6 May 2014 Insurance

Guy Carp boosts mutual unit with JLT hires

Guy Carpenter has strengthened its mutual company specialty practice with two new executives from JLT Towers Re.

Christopher Moresco joins the practice as business development leader and managing director, and Charlene Cass joins as senior vice president and senior broker.

Moresco was most recently co-leader of JLT Towers Re’s regional company practice and had been with the reinsurance brokerage division for several years prior to its acquisition by JLT last November.

He will be based in the Philadelphia office, reporting to David Domino, Philadelphia branch manager and managing director.

Cass was most recently an executive vice president and location manager of the Stamford office of JLT Towers Re.

She has over 20 years in the reinsurance industry, with experience in the broker market as well as direct reinsurance.

Cass will be based in Connecticut and report to Rob Collins, a managing director and member of the mutual company specialty practice.

Domino said: “Chris’s knowledge of the mutual company and regional marketplace strengthens our already extensive relationships within this client segment, which Guy Carpenter has served for decades.”

Collins said: “Charlene’s experience and expertise in program structuring and the facilitation of the reinsurance placement process, as well as many other areas, greatly expands our ability to meet the changing needs of our mutual company clients.”

Andrew Marcell, chief executive officer of US Operations, Guy Carpenter, added: “The hiring of Chris and Charlene reflects Guy Carpenter’s long-term commitment to our mutual company clients. As the market evolves and our client companies face new challenges, we will continue to invest in innovative products and people that will help our mutual insurer-clients reach their growth and profit potential.”

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