Marsh, the insurance broking division of Marsh McLennan, has appointed Stephen McKay as UK Advisory Leader, where he will be based in London, reporting to Chris Lay, CEO, Marsh McLennan UK and Giampaolo Scarso, Advisory Leader, International, Marsh, subject to regulatory approval.
At the same time, it has also been confirmed that McKay will join Marsh’s UK Executive Committee too.
Currently, McKay serves as the Property Practice Leader for Marsh Advisory in North America, a position he has held for
over four years.
Boasting three decades of experience with advising on risk programmes across various industries, McKay’s deep expertise
includes areas such as major hazard assessment, M&A due diligence and environmental controls.
As UK Advisory Leader, McKay will lead Marsh’s UK strategic and operational risk consulting teams. As well as this, he will also be expected to support the advancement of Marsh’s analytics and claims solutions capabilities.
The role will see him work closely with clients in key areas including reducing the cost of risk, increasing resilience, and providing risk finance decision-making insights.
Addressing his appointment, McKay, said: “Organisations in the UK are undergoing vast transformation across all areas of their operations and require innovative solutions to help them manage a variety of emerging risks. I look forward to leading the UK Advisory team and supporting them in their provision of meaningful data and foresight for clients so that they have the insights they need to remain resilient.”
Commenting on McKay’s appointment, Lay said: “Our UK advisory business is a hub of deep industry expertise, advanced analytics, and specialist global knowledge. With increasing uncertainty around the challenges that lie ahead, whether they be geopolitical, technological or commercial, Stephen will play a crucial role in ensuring our UK clients remain optimistic about their growth opportunities.”
