Marsh shuffles FINPRO leadership to tackle increasingly complex global risk environment

Global broker  Marsh has unveiled key leadership changes in its financial and professional (FINPRO) specialty business, as it looks to bolster its capabilities in an increasingly complex global risk environment amidst rising cyber threats, greater regulatory requirements, and emerging ESG obligations.

Effective January 1, 2022, Paul Denny (pictured left) will become global specialty head, FINPRO, Marsh Specialty; Beth Thurston (pictured middle) UK CEO of FINPRO business; and Stephanie Manson (pictured right) UK management liability leader.

Based in London, Denny will also join the Marsh Specialty global executive committee and report to Lucy Clarke, president of Marsh Specialty and Marsh Global Placement. He will work with the FINPRO leaders across eight global regions to ensure that clients benefit from the knowledge and experience of Marsh Specialty’s team of over 1350 financial lines insurance specialists worldwide.

Denny joined Marsh in 1989 and brings extensive global experience to the role of global head of FINPRO, having worked in the UK, US, and international insurance markets. Most recently, he served as CEO of FINPRO, UK, for three years, managing the management liability, financial services, professional liability, cyber, and specie risk teams. He also advised leading professional service firms and financial institutions, including numerous FTSE100 companies, on their professional risks programmes.

Thurston will succeed Denny as the CEO of FINPRO, UK. Based in London, she will report to Dominic Samengo-Turner, CEO, UK, Marsh Specialty. A key member of Marsh Specialty’s UK FINPRO leadership, Thurston has worked for Marsh for 12 years and currently leads the UK management liability team. A Solicitor of the Supreme Court of England and Wales before joining Marsh, Thurston was an Of Counsel in a city law firm where she specialised in insurance and reinsurance litigation for more than 14 years.

Manson will succeed Thurston as UK management liability leader. Based in London, she will report to Thurston. Manson joined Marsh in 2019 and is currently chief client officer for management liability and head of directors’ and officers’ product. Before joining Marsh, Manson was head of commercial institutions, UK, at AIG. She also previously worked as a lawyer in Washington DC, specialising in insurance disputes.

Clarke said: “Throughout their careers, Paul, Beth, and Stephanie have demonstrated exemplary leadership and unwavering dedication in supporting our clients through often volatile market conditions. Their considerable experience will be invaluable, as we continue to invest in our global FINPRO capabilities, and develop solutions and create capacity for some of our clients’ most challenging risk issues.”

Denny added: “Clients are exposed to an increasingly complex global financial and professional risk environment; in particular, more frequent and intense cyber threats, greater regulatory requirements, and emerging ESG obligations are of mounting concern. I look forward to working with our deep pool of global talent to support our clients in building their defences against these risks, and contributing to their long-term success.”

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