Marsh has announced the appointment of Michele Pignotti as global growth leader, Credit Specialties, effective immediately.
Based in Italy, he will report to Nick Robson, global practice leader, credit specialties, Marsh Specialty.
His work will be based around supporting clients in managing their surety, credit, and political risk and insurance needs, particularly as they adapt to the post Covid-19 trading environment and growing environmental, social, and governance (ESG) regulatory requirements.
Marsh’s credit specialties are delivered to clients through a team of over 800 advisors in 57 countries.
Robson said: “As organisations plan their recovery from the economic impact of COVID-19, credit specialties risk and insurance solutions will be a key enabler of success by supporting sales growth, reducing capital costs, and helping to manage the impact of bad debt.
“Michele is an outstanding individual with extensive international industry experience; we welcome him to the team at this pivotal moment, and look forward to him working with our global clients to support their growth and investment strategies.”
Pignotti added: “As many government backstops come to an end, now is the time for organisations to reassess their credit management strategies and plan for high growth but with increased uncertainty.
“While credit specialties solutions fundamentally offer balance sheet protection, they can also facilitate new sales, secure supply chains, improve cash flow, increase financing lines and reduce borrowing rates, which enables firms to capitalise on growth and investment opportunities securely.”