Marsh president steps down; successor named
Marsh has recruited Martin South as president of its US and Canada division.
Starting on September 1st, South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office, with the responsibility of managing the company’s US core brokerage, businesses in Canada and portfolio of US businesses encompassing industries and practices.
Prior to this appointment, South served as chief executive officer (CEO) of Marsh’s Asia-Pacific area since 2013.
South will be replacing former Marsh president, Rob Bentley, who has moved on to work on strategic initiatives across Marsh & McLennan Companies’ risk and insurance services segment, which involves Marsh and Guy Carpenter.
South has previously worked as a veteran insurance industry executive, with 30 years of global operating experience, and before that he has served as CEO of Marsh Europe.
Before that he was the CEO of Marsh UK & Ireland. His industry experience also includes senior leadership roles at Zurich Financial Services, where he was a member of the group management board and was in charge of all of Zurich’s operations outside North America and Europe.
“I look forward to working closely with Martin to deliver superior value to our clients in the US and Canada at this important time in our industry,” Doyle said.
Peter Zaffino, CEO of Marsh, and Chairman of Marsh & McLennan Companies’ Risk and Insurance Services, said: “Martin is a highly accomplished and talented executive who’s consistently produced results in important Marsh leadership roles around the world. I’m delighted to have Martin leading our North American business.”
As well as the appointment of South, Marsh Asia has appointed David Jacob as its CEO of Marsh’s business based in Singapore. He will also be reporting to Doyle. Jacob has had 26 years of experience with Marsh, including 21 years in Asia.
Jacob most recently served as Asia sales and specialty leader and prior to that he held the position of CEO of Marsh Hong Kong and Marsh Philippines.
