Marsh launches NAT CAT Pack to deliver specialist risk and insurance service

London, 7 June, 2011 – The devastating impact of natural catastrophes on the global economy has brought into sharp focus the growing need for specialist risk management advice and post-loss support.

To assist clients in managing their natural catastrophe risks more effectively and having an expeditious recovery from any losses, Marsh today launches its NAT CAT Pack, a comprehensive suite of services which includes a new reporting service using Munich Re GeoSpatial Solutions’ natural hazards risks database, ‘NATHAN’.

Under the global licensing agreement with Munich Re, Marsh clients will have exclusive access to a unique combination of NATHAN and Marsh’s natural catastrophe experts, allowing for portfolio assessment analyses of natural hazard exposures at their own worldwide locations, as well as those of their suppliers.

Ron de Bruijn, Managing Director, Marsh Risk Consulting, commented: “This year, firms around the world have suffered heavily from losses associated with natural hazards at a time when economic recovery is still very fragile. Businesses, their suppliers and investors simply cannot afford to continue to lose revenue in this way.

“By leveraging the data available through NATHAN and accessing Marsh’s specialist expertise, clients are able to make more informed risk management decisions about loss prevention and resilience, loss mitigation and risk transfer in relation to their natural catastrophe exposures.”

Among the services Marsh clients will be able to access are: NAT CAT Exposure Assessment; NAT CAT Modelling; Environmental Impairment Study; events based scenario workshops, specialist NAT CAT insurance placement and Claims preparation/management.

Caroline Woolley, EMEA Property Practice Leader at Marsh, said: “Insurers are assessing natural catastrophe risks much more robustly after a series of heavy losses. By being able to present a clear analysis of their catastrophe portfolio to insurers, including the loss prevention and mitigation work completed, Marsh clients can gain a stronger negotiating position which allows for more competitive insurance rates and wider coverage options.”