What's Happening?
Marsh, a global insurance broker and risk advisor, has appointed Fred Smith as the Florida corporate and risk management segment leader. Smith will oversee services for large and middle-market clients in Florida. He is relocating to Miami from New York and will report to Megan McClellan, the Southeast zone leader, starting October 1. Smith has previously served as the corporate segment leader for the Greater Mid-Atlantic region, where he led middle-market growth initiatives and client service teams across several states. His background includes founding a luxury hospitality venture and consulting roles with Bain & Co.
Why It's Important?
This appointment is significant as it highlights Marsh's strategic focus on strengthening its presence in Florida, a key market for insurance and risk management services. By appointing a leader with extensive experience in middle-market growth and client service, Marsh aims to enhance its service offerings and client relationships in the region. This move could potentially lead to increased business opportunities and market share for Marsh in Florida, benefiting both the company and its clients. Stakeholders in the insurance industry, particularly those in Florida, may see this as a positive development that could lead to improved risk management solutions.
