Marsh to Combine Its Specialty Unit with JLT Specialty to Form New Business Called Marsh-JLT Specialty
13 11월 2018 - 5:00PM
Business Wire
Dominic Burke Named Chairman, Marsh-JLT
Specialty;Lucy Clarke Named President, Marsh-JLT Specialty;Mark
Drummond Brady Named Vice Chairman, Marsh;Dean Klisura Named
President, Marsh Global Placement
Marsh, a global leader in insurance broking and innovative risk
management solutions, today announced the formation of Marsh-JLT
Specialty. Marsh-JLT Specialty will be a new specialty business
within Marsh that combines the specialty teams of Marsh and Jardine
Lloyd Thompson Group plc (JLT), effective upon closing of the
transaction between Marsh’s parent company, Marsh & McLennan
Companies and JLT, which remains subject to the receipt of certain
antitrust and financial regulatory approvals.
“It’s exciting to begin planning for the integration of Marsh
and JLT. With the formation of Marsh-JLT Specialty, we will be well
positioned to grow our specialty business through the combined
value proposition of the two firms,” said John Doyle, President and
CEO of Marsh. “While our brand is Marsh, Marsh-JLT Specialty will
leverage the exceptional reputations of both firms’ specialty units
with clients that require specialized products and services.”
In addition to becoming Vice Chairman of Marsh & McLennan
Companies and a member of the Marsh & McLennan Executive
Committee, Dominic Burke, currently CEO of JLT Group, will become
Chairman of Marsh-JLT Specialty. He will continue to be located in
London.
Lucy Clarke, CEO of JLT Specialty, will become President,
Marsh-JLT Specialty reporting to Mr. Doyle. In this London-based
role, Ms. Clarke will be directly responsible for Marsh-JLT
Specialty’s Energy, Credit, Marine, Financial and Professional,
Private Equity and M&A (PEMA), Construction, and Aerospace
business worldwide. Ms. Clarke will become a member of the Marsh
Executive Committee.
Mark Drummond Brady, Deputy Group CEO of JLT Group, will become
Vice Chairman of Marsh, reporting to Mr. Doyle. He will continue to
be located in London. Mr. Drummond Brady will become a member of
the Marsh Executive Committee.
Dean Klisura will be named President, Marsh Global Placement. In
this capacity, Mr. Klisura will be responsible for placement
protocols and standards across all lines within Marsh. He will also
lead the non-specialty placement operations of Marsh, including
Bowring Marsh and existing multi-line placement hubs. Mr. Klisura
will continue to report to Mr. Doyle and serve as a member of the
Marsh Executive Committee. Mr. Klisura is located in New York.
Mr. Burke commented: “I am proud of what JLT’s people, brand and
experience can offer the specialty clients of Marsh and JLT,
bringing together the best of our two firms. I look forward to
working with Marsh colleagues on a successful integration and in
leading this industry in exceptional client service and risk
expertise through Marsh-JLT Specialty.”
About Marsh
A global leader in insurance broking and innovative risk
management solutions, Marsh’s 30,000 colleagues advise individual
and commercial clients of all sizes in over 130 countries. Marsh is
a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:
MMC), the leading global professional services firm in the areas of
risk, strategy and people. With annual revenue over US$14 billion
and nearly 65,000 colleagues worldwide, MMC helps clients navigate
an increasingly dynamic and complex environment through four
market-leading firms. In addition to Marsh, MMC is the parent
company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on
Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.
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version on businesswire.com: https://www.businesswire.com/news/home/20181113005474/en/
MarshEileen Mercer, +44 (0)7990 802
830eileen.mercer@marsh.com
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