Marsh appoints new UK & Ireland CEO as Weil departs for PE firm
Insurance broker Marsh has named Chris Lay as new CEO of its UK & Ireland region, succeeding Mark Weil who is leaving Marsh to take up a senior role in the private equity sector.
The company said Lay will be appointed CEO of Marsh’s UK businesses, subject to regulatory approval. Lay will report to Marsh International president Flavio Piccolomini.
Lay will relocate back to London from Toronto, where he has been serving as president and CEO of Marsh Canada. A 30-year veteran of Marsh, Lay has held increasingly senior roles, including president of global captive solutions, head of global sales and business development leader for Marsh International.
The company has appointed Sarah Robson to succeed Lay as president and CEO of Marsh Canada, based in Toronto. Robson will report to Martin South, president of Marsh US and Canada.
Robson is currently a managing director in Marsh’s US business and serves as global relationship manager in its insurer consulting group.
“Our UK & Ireland business has long enjoyed an enviable reputation for the services and solutions it provides to large UK and multinational clients,” said Piccolomini. “More recently, it has also become the UK’s leading SME insurance broker and risk adviser. With a long track record of success working with companies of all sizes around the world, Chris is the ideal leader to further build our client offering in the UK & Ireland.”
Lay added: “As companies face an increasingly complex operating environment – navigating risks such as cyber and Brexit – Marsh is well-placed to be the trusted adviser to firms of all sizes.
"Through its market-leading data and analytics capabilities, Marsh is investing in the innovations that will enable firms to manage these risks more effectively. I look forward to working with colleagues around the region to deliver the risk and insurance services our clients need.”
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