London, 27 June 2008

Marsh, the world’s leading insurance broker and risk adviser, has been awarded the ‘Best Insurance Broker in Trade’ accolade for the third consecutive year by Trade Finance Magazine.

The Best Insurance Broker in Trade award is one of a series of leading banking industry awards made by Trade Finance and presented annually by parent company Euromoney. The award, which is widely recognised in the industry for its independence and objectivity, acknowledges creativity and innovation in product development.

James Cunningham, Political Risks Practice Leader at Marsh, commented: “We are honoured to have once again received the award for Best Broker in Trade. No other insurance broker has ever received the award twice, let alone three years in a row.

"We have worked very hard over recent years to structure creative insurance programmes to meet the specific needs of our trade finance clients, and to ensure such solutions are available on the most price competitive terms.

Charles Beresford-Davies, UK Financial Services Leader at Marsh, added: “It is an extraordinary achievement and a great reflection of the work the team has put into developing our Trade Finance business. The award gives us a very resounding vote of confidence in the products and services we offer."

The political risks team offer structured trade credit and political risks insurance solutions, including credit default and country risk protection, to support the trade finance activities of its clients.

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