Ross Howard of JLT Re Appointed Vice Chairman of Guy Carpenter

Ross Howard, chairman of JLT Re, has been appointed vice chairman of Guy Carpenter & Company, LLC, reporting to President and CEO Peter Hearn. This appointment will be effective once the transaction closes between Guy Carpenter's parent company, Marsh & McLennan Companies (MMC), and Jardine Lloyd Thompson Group plc (JLT), subject to certain antitrust and financial regulatory approvals.

Mr. Howard will also become a member of Guy Carpenter's Executive Committee and 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. Additionally, Mr. Howard will also play a key role in executing the integration of JLT Re with Guy Carpenter.

"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 organization, driving growth and global collaboration, while further differentiating our client value proposition," said Mr. Hearn.

At the same time, Mike Reynolds, CEO of JLT Re, has stepped down from his position. According to JLT.com, Mr. Reynolds "joined JLT in November 2012 as Group Finance Director, before his appointment as Global CEO, JLT Re in September 2014. [He worked] in a number of senior finance roles in the insurance industry including as CFO of ACE European Group Limited and Aon Benfield."

JLT CEO Dominic Burke said, "On behalf of everyone at JLT, I should like to thank Mike for the enormous contribution he has made as CEO of JLT Re, and wish him the very best for the future."