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21 November 2018Insurance

JLT Re's Howard joins Guy Carpenter as vice chair

Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Ross Howard, chairman of JLT Re, to become vice chairman of Guy Carpenter.

The appointment comes after Marsh & McLennan announced that it is acquiring re/insurance broker Jardine Lloyd Thompson Group (JLT) for $6.4 billion.

Howard will also become a member of Guy Carpenter’s executive committee and will be responsible for developing new business opportunities and assisting with client relationships in order to continue the growth of the combined global reinsurance business. Additionally, Howard will also play a key role in executing the integration of JLT Re with Guy Carpenter.

“We are very excited to take the first steps in bringing together these two great reinsurance businesses," said Peter Hearn, president & CEO of Guy Carpenter. "I have known Ross in the market over the years and believe he will play a pivotal role in the success of the combined organization, driving growth and global collaboration, while further differentiating our client value proposition. I am very pleased to welcome Ross to our leadership team.”

Howard commented: “I am delighted at the prospect of joining Guy Carpenter’s industry-leading executive team and look forward to adding a complementary perspective and diversity of thought that will deliver greater value and profitable growth to clients.”

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More on this story

18 September 2018   Marsh & McLennan Companies (MMC) is acquiring re/insurance broker Jardine Lloyd Thompson Group (JLT) for $6.4 billion.
21 November 2018   Mike Reynolds, CEO of JLT Re has stepped down from his position.
10 May 2019   Former JLT Re chairman Ross Howard is to retire from his new role at reinsurance broker Guy Carpenter after more than 40 years of leadership in the reinsurance business.