Marsh has completed the acquisition of Melbourne-headquartered Honan Insurance Group and its CEO Andrew Fluitsma takes up a new role today as Marsh's Pacific Head of Corporate and Commercial.

The global broking giant also announced Scott Eccleston will be Head of Global Placement Pacific from January 1. He is currently Deputy Head of Global Placement and his appointment comes as Head of Placement for Asia Pacific John Donnelly, based in Sydney, relocates to London to commence as Global Head of Placement at the start of next year.

Marsh says Mr Fluitsma will be transitioning into his new role, co-leading the Corporate and Commercial operations in the Pacific region with John Mutton during the integration of the two businesses.

The two businesses will today start bringing colleagues together in Australia, New Zealand, Singapore and Malaysia, and aim to complete co-location within the first quarter of next year.

Incoming Marsh Pacific President Josh Roach says the two businesses are beginning an “exciting new chapter”. Marsh is understood to have paid $700 million to buy Honan and the broking giant has said the purchase will enhance its mid-market presence.

“It’s about bringing two great businesses together, harnessing their respective strengths, and maximising the possibilities we will be able to achieve together for our clients, colleagues, and communities,” Mr Roach said.

Mr Roach is presently Marsh McLennan CEO in New Zealand, President of Marsh New Zealand and Chairman of Marsh in Fiji. He will start his new role in January, taking over from Nick Harris who will move to a senior role with the company in the UK.