Marsh, a global professional services firm specialising in risk, strategy and advisory services, has launched Archer by Marsh to service asset managers, as well as life and annuity insurers, in establishing and operating reinsurance businesses.
The new unit will be led by Faisal Haddad, a Bermuda-based member of Oliver Wyman’s actuarial practice, as Chief Executive Officer, pending receipt of all necessary approvals.
Archer by Marsh caters to clients that are exploring new ways to manage and finance insurance liabilities, as it will work with clients to make product, asset, capital, and operating decisions as one simple set, then establishes the vehicle to carry them out.
As part of the Archer by Marsh offering, Marsh has formed Mangrove ISAC Life Re, a Bermuda-based incorporated segregated accounts company that facilitates sidecar and affiliate reinsurance solutions.
Archer by Marsh combines actuarial, capital, risk, reinsurance, life and annuity insurance management, and regulatory expertise to design tailored structures, and will support clients through regulatory approval, establishment, and ongoing operation.
Marsh explained that these structures can include standalone reinsurance vehicles, special purpose reinsurers, and dedicated reinsurance cells or incorporated segregated accounts (cells).
Haddad commented on the launch, “Successfully establishing and operating a vehicle of this kind requires a combination of capabilities across reinsurance, structuring, operations, governance, and regulation, and Marsh is uniquely positioned to bring these competencies together in a single vehicle.
“Its open-architecture model will harness the full breadth of Marsh’s capabilities alongside our strategic partner ecosystem, allowing us to assemble the right expertise around each opportunity and develop solutions built around each client’s specific needs. Just as importantly, Archer by Marsh provides the infrastructure to put those structures into operation, giving clients a powerful new way to access and participate in the asset-intensive reinsurance market with confidence.”
David Weinsier, Partner and Chief Growth Officer for Oliver Wyman Actuarial and Insurance & Asset Management, added, “The global insurance industry is changing rapidly, and our clients are looking beyond traditional solutions to unlock new avenues of growth, expand their global reach, and capture greater capital and technological efficiencies.
“Archer by Marsh represents a differentiated model to meet those ambitions – bringing together capabilities from across our organization to serve our clients in ways that transcend conventional advisory and brokerage models.”
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