November 20, 2018
JLT Re chairman Ross Howard is set to become vice chairman of Guy Carpenter following the completion of Marsh & McLennan Companies (MMC)’s £4.3bn acquisition of JLT.
In his new role, Howard 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, as well as playing a key role in executing the integration of JLT Re with Guy Carpenter.
He will also become a member of Guy Carpenter’s executive committee and will report to the reinsurance broker’s president and CEO, Peter Hearn.
The latest integration news comes after MMC unveiled last week that it would merge the specialty teams of Marsh and JLT into one combined specialty business, Marsh-JLT Specialty, with JLT Group CEO Dominic Burke and JLT Specialty CEO Lucy Clarke being named chairman and president of the new unit, respectively.
Commenting on Howard’s appointment, Hearn said: “We are very excited to take the first steps in bringing together these two great reinsurance businesses.
“I have known Ross in the market over the years and believe he will play a pivotal role in the success of the combined organisation, driving growth and global collaboration, while further differentiating our client value proposition. I am very pleased to welcome Ross to our leadership team.”
Howard remarked: “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.”
MMC’s acquisition of JLT is expected to close in spring 2019.