Operations/tech
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A former NOAA climatologist who left the agency is running the new operation. -
The company is looking to grow through its new MGA incubator program.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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Since Simon Wilson was elevated to insurance CEO, the firm has been refocusing its underwriting.
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The tech subsidiary applied to list its common stock on the New York Stock Exchange under the ticker symbol “XZO”.
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Activists from the left and the right are focusing on insurance, often on the same issues.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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The layoffs will mostly affect workers in Michigan.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The new unit will be led by former Emerald Bay exec George Dragonetti.
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The firm posted trailing 12-month organic growth of 23% YoY supported by a three-pillar strategy.
