Marsh has promoted Nick Durant, formally at Guy Carpenter, to the role of Global Captive Solutions practice lead. Durant's new mandate includes expanding the arm's footprint and taking command of the unit's more than 430 experts.
Nick Durant, in his most recent position, served as the global analytics sales leader at Marsh, taking responsibility for the institutionalisation of analytics proposition within the firm’s assortment of core offerings. Durant previously worked at Guy Carpenter, between 1998 and 2012, in a range of leadership roles at the reinsurer.
Durant has per 1 July 2016 been promoted to the role of leader of Marsh’s Global Captive Solutions practice. Durant will take responsibility of the nearly 50 year old arm of the firm and will lead more than 430 experts managing 1,250 captive insurers globally. Durant takes up station in New York and reports to John Drzik, President of Marsh’s Global Risk and Specialties division. His predecessor, Chris Lay, takes over the leadership of Marsh Canada as its President and CEO.
“Strategic advice and capital-based solutions have never been more critical for our captive clients,” Drzik says. “I am confident that Nick’s leadership will help us build on our current growth momentum and accelerate our innovation of new solutions.”
Durant adds: “As the world’s largest captive manager, organisations come to Marsh for a one-stop approach to innovative captive solutions, including advice, implementation, management, and actuarial services. I’m excited to lead this distinguished team and build on its success.”