Stephen Kay is the US and Canada leader of Marsh’s Political Risk and Structured Credit practice. Based in New York, his group is integrated into Marsh’s Credit Specialties global practice which includes trade credit, political risk, and structured credit insurance, as well as surety and financial risk products. His expertise is in political and credit risk insurance for international banks, commodity traders, capital market investors and corporates, including Basel II compliant credit products.
Stephen joined Marsh in 2009, following a career in banking and underwriting credit risk and political risk for leading insurers. His career began at with a 4 year stint at government agency Export Development Canada (EDC) where he underwrote and marketed export credit insurance, financing and foreign investment insurance. After EDC he was a corporate account relationship manager for Royal Bank of Canada for before moving to the U.S. in 1994. He then joined Citicorp International Trade Indemnity, an affiliate of Citibank, over 7 years rising to VP & Head of Underwriting for political risk. Following Citibank and prior to joining Marsh, Stephen spent eight years with AIG in New York, most recently as VP - East Coast Manager and Senior US Underwriter for AIG Global Trade and Political Risk.
Stephen is a Board Member for the Wharton Music Center, Berkeley Heights, NJ.