Marsh has launched Global Alternative Risk Solutions, a new practice which will encompass its expertise in parametric solutions, alternative risk transfer, captives and complex risk.
Global Alternative Risk Solutions will align existing capabilities from Marsh Specialty, Global Placement, Captive Solutions, and Advisory.
The new practice will be led by Christophe Letondot, a professional with 30 years of experience in financial services, including nearly a decade with Marsh working on alternative risk transfer, structured credit and parametric solutions.
“Leading Global Alternative Risk Solutions is an incredible opportunity to drive innovation and shape the future of risk management,” Letondot said.
“Together, we will embrace data-driven insights and cutting-edge technologies to unlock new opportunities and empower our clients to thrive in an increasingly complex risk landscape.”
The new practice will also work with Guy Carpenter to access capital pools, including insurance linked securities markets for corporate clients.
Letondot will report to Pat Donnelly, president of Marsh Specialty and Global Placement, and work closely with John Donnelly, global head of placement, as well as other Marsh leaders.
“Global Alternative Risk Solutions represents our commitment to being the risk advisor of the future and providing clients with easily accessible, cutting-edge risk management solutions,” Donnelly said.
“This practice will empower our clients to navigate the ever-changing risk landscape with confidence and resilience.”