He highlighted some of the examples he has seen as chair of Marsh McLennan’s public sector practice, including the rollout of a community-based catastrophe insurance program in New York, where part of the contract terms were that in exchange for insuring the 8,000 homeowners it did, the municipality had to invest in flood defenses. “We’re working on half a dozen more products like that right now, and not only in the United States., However, the gestation period with public sector initiatives is long and they take a long time to come to fruition as a result.
