Marsh appoints new CEO as Zaffino departs for AIG

Marsh & McLennan Companies has appointment John Doyle as new chief executive officer of Marsh, succeeding Peter Zaffino who has  joined AIG as global chief operating officer.

Doyle will report to Marsh & McLennan Companies president and CEO Dan Glaser and continue to serve on the company's executive committee.

As president and CEO of Marsh, Doyle will continue to oversee the firm’s global brokerage businesses while assuming responsibility for Marsh’s global risk and specialties, portfolio businesses and operational functions.

The company also announced that Peter Hearn, president and CEO of Guy Carpenter, will report directly to Glaser and join the company’s executive committee. The role of chairman of risk and insurance services will not be filled.

Prior to joining Marsh & McLennan as president in 2016, Doyle was chief executive officer for AIG’s commercial insurance businesses worldwide. He was responsible for AIG’s property, casualty, financial lines, specialty lines, institutional markets, and mortgage guaranty products and services. Previously, Doyle served as president and CEO of Chartis US.

"John’s accomplishments and impressive track record of building strong client relationships and inspiring colleagues make him ideal to serve as president and CEO of Marsh," said Dan Glaser, president and CEO of Marsh & McLennan Companies. "Today’s appointment delivers on our strategic commitment to having the deepest and most talented executive leadership team in the industry.

"On behalf of our colleagues and executive committee, I want to thank Peter Zaffino for his meaningful contributions to our firm. We wish him continued success in the next phase of his career."

Zaffino had served as CEO of Marsh since 2011 and as chairman of risk and insurance services since 2015. Prior to that, Zaffino served as president and CEO of Guy Carpenter from 2008 to 2011.

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