Guy Carpenter has named Ross Howard as its new vice chairman, effective upon the completion of Marsh and McLennan (MMC)’s acquisition of Jardine Lloyd Thompson (JLT) Group.
Guy Carpenter is a wholly owned subsidiary of MMC and will be integrated with JLT Re once the acquisition deal, which remains subject to the receipt of certain antitrust and financial regulatory approvals, is completed.
Currently chairman of JLT Re, Howard will play 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 be responsible developing new business opportunities and assisting with client relationships to aid the growth of the combined reinsurance business.
In his new role, Howard will report to Guy Carpenter CEO and president Peter Hearn.
Hearn said he was “very pleased” to welcome Howard to the leadership team.
He added: “I have known Ross Howard 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.”
“We are very excited to take the first steps in bringing together these two great reinsurance businesses.”
Howard commented: “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.”
