Marsh (MMC) Names New Dovetail Insurance CEO

October 10, 2016 3:01 PM EDT

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Marsh, a leading insurance broker and risk advisor, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), announced that Rich Drab has joined the firm as CEO of Dovetail Insurance, a leading provider of insurance technology services tailored to the US small commercial market. In this role, Mr. Drab will focus on growing Dovetail’s business through product innovation and client engagement.

Mr. Drab is based in Chicago and will report to Kevin Tobin, president of Marsh’s Insurance Services Group.

Mr. Drab brings to Dovetail more than 25 years of leadership, consulting, and technology experience, primarily focused on the insurance industry. He joins from IBM, where he most recently served as a partner in its Global Business Services practice. Prior to joining IBM in 2012, Mr. Drab held several leadership roles at Rosetta, Sapient, and Accenture.

Commenting on the appointment, John Drzik, president of Global Risk and Specialties, said: “The pace of innovation in insurance distribution is unprecedented, creating unique opportunities for Marsh and Dovetail. Rich has spent more than two decades developing state-of-the-art technology solutions for the insurance industry and brings significant experience in scaling firms rapidly. He is the ideal person to lead Dovetail forward in the next phase of its evolution.”

Mr. Drab added: “I look forward to leading this dynamic organization and meeting the growing demand for innovative insurance technology services.”

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