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As the global economy continues to falter, many organizations face financial challenges the likes of which they have not seen in decades.
Corporate bankruptcies have risen 50 percent since 2007 and even companies that are not insolvent are restructuring by cutting costs, laying off workers, closing plants, and delaying capital investments.
Marsh provides a wide range of services to help clients more effectively identify risks, mitigate exposures, and manage their businesses in this challenging economic period. We are able to marshal a breadth and depth of expertise to help organizations manage several of the challenges associated with the economic downturn, from managing layoffs and corporate restructurings to mitigating the risks associated with acquiring troubled assets to managing environmental risks with bankruptcy.
In addition, Marsh has a growing library of Webcasts and white papers to assist organizations in understanding how innovative risk management can be used to meet the challenges of the economic downturn.
Below, we outline several of our services and thought leadership that are particularly relevant in the current economic environment:
Marsh Services for Challenging Times
Economic Downturn Task Force Brochure
This brochure outlines the services of Marsh's Economic Downturn Task Force, which provides a wide array of strategies to help reduce costs and mitigate risks. The Task Force is a clearinghouse for all of the relevant solutions and services available from Marsh and its MMC sister companies.
Insurance Solutions in a Distressed Market — This two-page fact sheet covers solutions provided by our Financial and Professional Liability Practice (FINPRO) and our Private Equity & Mergers Acquisitions Practice. It focuses on services for distressed mergers and acquisitions and solutions for boards of directors, bankruptcy trustees and restructuring officers.
Business Survival Strategies: Managing Through the Economic Downturn — This brochure outlines a wide range of services our Risk Consulting Practice can provide to help companies in times of distress. Services discussed include reputational risk and crisis management, property risk consulting, claims management, and environmental health and safety.
Business Continuity Risk Management for an Economic Downturn —
This fact sheet from Marsh's Risk Consulting Practice outlines solutions designed to help organizations to assess emerging risks, evaluate their potential affects, develop mitigation plans, and implement sustainable but flexible approaches to uncertain economic times.
Controlling Workers' Compensation Costs During Facility Closures and Layoffs — This brochure covers strategic plans for managing the facility closing process and minimizing related workers' compensation costs.
Insurance Premium Finance — This two-page fact sheet discusses how Marsh's Premium Finance Practice can help companies to preserve working capital, improve cash flow, and maintain liquidity.
Supplier Financial Viability Solutions — This presentation from Marsh's Risk Consulting Practice outlines the services Marsh offers to help organizations to mitigate supply chains risks caused by suppliers' financial viability issues.
Corporate Restructuring: Optimizing Financial Outcomes for Operations with Environmental Issues — This brochure from Marsh's Environmental Practice outlines solutions to manage real estate and environmental liability disposition.
Managing Environmental Risk Amid Bankruptcy — This two-page fact sheet outlines a number of environmental risk management strategies and solutions to maximize asset values for companies in bankruptcy and minimize or eliminate liability to third parties from environmental discharges and rejection of contractual indemnities.
Marsh Insights for Managing Through the Economic Downturn
White Paper — Insurance and Bankruptcy (June 2009)
This white paper discusses risk transfer and management issues in the context of bankruptcy — particularly the effect a company's financial health will have on its relationship with insurance carriers.
New Reality of Risk Webcast: Excellence in Risk Management — Meeting Today's Extraordinary Challenges
During our June 24 webinar,
a panel of experts shared the results of the
2009 Excellence in Risk Management survey, explored the meaning behind the numbers, and addressed ways to foster deeper engagement between risk practitioners and the C-Suite.
Webinar: "Supply Chain Risk Management in Turbulent Times"
Marsh's Gary Lynch, Global Supply Chain Risk Management Practice Leader, discussed the major supply chain risks organizations face today and provided strategies for managing them in this June 16 Webinar.
Article — Trade Credit Insurance Protects Receivables and Enhances Credit Access (June 2009)
A growing number of U.S. manufacturers and distributors are looking to trade credit insurance to guard against the possibility of a default by their business partners — particularly those marketing their goods and services to vulnerable industries or for export. This article discusses how trade credit insurance can help businesses to protect critical revenue streams and even enhance their overall credit.
Video — Marsh's Lou Ann Layton Talks to Business Insurance About D&O (April 2009)
The leader of our U.S. Financial and Professional Liability Practice discusses how the financial crisis could affect directors and officers liability coverage.
White Paper — Winning Strategies: Managing Through the Economic Downturn (March 2009) — This white paper outlines four broad strategies to consider in the evolving marketplace: be prepared; "out info" your market;
capitalize on market inequities; and
control supply to optimize price.
White Paper — The Importance of Enterprise Risk Management During Economic Upheaval (March 2009) — This report, based on a survey by Marsh and
GovernanceMetrics International,
examines how public companies in various parts of the world are identifying, prioritizing, and managing risk in challenging economic times.
White Paper — Managing Through The Downturn: Using Risk and Insurance Management To Build Resilient Businesses (UK) (Jan. 2009) —
This report highlights the key risks companies face as the global economy slows and discusses how to tackle them. Specific challenges covered include capital management, liability and trading risks.
White Paper — Smarter Risk Management Can Help Companies Trade Through the Downturn (UK) (Oct. 2008) — This white paper highlights how insurance and risk management strategies can help UK firms to improve liquidity, free up cash, strengthen their financial resilience and continue operating profitably during deteriorating economic conditions.
New Reality of Risk Webcast: Reducing Costs and Mitigating Risks — Key Strategies for the Economic Downturn (March 2009) — Our most recent webinar
highlighted several cost reduction and risk mitigation strategies, including marketing insurance programs for maximum leverage, managing open claims, executing D&O strategies, assessing and mitigating environmental liabilities, and more.
New Reality of Risk Webcast: Economic Strife Implications for Risk Finance Decisions (Nov. 2008) — A panel of experts discusses the challenging economic environment, reviews current and prospective insurance market conditions, and examines risk management and risk finance options.
New Reality of Risk Webcast: Managing Your Insurance Portfolio in Times of Economic Distress (Oct. 2008) — This webinar discussion focuses on the insurance market aspects of the global economic crisis and covers tools and strategies companies can use to protect themselves during the downturn.
Newsletter: FINPRO Insights —
This publication from our Financial and Professional Liability Practice discusses how the down economy is affecting employment practices liability; fraud, theft and bribery insurance; fiduciary liability insurance; and directors and officers liability. In addition, a review of 2008 is included as well as an update on new regulations, investigations and litigation.
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