Marsh & McLennan Companies (MMC) subsidiaries Marsh and Guy Carpenter will combine their Latin American facultative reinsurance operations with Jardine Lloyd Thompson Group (JLT).
The combined business will be known as Carpenter Marsh Fac Re.
MMC completes JLT acquisition
The new company will be one of the largest Latin American facultative reinsurance intermediaries with data capabilities and an expanding insurance market.
Carpenter Marsh Fac Re will be led by Andrew Perry, CEO of Mercer Marsh Benefits. He will be based in Miami and report to Dean Kilsura, president of global placement at Marsh, and Ricardo Brockmann, CEO of Marsh Latin America and Caribbean.
Leader of Guy Carpenter’s office in Colombia, Juan Carlos Gomez, will serve as deputy CEO.
James Nash, CEO, international at Guy Carpenter, commented: “By combining the facultative reinsurance offerings of Marsh and Guy Carpenter with those from JLT we will be able to offer insurers and insurance buyers a more efficient way to access global reinsurance markets.”
Perry added: “Carpenter Marsh Fac Re will offer an even wider range of cost-effective risk transfer solutions across LAC. I am excited to be leading a team of unrivalled talent that will deliver deeply specialized expertise across virtually every area of insurable risk.”
The deal is subject to regulatory approvals.
