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Marsh unveils parametric, captives business 

Marsh has launched a practice called Global Alternative Risk Solutions, offering expertise in parametric cover, alternative risk transfer, captives and complex risk.

New York-based Christophe Letondot heads the new unit, reporting to Marsh Specialty and Global Placement President Pat Donnelly.

Mr Letondot says his new role is “an incredible opportunity to drive innovation and shape the future of risk management. We will embrace data-driven insights and cutting-edge technologies to unlock new opportunities and empower our clients to thrive in an increasingly complex risk landscape.”

Mr Donnelly says Global Alternative Risk Solutions represents “our commitment to being the risk adviser of the future”.

The practice sits alongside Marsh’s specialty, global placement, captive solutions and advisory businesses.

Mr Letondot has spent nearly a decade with Marsh and was most recently US and Canada credit specialties practice leader for six years, responsible for trade credit, political risk/structured credit, and parametric solutions teams.