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Marsh & McLennan Cos. Inc. will combine the Latin American facultative reinsurance operations of its Marsh LLC and Guy Carpenter & Co. LLC units with those of newly acquired Jardine Lloyd Thompson Group PLC, with the combined business known as Carpenter Marsh Fac Re.
The new division, which is subject to regulatory approvals, will be led by Andrew Perry, currently Mercer Marsh benefits leader, as CEO, according to a statement issued Tuesday. He will be based in Miami and report to Dean Klisura, president of global placement at Marsh, and Ricardo Brockmann, CEO of Marsh Latin America and Caribbean.
Juan Carlos Gomez, currently leader of Guy Carpenter’s office in Colombia, will serve as deputy CEO. He will remain based in Bogota and report to Mr. Perry.
“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,” James Nash, Guy Carpenter’s international CEO, said in the statement.
Marsh LLC and Jardine Lloyd Thompson Group PLC will combine specialty units when JLT’s $5.6 billion acquisition by Marsh parent company Marsh & McLennan Cos. Inc. closes.