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Marsh opens technical centre of excellence in Halifax


November 30, 2006   by Canadian Underwriter


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Marsh has announced it is opening an office in Halifax, Nova Scotia, creating up to 150 new jobs.
The risk and insurance company is establishing a technical centre of excellence to provide high-level financial administrative support for its captive solutions business.
Nova Scotia Premier Rodney MacDonald announced Marsh’s technical centre of excellence on Nov. 30. He was joined by Marsh managing director Chris Varin, Marsh assistant vice president Patrick Ferguson and Stephen Lund, president and CEO of Nova Scotia Business Inc. (NSBI) in Halifax.
NSBI is the investment attraction arm of the province. It helps companies in Nova Scotia meet their growth potential through business advisory, export development and financial services.
Through NSBI, Nova Scotia authorized a payroll rebate to a maximum of $2.68 million over a six-year period to support the customer service centre.
“Marsh’s decision to establish this centre of excellence in Nova Scotia sends a strong message to the global insurance industry about the quality of our people and the province’s ability to compete on the global stage,” MacDonald said. “The centre validates our competitive advantages and reinforces our position in this growing sector.”
The new positions will require accountants and auditors with various professional certifications, as well as graduates with strong backgrounds in finance and accounting.
“We’ve identified Nova Scotia as a key location to improve our customer experiences and enhance our high quality of service,” Varin said. “We know Nova Scotians are working in this sector all over the world and we are eager to provide an opportunity to bring that local talent back to its roots.”
Marsh’s captive solutions business provides consulting, design and management services to more than 1,100 captive insurance companies around the world. A captive insurance company is formed primarily to insure or reinsure the risks of a corporate parent or another company.
“Marsh’s expansion in Nova Scotia is the culmination of our strategy to bring higher value positions and high salaries to Nova Scotia,” said Mr. Lund. “We identified Marsh as a key player in the industry and positioned Nova Scotia as a strategic fit for the company’s growth plans.”


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