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Marsh, the professional services firm providing insurance, risk management and advisory services, has appointed Marcus Baker to the newly created role of Chairman of Marine, Cargo, and Logistics at Marsh Risk.
Michael Walls has been named as Baker’s successor as Global Head of Marine, Cargo, and Logistics, Marsh Risk.
Both appointments are effective 1 January 2027, and will have the same reporting line to Andrew George, President of Specialty and Industry, Marsh Risk.
In his new role, Baker will continue to support Marsh colleagues globally, maintain key client relationships with global markets, and lead strategic initiatives closely tied to the movement of world trade.
Baker has 45 years of industry experience and is a global marine insurance industry veteran. He has been a central figure in shaping Marsh’s Marine, Cargo, and Logistics business over the past 32 years.
Walls’ remit now includes leading the global strategy of Marsh Risk’s Marine, Cargo, and Logistics business. He joined Marsh in 2005 and has deep expertise as a maritime professional. Walls currently serves as Head of Marine, Cargo, and Logistics for Marsh Asia.
George commented on the appointments, “With around 80% of world trade by volume carried by sea, Marsh’s Marine, Cargo, and Logistics team plays a vital role in supporting clients as they navigate the movement of global trade, supply chain performance, and geopolitical uncertainty.
“Marcus and Michael’s leadership will drive continued growth for our clients and strengthen Marsh’s position as a trusted advisor in this critical segment of the global economy.”
Walls added, “The marine, cargo, and logistics sector is currently facing a wide range of unprecedented challenges and clients are increasingly looking to Marsh for greater clarity and innovative solutions to navigate these rapidly evolving risks.
“Working closely with Marcus and our regional leadership, I will focus on delivering the service excellence that our clients rightly expect, while advancing Marsh’s market leadership at the forefront of maritime risk management.”
The post Baker appointed Chairman and Walls Global Head of Marine, Cargo, and Logistics at Marsh Risk appeared first on ReinsuranceNe.ws.
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