Marsh Global Broker Announces New Director of Aviation, Construction, Credit Specialties, Energy and Power, Financial and Professional Lines (FINPRO) and Marine, Cargo and Logistics, as well as Private Equities, Mergers and Acquisitions (PEMA), Michael PELLEGRINI, a San Francisco native, has joined the firm more than two decades ago and has held a variety of leadership roles within the firm’s marine and cargo segments.
He will report to the President of Specialty and Global Placement, Pat Donelly, and will serve as the North American Marine, Cargo & Logistics Practice Leader of the Global Broker until a successor is appointed.
“Michael is an exceptional leader with a wealth of experience within the firm, a strong talent focus, and a proven track record of success,” Donelly said. “I am confident that our colleagues and clients in the United States and Canada will benefit greatly from Michael’s leadership in navigating today’s challenging risk environment.”
“I’m thrilled to be leading this team of talented professionals at Marsh during this dynamic time,” Pellegrini said. “Together, we are committed to exploring new possibilities and delivering exceptional value to our clients.”
The global business named Michelle Sartain, who Pellegrini succeeds, as Marsh president of US and Canada in July.
Sartain, who Marsh said Pellegrini is set to work closely with, had been head of the US and Canada specialty business since the start of 2022 prior to her promotion, which was announced in tandem with Donelly taking up his current role.
Marsh parent company Marsh McLennan unveiled its first half results in July, reporting rising consolidated revenue of $11.8 billion. Marsh itself saw revenue growth of 9% for the first six months of the year.