Marsh lands ex-AXA XL/AIG leader to drive alternative risk transfer business in UK & Ireland

Global broker  Marsh has hired senior AXA XL executives to lead its alternative risk transfer (ART) business in the UK and Ireland.

Matthew Latham (pictured) was head of global programmes and captives at AXA XL for seven years. He has over 25 years’ specialist industry experience in underwriting and broking, including at AIG where he led the UK ART underwriting team.

In his new role based in London, Latham will advise Marsh clients on risk finance optimisation with a focus on alternative solutions including structured reinsurance, legacy transactions, and other bespoke insurance options. As part of Marsh’s UK Financial Solutions Group, he will advise clients and colleagues in managing unusual or complex risks and insurance structures.

Additionally, Latham will play a key role in product innovation, particularly in the areas of complex programme design relating to captives, climate and sustainability, and parametric solutions. He will work closely with Ryan Bond, head of climate and sustainability insurance innovation, and Tom Markovic in Marsh’s Parametric Solutions Center of Excellence. He will report to Charlie Netherton, Marsh's head of advisory services & strategy, UK & Ireland.

Netherton said: “The COVID-19 pandemic has exposed significant gaps in operational resilience. As we move towards recovery, the insurance industry has a crucial role to play in developing new, alternative solutions that help organisations build stronger defences to future shocks.

“Matthew is a highly-respected professional in the area of alternative risk transfer and has a strong reputation in developing leading market solutions that benefit clients in managing their most complex risks. We welcome him to Marsh and look forward to working with him in this important part of the business.”

Latham added: “Challenging conditions in the conventional insurance market and an evolving corporate risk landscape are fuelling the need for alternative risk solutions in critical areas such as supply chain, weather, and reputation risk. Marsh has been at the forefront in driving market innovation around alternative risk transfer; I am excited to join the firm and support our clients in managing these risks.”

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