Marsh again reshuffles management post JLT acquisition
Marsh has appointed its key leaders for its regional, specialty, and placement teams worldwide which will become effective after the closing of the JLT acquisition by Marsh & McLennan Companies.
Marsh & McLennan Companies is in the process of acquiring re/insurance broker Jardine Lloyd Thompson Group (JLT) for $6.4 billion.
Marsh had already in November announced that it was combining the specialty teams of Marsh and Jardine Lloyd Thompson Group to create the Marsh-JLT Specialty unit which included a reorganisation of management positions.
In a new corporate statement, Marsh said that at Marsh-JLT Specialty, Dominic Burke, CEO of JLT Group, in addition to becoming vice chairman of Marsh & McLennan Companies and a member of the MMC executive committee, will become chairman of Marsh-JLT Specialty. Lucy Clarke will become president of Marsh-JLT Specialty reporting to Doyle. Global specialty leaders will report to Clarke.
Regional specialty leaders will report both to Clarke and their respective regional leader.
At Marsh International, all international regional leaders will report to Flavio Piccolomini, president of Marsh International.
Adrian Girling, currently chairman UK, Europe and South Africa for JLT, will become chairman of UK & Ireland corporate and risk management for Marsh and report to Chris Lay, CEO of the UK & Ireland.
Nick Harris, CEO of Australia and New Zealand for JLT, will become CEO of Pacific for Marsh. Scott Leney, currently Marsh Pacific CEO, will become CEO for Australia and report to Harris. Andre Louw, currently chairman of Australia and New Zealand for JLT, will become chairman of Pacific for Marsh.
Peregrine Towneley, currently CEO of MEA for JLT, will become chairman of Middle East for Marsh. Robert Makhoul, currently Marsh & McLennan Companies chief client officer and chairman of Middle East for Marsh, will continue as MMC Chief Client Officer for the Middle East.
James Addington-Smith, currently Asia Specialty leader for Marsh, will become CEO of ASEAN, a sub-region of Asia, reporting to David Jacob, CEO of Asia.
In Global Specialty, Simon Harker, currently global aviation and space leader for Marsh, will become global head of aviation. Richard Gurney, currently global head of construction for JLT, will become global head of construction.
Nick Robson, currently global head of credit, political and security risk for JLT, will become global head of credit specialty. Evan Freely, currently global credit specialty leader for Marsh, will become deputy global head of credit specialty, reporting to Robson.
Andrew George, currently global industry specialty leader for Marsh, will become global head of energy & power. Jim Pierce, currently global lead of energy, power & mining for JLT, will become chairman of global energy & power.
Mark Wood, currently global head of financial lines for JLT, will become head of financial and professional lines (FINPRO) international.
Devin Beresheim, currently US FINPRO Practice Head for Marsh, will become head of FINPRO US and Canada.
Marcus Baker, currently global marine leader for Marsh, will become global head of marine.
Karen Beldy Torborg, currently Marsh’s global private equity and mergers and acquisitions (PEMA) and infrastructure leader, will become global head of PEMA and infrastructure.
“The combination of Marsh’s and JLT’s capabilities and colleagues is an exciting opportunity to deliver greater value to clients,” said John Doyle, CEO of Marsh. “These roles are being filled by experienced and talented leaders who will have a positive impact on our business.”
