Marsh has appointed Lorraine Stack as risk management leader, Europe, effective immediately, after a 28-year association with the broker’s captive management business.
Stack will retain her position as chair of Marsh Captive Solutions’ Dublin captive management office.
Rob Geraghty succeeds Stack as international consulting and sales leader, while Nick Gale has been promoted to Dublin and Isle of Man captives operations leader, both effectively immediately.
Stack is based in Dublin and will report to Christos Adamantiadis, CEO, and Carolina Klint, chief commercial officer of Marsh McLennan Europe.
“Lorraine is widely recognised and respected among her peers as one of the industry’s foremost thinkers on risk and resilience, and how insurance can be used to create a competitive advantage,” Adamantiadis said.
“She is a wonderful addition to the European leadership team and will play a key role in delivering the best of Marsh to our clients across Marsh McLennan.”
In her new role, Stack has overall responsibility for Marsh’s portfolio of some of its largest European clients and supporting them in managing their insurance programmes.
She brings over 30 years’ experience in broking and underwriting to the role and succeeds Klint, who was appointed as chief commercial officer, Marsh McLennan Europe, in 2023.
Geraghty is based in London and Gale is based in the Isle of Man, with both reporting to William Thomas-Ferrand, international captive practice leader.
Geraghty leads a team of sales and consulting professionals responsible for new business initiatives and captive consulting across the United Kingdom, Ireland, Europe, Middle East, Africa, and Asia Pacific.
“The growing popularity of captive insurance solutions globally is continuing apace amid challenging insurance market conditions, which is contributing to innovation in captive structures, servicing, regulation, and greater adoption in numerous countries,” said Thomas-Ferrand.
“Rob and Nick’s rich knowledge of the international captive insurance sector will be invaluable as Marsh Captive Solutions continues to develop new solutions that support our clients in managing their rapidly evolving risks.”