Marsh announces new UK chair as insurance veteran to depart

Marsh has appointed Nigel Hinshelwood as its new UK chair.

Hinshelwood will succeed Tom Colraine and is set to take up his new role on 31 March 2025.

He brings a range of experience to the broker, having served as a non-executive director in the financial services and insurance sector.

Places where he has held the role include Lloyd’s franchise board and Nordea. He was also the chair at Axa XL during his career.

He currently holds several external appointments, including being a senior independent director at Lloyds Bank, as well as an international advisory council member at Adobe Systems Software.

Prior to his board appointments, Hinshelwood held several executive roles at HSBC, including UK head, deputy chief executive, global head of operations and head of HSBC Insurance Holdings.

Chris Lay, chief executive at Marsh McLennan UK, said: “Hinshelwood brings extensive experience of operating in the financial services sector to this role, both in the UK and worldwide.

“His advice will be invaluable as we enhance our operations, develop innovative solutions for our clients and grow our UK business.”

Hinshelwood added: “Marsh plays a critical role in helping businesses successfully navigate and mitigate the increasingly complex and global risks facing their operations. I look forward to working with the board, Marsh’s executive leadership team and the firm’s colleagues as we continue to nurture our talent and develop the UK business.”

Veteran departs

Insurance veteran Colraine was announced as Marsh’s UK chair in 2021.

He held many senior roles during his career, including chief financial officer at AIG Europe and chief operating officer at AIG UK.

Prior to AIG, Colraine worked at Willis Group Holdings for nearly 20 years, from 1988-2007, where he held several senior leadership positions.

This included chief financial officer and vice chairman.

Lay said: “I would like to thank Colraine for the significant contribution he has made to our firm.

“I have hugely valued his leadership and counsel over the years and wish him all the best for the future.”