Marsh, the world's leading insurance broker and risk adviser, today announced the appointment of Ricardo Brockmann as CEO of Marsh in the Latin America and Caribbean region, effective immediately.

Mr. Brockmann, currently CEO of Marsh Mexico and a 30-year Marsh veteran, will report to Alex Moczarski, president of Marsh's International Division. He succeeds Thomaz Menezes, who has decided to leave the company to pursue other opportunities.

Commenting on the appointment, Mr. Moczarski said: "Latin America is a key part of Marsh's growth plans. Ricardo's track record of success and extensive experience in the region will ensure that we are able to offer the market-leading services and solutions that our clients need.

"Marsh has a strong reputation for innovation and service throughout the region. For example, shortly after the recent Chilean earthquake, Marsh sent in claims specialists from around the world to support both local and international clients. Under Ricardo’s leadership, I am sure Marsh's reputation for client service will grow and prosper further."

Mr. Brockmann, who will remain CEO of Marsh Mexico, added: "I am excited about the opportunities for Marsh in Latin America and the Caribbean and I look forward to working with colleagues to deliver for our clients."

Mr. Moczarski said, "We thank Thomaz Menezes for his leadership and wish him well."