Marsh targets UK mid market firms with new product

Broking powerhouse Marsh has launched a new commercial insurance solution for UK mid market companies called Resilience.

Marsh said the solution, backed by a panel of 10 insurers, is designed to give companies simpler, stronger and more comprehensive protection from the critical risks that face them. It includes a risk management element in addition to insurance.

The broker said Resilience has easy to follow policies that make what is covered clear and offers improved protection against major threats, including cyber risk.

It also offers enhanced claims preparation and advocacy services and “exclusive” risk management services, which are part-funded by the insurers. These are designed to help clients in areas such as property risk control services and health and safety management.

Marsh UK and Ireland chief executive Mark Weil (pictured) said: “Mid-sized firms’ risk needs have become increasingly complex in recent years, yet the insurance market has not focused on this crucial sector of the UK economy.

“Resilience is designed specifically for mid-sized firms. It offers simplified and price-tested insurance, as well as risk management and claims support, so that clients are clear about what’s covered and can get the support they need.”

Marsh corporate business chief executive Joe Grogan added: “Insurance needs to be more than just a passive policy waiting for a claim to happen. With Resilience, we can enable mid-sized firms to manage their risks, obtain simple and comprehensive insurance that often goes beyond what is currently available, and be confident that claims will be dealt with as quickly as possible.”

Marsh has made a big push into UK commercial insurance with its acquisitions of Jelf and Bluefin, both of which were large brokers in their own right.