Current chief Zaffino to head up Marsh

Broking group Marsh & McLennan Companies (MMC) has named Alex Moczarski as the new chief executive of Guy Carpenter following the appointment of current chief Peter Zaffino as chief executive of Marsh.

Guy Carpenter is MMC’s reinsurance broker, while Marsh is the group’s insurance broker.

Moczarski is currently head of Marsh’s international division, where he is responsible for the insurance broker’s business outside the US and Canada. He joined Marsh in 1993 from AIG.

"As head of Marsh's international operations, Alex led one of the most profitable and fastest growing parts of the entire corporation,” said MMC chief executive Brian Duperreault in a statement. “His deep knowledge of the insurance industry and international markets will enable him to continue the great progress made by Peter Zaffino."

As the new chief executive of Marsh, Zaffino will replace current CEO Dan Glaser, who has been named president and chief operating officer of the MMC group – a newly created position.

Zaffino had been Guy Carpenter’s CEO since early 2008, having taken the reins from David Spiller. Spiller replaced Zaffino’s father, Salvatore Zaffino, in 2006.

"During his tenure at Guy Carpenter, Peter built and led a team that significantly improved performance, solidified the company's standing as one of the world's leading reinsurance intermediaries, and positioned the firm as a leading, broad-based risk advisor for the insurance industry,” said Duperreault.