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Guy Carpenter restructures to accommodate JLT Re teams

January 17, 2019

Guy Carpenter has established a new global capital solutions group and announced several key leadership appointments.

The restructure will be effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies.

Guy Carpenter states that the changes reflect continued efforts to both align and integrate its capabilities with that of JLT Re, the reinsurance broking arm of JLT Group.

David Priebe will lead the new unit, working closely with the firm’s analytics, strategic advisory, and broking teams.

The new Group will consist of two units, Global Capital Solutions and GC Securities, both reporting to Priebe.

The CEO of North America at JLT Re, Ed Hochberg, is to become head of the Global Capital Solutions practice, and he will also be tasked with supporting the integration of JLT Re’s North American business with Guy Carpenter.

GC Securities - the company’s insurance-linked securities (ILS) division - will continue to have Shiv Kumar as its president.

As well as appointments within the new Group, the firm has announced a number of other appointments.

In Guy Carpenter North America, Tim Gardner, CEO of GC North America, and John Trace, president of GC US, will both remain in their leadership roles.

Other appointments include Keith Harrison, CEO of UK & Europe, JLT Re, becoming head of London North America for GC.

He will also spearhead the establishment of a new London operation to service and source business non-affiliated with Guy Carpenter, which is to be overseen by president and CEO of Guy Carpenter, Peter Hearn. Harrison is also set to join the Guy Carpenter executive committee.

Simon Keeley, head of London North America, GC, and Mark Higgins, head of London North America at JLT Re, will both report to Harrison, and form part of the senior leadership team.

Within Guy Carpenter International, James Nash is set to stay as CEO of Guy Carpenter International.

At the same time, Jeremy Fox, CEO of JLT Re Asia Pacific, has been named chairman of GC Asia Pacific.

In Guy Carpenter Specialties, Kevin Fisher, CEO of GC Global Specialties, is to become chairman of GC UK & Specialties.

At the same time, current deputy CEO Global Specialties and head of Non-Marine Specialties at GC, James Boyce, is to become CEO of Global Specialties, and also join the Guy Carpenter Executive Committee.

In addition, Bradley Maltese, deputy CEO of UK & Europe at JLT Re, will become vice chairman of Global Specialties, while Richard Morgan, managing director, GC Global Specialties, has been appointed head of non-marine specialties.

The appointments of Boyce, Fisher, and Morgan are effective immediately, states Guy Carpenter.

Lastly, within Global Strategic Advisory, David Flandro, global head of Analytics at JLT Re, has been named global head of Economics and Franchise Risk Advisory. Vice chair of GC Global Strategic Advisory, Vicky Carter, will continue to serve in her leadership role.

Hearn commented: “The combination of Guy Carpenter and JLT Re’s capabilities and expertise will create an exciting opportunity to deliver enhanced value to clients across the globe through a structure that is intuitive and aligned with our strategic priorities.

“These roles will be filled by experienced and talented leaders who will have a positive impact on our business. I congratulate them and look forward to working with them in their important new roles.”