Insurance broker and risk advisor Marsh in May 2016 announced that Nick Durant will lead Marsh’s Global Captive Solutions Practice, taking over from Chris Lay, who has been named President and CEO of Marsh Canada.
Mr. Durant will be based in New York and report to John Drzik, President of Marsh’s Global Risk and Specialties division. Mr. Durant most recently served as Marsh’s global analytics sales leader. Prior to joining Marsh, he spent 14 years with reinsurance broker Guy Carpenter after starting his career as a broker at Sedgewick Re.
Marsh Global Captive Solutions Practice provides advisory solutions and manages more than 1,250 captives worldwide. Marsh & McLennan has annual revenues of US$13 billion and 60,000 employees worldwide. It is the parent company of Marsh; reinsurance broker Guy Carpenter; HR and investment consultants Mercer; and management consulting firm Oliver Wyman.