An international leader in the risk and finance industry will open an office in Halifax, creating up to 150 jobs.
Marsh, the world's leading risk and insurance services firm, will establish a technical centre of excellence to provide high-level financial administrative support for its captive solutions business.
The announcement was made in Halifax today, Nov. 30, by Premier Rodney MacDonald. Premier MacDonald was joined by Chris Varin, a managing director of Marsh; Patrick Ferguson, an assistant vice-president of Marsh; and Stephen Lund, president and CEO of Nova Scotia Business Inc. (NSBI) in Halifax to announce the company's creation of a technical centre of excellence for its captive solutions business.
Nova Scotia, through NSBI, authorized a payroll rebate to a maximum of $2,688,000 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," said Premier MacDonald. "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," said Mr. Varin. "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."
Marsh is a part of the MMC family of companies, which includes Kroll, Putnam Investments, Guy Carpenter, Mercer Human Resource Consulting and Mercer specialty consulting. Marsh is a world leader in delivering global risk management, risk consulting, insurance broking, financial solutions and insurance program management services for businesses, public entities, associations, professional services organizations and private clients.
Nova Scotia Business Inc. is Nova Scotia's private sector-led business development agency. NSBI is the investment attraction arm of the province and helps companies in Nova Scotia meet their growth potential through business advisory, export development and financial services.