MMC Enterprise Risk, a subsidiary of Marsh & McLennan the international insurance broker, has hired Colin Lally, formerly a top securitization banker at Nomura Securities International in London, as a senior transactor. Lally will join MMC next month and report to Henry Cooke, head of European enterprise risk management transactions, and with whom he worked at Nomura. Cooke joined MMC last year. Cooke says MMC aims to use insurance capital as an alternative to bank capital for corporates seeking to transfer risk to the capital markets. This is a relatively new business for Marsh, adds Cooke. He reports to Jamshid Ehsani, who heads the business in New York. Ehsani did not return calls.
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