Guy Carpenter Adds Leadership Connected with JLT Acquisition

Businessman pointing with index finger to floating text of the word Acquisition

January 18, 2019

Businessman pointing with index finger to floating text of the word Acquisition

Guy Carpenter & Company, LLC, will expand leadership and form a new global capital solutions group in conjunction with the Jardine Lloyd Thompson Group plc (JLT) acquisition. The appointments are subject to the closing of the transaction between Guy Carpenter's parent company, Marsh & McLennan Companies, and JLT.

Global Capital Solutions Group

The Global Capital Solutions Group will be led by David Priebe, Guy Carpenter's vice chairman, and will be made up of Global Capital Solutions and Guy Carpenter Securities.

  • Ed Hochberg, CEO of JLT Re in North America, will become head of the Global Capital Solutions practice, advising clients on capital, reinsurance optimization, and risk transfer solutions. Mr. Hochberg will also support the overall integration of JLT Re's North America business with Guy Carpenter.
  • Shiv Kumar will continue as president of Guy Carpenter Securities, responsible for the insurance-linked securities and mergers and acquisitions practices.

Guy Carpenter North America

Tim Gardner, CEO of Guy Carpenter North America, and John Trace, president of Guy Carpenter US, will continue in their leadership roles.

Keith Harrison, CEO of United Kingdom and Europe at JLT Re, will become head of London North America for Guy Carpenter. In this role, he will lead the London division of Guy Carpenter's North America business, reporting to Mr. Gardner. Mr. Harrison will also lead the formation of a new London-based operation to service and source business nonaffiliated with Guy Carpenter, which will be overseen by Peter Hearn, president and CEO of Guy Carpenter.

Mr. Harrison will be responsible for new business production, client management, and delivering advisory, growth, and placement expertise, as well as access to the London market for North American clients. Mr. Harrison will join the Guy Carpenter Executive Committee and will support the overall integration of JLT Re's UK and European businesses with Guy Carpenter.

Simon Keeley, currently head of London North America for Guy Carpenter, and Mark Higgins, currently head of London North America for JLT Re, will both report to Mr. Harrison and form part of the senior leadership team that will integrate the businesses and position the combined entity for continued growth.

Guy Carpenter International

James Nash will continue as CEO of Guy Carpenter International.

Jeremy Fox, CEO of JLT Re Asia Pacific, will become chairman of Guy Carpenter Asia Pacific, reporting to Tony Gallagher, CEO of Guy Carpenter Asia Pacific. In this role, Mr. Fox will be responsible for servicing multinational clients in the region and producing new business, as well as working with Mr. Gallagher on designing and delivering key strategic priorities for the region.

Guy Carpenter Specialties

Kevin Fisher, currently CEO of Guy Carpenter Global Specialties, will become chairman of Guy Carpenter UK & Specialties. Mr. Fisher will continue working with the leadership team to deliver enhanced client solutions across the UK and Global Specialties platform.

James Boyce, currently deputy CEO Global Specialties and head of Nonmarine Specialties at Guy Carpenter, will become CEO of Global Specialties. Mr. Boyce will report to Mr. Hearn and will join the Guy Carpenter Executive Committee.

  • Bradley Maltese, deputy CEO of UK and Europe at JLT Re, will become vice chairman of Global Specialties, reporting to Mr. Boyce. In addition, Mr. Maltese will work with the senior leadership team to further develop and grow the Global Specialties client offering and will also play a key role in executing the integration of the JLT Re Specialty practices with Guy Carpenter.
  • Richard Morgan, managing director, Guy Carpenter Global Specialties, will become head of Nonmarine Specialties, reporting to Mr. Boyce.

Mr. Fisher, Mr. Boyce, and Mr. Morgan's appointments are effective immediately.

Global Strategic Advisory

David Flandro, global head of analytics at JLT Re, will become global head of economics and franchise risk advisory, reporting to Rob Bentley, CEO of Guy Carpenter Global Strategic Advisory. In this role, Mr. Flandro will oversee Guy Carpenter's global thought leadership, business intelligence, ratings advisory, and market intelligence units.

Vicky Carter, vice chair of Guy Carpenter Global Strategic Advisory, will continue in her leadership role.

All other Guy Carpenter Executive Committee members will continue in their current roles.

January 18, 2019