Marsh Launches Archer to Help Asset Managers Scale Reinsurance Operations

Marsh (NYSE: MRSH), a global professional services firm, today announced the launch of Archer by Marsh, a service that helps asset managers and life and annuity insurers establish and operate reinsurance businesses. Clients can draw on Archer by Marsh’s shared operating infrastructure while retaining ownership and strategic control.

Asset managers, life and annuity insurers, and capital providers are exploring new ways to manage and finance insurance liabilities. Archer by Marsh works with clients to make the product, asset, capital, and operating decisions as one simple set, then establishes the vehicle to carry them out. Clients start with what they already have, such as an existing balance sheet, and Archer by Marsh builds the remaining capabilities to meet the client’s objectives.

Archer by Marsh combines actuarial, capital, risk, reinsurance, life and annuity insurance management, and regulatory expertise to design tailored structures. It supports clients through regulatory approval, establishment, and ongoing operation. These structures can include standalone reinsurance vehicles, special purpose reinsurers, and dedicated reinsurance cells or incorporated segregated accounts (cells).

Faisal Haddad, a Bermuda-based member of Oliver Wyman’s actuarial practice, has been selected as the CEO of Archer by Marsh, pending receipt of all necessary approvals.

“Successfully establishing and operating a vehicle of this kind requires a combination of capabilities across reinsurance, structuring, operations, governance, and regulation, and Marsh is uniquely positioned to bring these competencies together in a single vehicle. Its open-architecture model will harness the full breadth of Marsh’s capabilities alongside our strategic partner ecosystem, allowing us to assemble the right expertise around each opportunity and develop solutions built around each client’s specific needs. Just as importantly, Archer by Marsh provides the infrastructure to put those structures into operation, giving clients a powerful new way to access and participate in the asset-intensive reinsurance market with confidence.” said Faisal Haddad, CEO of Archer by Marsh.

As part of the Archer by Marsh offering, Marsh has formed Mangrove ISAC Life Re, a Bermuda-based incorporated segregated accounts company that facilitates sidecar and affiliate reinsurance solutions.

“The global insurance industry is changing rapidly, and our clients are looking beyond traditional solutions to unlock new avenues of growth, expand their global reach, and capture greater capital and technological efficiencies,” said David Weinsier, Partner and Chief Growth Officer for Oliver Wyman Actuarial and Insurance & Asset Management. “Archer by Marsh represents a differentiated model to meet those ambitions - bringing together capabilities from across our organization to serve our clients in ways that transcend conventional advisory and brokerage models.”