Marsh today announced that it has appointed Andrew George to be Chairman of its Global Energy Practice in succession to Jim Pierce who now leads Marsh’s Global Industry Practices group. Mr. George, who was previously Head of Marsh’s Energy Practice for Europe, the Middle East and Africa (EMEA), will report to Mr. Pierce and continue to be based in London.
Marsh also announced that Andrew Herring, currently head of Marsh’s London-based Wholesale Energy Practice, will succeed Mr. George as Head of the EMEA Energy Practice.
Commenting on the announcement, Mr. Pierce said: “With his extensive experience of global energy insurance markets and his deep understanding of the risk issues companies face, Andrew George is one of the most knowledgeable and well-qualified insurance professionals in our industry. Given his strong history of developing innovative solutions to meet the rapidly changing needs of clients, Andrew will be a strong advocate for our clients as we further develop our market leadership serving the global energy industry.”
Mr. George added: “I am excited to be taking on this opportunity at such a challenging time. With companies facing ever-tighter margins and increased regulation, never has the management of operational risks been more crucial to the global energy market. My energy colleagues and I look forward to working with our clients around the world to enable them to deal with these important issues effectively.”
Mr. Herring, who rejoined Marsh from JLT in 2010, began his career at Sedgwick International–later Marsh–in 1987 as a property broker specializing in the energy business and became an assistant director in Sedgwick’s energy team on its formation in 1990.
Commenting on his appointment, Mr. Herring said: “The EMEA region encompasses some of the world’s most promising emerging markets and many of its well-established economies. All of them face increased risks as they find ways to meet the growing demand for energy in uncertain economic times. I relish the task of further developing Marsh’s offering in this diverse region.”