Marsh has launched a Global Alternative Risk Solutions practice offering parametric solutions, alternative risk transfer, captives and complex risk.

Global Alternative Risk Solutions aligns existing capabilities from Marsh Specialty, Global Placement, Captive Solutions and Advisory. It also will work with Guy Carpenter to access broad capital pools, including ILS markets, for corporate clients.

Leading the practice is Christophe Letondot, a risk professional with 30 years of experience in financial services, including nearly a decade with Marsh working on ART, structured credit and parametric solutions. He will report to Pat Donnelly, president of Marsh Specialty and Global Placement.

Commenting on the new practice, Pat Donnelly said: "Global Alternative Risk Solutions represents our commitment to being the risk advisor of the future and providing clients with easily accessible, cutting-edge risk management solutions. This practice will empower our clients to navigate the ever-changing risk landscape with confidence and resilience.”

Letondot added: "Leading Global Alternative Risk Solutions is an incredible opportunity to drive innovation and shape the future of risk management. Together, 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."

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