London, 27 July 2010 – Marsh has appointed Martin Clark as its global Energy Practice Claims Leader. Based in London, Mr Clark will have overall responsibility for managing the claims of Marsh’s energy clients worldwide.
Mr Clark previously had responsibility for Marsh’s UK Energy Claims team. He has worked in the insurance industry for over 25 years and joined Marsh in February from a global insurer, where he ran a claims department dealing with high value energy, property and construction claims.
Commenting on Mr Clark’s new role, Jim Pierce, Chairman of Marsh’s Global Energy Practice, said: “The global energy sector has experienced an extremely tumultuous six months, which have underlined the necessity for thoroughly tested risk management strategies and complementary insurance programmes. The fundamental reason why companies buy insurance is to protect their balance sheets and income statements in the event of a loss. Under Martin’s expert guidance, the global Energy Practice Claims team will help ensure that our clients’ claims are resolved expeditiously, with minimum impact on their business.”
Mr Clark added: “Due to the nature of its operations, the global energy sector produces some of the insurance industry’s largest and media-intensive claims. The often complex nature of the losses and the structure of the insurance provision concerned - typified by recent events in the Gulf of Mexico - require a truly global service delivery capability.
“The sole focus of Marsh’s claims team is to ensure that the insurance product purchased by our client is delivered. Marsh offers its global energy clients a comprehensive broking and claims service which, in the event of an incident, will work together seamlessly to ensure a return to ‘business as usual’ as quickly as possible.”
About Marsh
Marsh, a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 26,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a wholly owned subsidiary of
Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 53,000 employees worldwide and annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the parent company of
Guy Carpenter, a global leader in providing risk and reinsurance intermediary services;
Mercer, a global leader in human resource consulting and related services; and
Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter
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