JLT Towers Re CEO resigns
Alastair Speare-Cole, the chief executive of JLT Towers Re, has resigned "to pursue other interests".
His departure comes amid a number of senior management changes at the broker.
Mike Reynolds, group finance director, will succeed him. He will retain his existing position and as a PLC board director until the appointment of his successor.
Ross Howard will remain as chairman with Alistair Lockhart-Smith continuing in his role as deputy chairman of the global business.
Mark Drummond Brady has been appointed deputy group chief executive officer (CEO). JLT said this appointment reflects the increasing size, complexity and international reach of the group and will provide additional leadership support at the top of the organisation to drive the continued delivery of our strategy.
Brady will sit on the executive committee of the new US specialty operation and the board of the merged JLT Specialty/Lloyd & Partners business.
Martin Hiller has been appointed CEO of EMEA and assumes responsibility for its MGA businesses and Thistle Insurance Services.
Dominic Burke, JLT Group CEO, said: "Mark stepped in as interim group CEO during my recent brief absence and did an excellent job. His appointment as deputy group CEO will enable me to focus more of my time on delivering the group's important strategic initiatives. I have the highest possible regard for Mark and am delighted that he has accepted this important new role.
“Mike has the experience and the vision to take on the role of global CEO of JLT Towers Re. He has been a truly outstanding group finance director over the past two years and his appointment reflects both the importance of JLT Towers Re to our growth strategy and the ambition that we have for that business. Mike played a central role in the acquisition of Towers Watson Re late last year and knows the business well. I am delighted that he has accepted this opportunity to lead such a significant and exciting part of the business.
“Alastair has played a pivotal role in the development of JLT Towers Re. I would like to extend my appreciation for the significant contribution he has made over the last few years and I wish him well for the future.”
