Marsh creates Bowring Marsh as its specialist international placement broker for property and casualty risks

London, 30 June 2008

Marsh, the world’s leading insurance broker and risk adviser, today announced the formation of Bowring Marsh as its specialist international placement broker for property (including terrorism) and casualty risks. Mark Gregory, currently UK head of Marsh’s Global Placement operations, will be CEO of Bowring Marsh, reporting to Alexander Moczarski, president of the International Division of Marsh.

With teams in Bermuda, Dublin, London, Miami, Singapore and Zurich, Bowring Marsh will bring together placement expertise in the main international market hubs into an integrated global network, under a consistent and powerful brand.

Dan Glaser, chairman and CEO of Marsh Inc., said: “Marsh has provided clients with unrivalled access to global markets for generations. In establishing Bowring Marsh, we are responding to our clients’ growing needs and to marketplace opportunities.

“The global insurance market is undergoing an unprecedented period of change, with the creation of new products and capacity all around the world. Bowring Marsh will secure the best terms and conditions for our clients wherever these may be found.”

Mr Gregory said: “With teams located in each of the existing and emerging market hubs, yet united within one seamless organisation, Bowring Marsh will be able to negotiate face-to-face with markets across the globe to achieve the best results for our clients.”

Note to Editors
The name Bowring derives from C T Bowring, one of the first brokers at Lloyd’s. Originally established in 1810, C T Bowring was acquired by Marsh & McLennan Companies in 1980. For decades, C T Bowring served clients from all over the world and was synonymous with excellence in the international market.

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