Mercer Marsh Benefits (MMB), Marsh & McLennan Companies’ (MMC) international employee benefits business, today announced the appointment of Hervé Balzano as Leader of MMB International. Mr. Balzano will join the firm on 18 March and report to Flavio Piccolomini, President of Marsh’s International Division, and Martine Ferland, currently Group President of Mercer and, from 1 March 2019, President and CEO.
In this role, Mr. Balzano will be responsible for ensuring MMB meets the increasing demand for health and employee benefits, especially in global growth markets, as well as enabling firms to balance the need to attract and retain top talent by expanding their benefits offering while managing medical cost inflation. He will be based in London and also serve as MMB Leader for Europe.
Mr. Balzano brings over 20 years of international experience in the insurance and employee benefits industry, most recently as global CEO of Credit & Lifestyle Protection at AXA Partners, based in London. Previously, he served as Head of Employee Benefits for AXA’s US business.
Commenting on the appointment, Ms. Ferland said: “As firms around the world compete for talent and seek to increase workplace engagement, they are increasingly looking to their employee benefits programme to give them a competitive advantage. With his long experience in building compelling solutions globally, Hervé is well-placed to lead the rapidly-expanding MMB business.”
Mr. Piccolomini added: “Firms want to assist their employees to maintain a healthy lifestyle while effectively managing the increases in associated health-related costs, which are often well above inflation. By ensuring we bring together our full suite of consulting, broking and technology solutions and services, Hervé will ensure we are able to meet the challenges of this fast-evolving sector.”
About Mercer Marsh Benefits
Mercer Marsh Benefits provides clients with a single source for managing the costs, people risks and complexities of employee benefits. The network is a combination of Mercer and Marsh local offices around the world, plus country correspondents who have been selected based on specific criteria. Our benefits professionals located in 135 countries and servicing clients in more than 150 countries, are deeply knowledgeable about their local markets. Through our locally established businesses, we have a unique common platform which allows us to serve clients with global consistency and locally unique solutions. Mercer and Marsh are two of the Marsh & McLennan Companies, together with Guy Carpenter and Oliver Wyman.