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Marsh names Lorraine Stack as Risk Management Leader, Europe

6th February 2024 - Author: Saumya Jain

Marsh, the insurance broker and risk advising arm of Marsh McLennan, has appointed Lorraine Stack as the Risk Management Leader, Europe, effective immediately.

marsh-logoStack’s remit in the new role at Marsh will include responsibility for the portfolio of its largest European clients, supporting them in managing their risk and insurance programmes.

She will also work closely with Marsh’s Risk Management leaders to develop a unified client strategy across the region, with a key focus on collaboration and growth.

Based in Dublin, she will report to Christos Adamantiadis, Chief Executive Officer, and Carolina Klint (whom she succeeds), Chief Commercial Officer, Marsh McLennan Europe. Stack will also retain her position as Chair of Marsh Captive Solutions’ Dublin Captive Management office.

Stack joined Marsh in 1996 and has held numerous senior international positions within Marsh Captive Solutions. Collectively, she has over 30 years of experience in broking and underwriting.

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Adamantiadis commented, “Lorraine is widely recognised and respected among her peers as one of the industry’s foremost thinkers on risk and resilience, and how insurance can be used to create a competitive advantage. She is a wonderful addition to the European leadership team and will play a key role in delivering the best of Marsh to our clients across Marsh McLennan.”

The firm has also named Rob Geraghty to succeed Stack as International Consulting and Sales Leader, Marsh Captive Solutions. Meanwhile, Nick Gale has been promoted to Dublin and Isle of Man Captives Operations Leader. Both the appointments are effective immediately.

Geraghty is based in London and Gale is based on the Isle of Man who will both report to Will Thomas-Ferrand, International Captive Practice Leader, Marsh.

Geraghty’s remit in the new role includes leading a team of sales and consulting professionals responsible for new business initiatives and captive consulting across the United Kingdom, Ireland, Europe, the Middle East, Africa, and Asia Pacific.

He joined Marsh in 2011 with extensive international captive consulting, management, and sales expertise, having held roles in Bermuda, Gibraltar, and Dublin. Most recently, Geraghty has led international sales for Marsh Captive Solutions for the past five years.

Gale will further strengthen the close working relationship between the two offices and focus on developing complementary solutions and services that benefit Marsh Captive Solutions’ clients.

He joined Marsh in 1998 and has held a variety of senior-level roles in the Cayman Islands, London and the Isle of Man, including Advisory Practice Leader for Europe, Middle East, Africa, and Asia Pacific.

Thomas-Ferrand further added, “The growing popularity of captive insurance solutions globally is continuing apace amid challenging insurance market conditions, which is contributing to innovation in captive structures, servicing, regulation, and greater adoption in numerous countries.

“Rob and Nick’s rich knowledge of the international captive insurance sector will be invaluable as Marsh Captive Solutions continues to develop new solutions that support our clients in managing their rapidly evolving risks.”

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