New York, December 10, 2012
Marsh today announced that Douglas Schwab has rejoined the firm as its new East and Central Zone Mining Leader.
In this newly-created position, Mr. Schwab will be responsible for ensuring consistent delivery of advisory and transactional services to Marsh’s clients in the East and Central zones, which include offices in 30 states. Based in Pittsburgh, Mr. Schwab will report to Ken Sloan, Marsh’s US Mining Practice Leader.
Mr. Schwab brings to Marsh more than 30 years of mining and energy insurance industry experience, as a broker, underwriter, and risk management professional. He rejoins Marsh from Wells Fargo Insurance Services, where he was a senior vice president within its energy and mining practice. He has also held positions at Chubb, Consolidated Natural Gas Company, and Marine Office of America Corporation. He was previously an account executive and producer in Marsh’s Pittsburgh office from 1987 to 1991.
Commenting on the appointment, Mr Sloan said: “Adding Doug Schwab’s extensive knowledge of the mining and energy industries, including his background as a risk management professional, will enable Marsh to continue to provide our clients with the deep advice and support that they need to manage their unique insurance and risk management needs.”
Mr. Schwab added: “Mining companies require innovative and effective solutions to address a range of new challenges and risks, including expanding government regulation, potential industry consolidation, and evolving business models and operational practices. I am excited to be rejoining Marsh and build on its success as the world’s leading mining insurance broker.”