NEW YORK--(BUSINESS WIRE)--Marsh, a global leader in insurance broking and risk management, today announced two executive appointments.
Michael Cormier, who most recently led Marsh Risk Consulting, has been named to the position of head of Portfolio Development. In this role, Mr. Cormier will support Marsh in accelerating growth and development through acquisitions, strategic alliances, and partnerships in line with the firm’s strategic priorities. He is based in New York and will report to Courtney Leimkuhler, who will assume the role of CFO of Marsh on March 1, 2015.
In addition, Michael Poulos has joined Marsh as head of Client Advisory Services. In this role, Mr. Poulos will oversee Marsh Risk Consulting and Claims Advocacy with responsibility for aligning these offerings to ensure Marsh delivers industry-leading advisory and claims services to clients around the world. Mr. Poulos joins Marsh from Oliver Wyman, an operating company of Marsh & McLennan Companies, where he most recently was head of the New York office, and the leader of the firm’s Financial Services business in the Americas. Mr. Poulos is based in New York and will report to John Drzik, president, Global Risk and Specialties.
Commenting on the appointments, Peter Zaffino, president and CEO of Marsh, said: “Michael Cormier and Michael Poulos are proven leaders with excellent track records of delivering sustained growth and world-class advisory services. With these appointments, Marsh will be better positioned to expand the firm’s capabilities to assist our clients to thrive in today’s increasingly challenging risk environment.”
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 26,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @MarshGlobal, or on LinkedIn, Facebook, and YouTube.