovation and shape the future of risk management. Together, we will embrace data-driven insights and cutting-edge technologies to unlock new opportunities and empower our clients to thrive in an increasingly complex risk landscape.”
