Insurance broker Marsh, and a business of Marsh McLennan, has announced the appointments of Beth Thurston as CEO of UK Risk Management, and Hema Mistry as CEO of the UK Financial and Professional (FINPRO) business.
Thurston will report to Nick Harris, CEO of Retail, Marsh UK, and Mistry will report to Dominic Samengo-Turner, CEO, UK, Marsh Specialty. Both will be based in London.
In her new role as CEO, Effective 1 January 2024, Thurston will have overall responsibility for the strategic management and implementation of services and solutions that support Marsh’s UK Risk Management clients.
She has worked for Marsh for 14 years and is currently CEO of UK FINPRO. Before joining Marsh, she was a Solicitor of the Supreme Court of England and Wales, an Of Counsel in a city law firm where she specialised in insurance and reinsurance litigation for more than 14 years.
Thurston succeeds Ailsa King, who was announced as Chief Commercial Officer, Marsh McLennan UK, on 6 September 2023.
She commented: “As the business landscape becomes increasingly volatile and uncertain, many UK companies are encountering more complex and rapidly evolving risks stemming from issues such as inflation, regulatory development, and climate change. Building greater resilience to these risks should be a key boardroom priority. I look forward to supporting our UK Risk Management clients in navigating the challenges and opportunities that lie ahead.”
Mistry is succeeding Thurston as CEO of UK FINPRO. She will be responsible for managing the management liability, financial services, professional indemnity, healthcare and specie practices.
She returns to the UK from San Francisco, where she was the West Zone FINPRO Leader for four years. Mistry joined Marsh in 2010 as a Management Liability Wholesale Team Leader in London and has extensive international experience in developing services and solutions for professional risks.
Mistry said: “I am excited to return to the UK next year to lead the UK FINPRO business, and work with our talented team of colleagues to develop new solutions and create additional insurance capacity for our clients’ most challenging professional risks.”
Commenting on the appointments, Chris Lay, CEO, Marsh McLennan UK and CEO Marsh UK, said: “Beth and Hema are highly experienced and talented leaders who throughout their careers at Marsh have demonstrated their ability to deliver outstanding results for our clients. Their appointments reflect our deep commitment to providing clients with exceptional services and solutions to manage their risk and insurance programmes.”
