Marsh, the world’s leading insurance broker and risk adviser, has announced the formation of an Automotive Practice covering Europe, the Middle East and Africa (EMEA). The new practice, which will service automotive manufacturers and their main suppliers, will be led by London-based Nao Muramatsu. He will report to Mark Pollard, Head of Industry Specialisation in EMEA.

The practice will focus on operational and hazard risk consultancy as well as insurance programme design, optimisation and placement. Alongside the conventional lines of insurance, Marsh will offer a range of solutions such as industry-related consumer schemes, marketing and sport sponsorship protection as well as brand risk management advice.

Commenting on the launch, Mr Muramatsu said: “The challenges to the automotive industry brought about by the global financial crisis have highlighted its structural and operational vulnerability. Our new practice brings together Marsh’s many colleagues with expertise in the sector, both in this region and globally, who can help automotive companies and their suppliers manage these rapidly-evolving risks. Moreover, it will enhance our ability to produce relevant, compelling and innovative solutions.”

Mr Pollard said: “Marsh’s primary role is to help our clients navigate through the complexities of risk. Our industry approach enhances our ability to understand the real sector-specific issues our clients face and to match solutions more effectively to their risks. The automotive industry is going through a period of transformation, which makes effective risk management more critical than ever.

"Nao has great experience in the automotive sector, gained both in Europe and Japan. His experience and his leadership will enable us to bring the best industry expertise to our clients.”