WTW snares 25-year Marsh/JLT veteran to power risk & broking leadership

Global broker  WTW has hired a Marsh/JLT Group veteran with an “extraordinary market presence” to further strengthen its risk and broking leadership, aimed at elevating its specialisation, as well as advancing capabilities in digitisation and optimisation.

Lucy Clarke (pictured) is leaving Marsh to join WTW as president, Risk & Broking in the third quarter of 2024.

Upon her arrival, Adam Garrard will take on the role of chairman, Risk & Broking. Clarke and Garrard will work closely to drive growth of WTW’s Risk & Broking segment, which serves 140 countries and global markets.

In her new role, Clarke will report to Carl Hess, and will be responsible for the day-to-day financial and operational management and growth of the business. Until she joins WTW, Garrard will continue in his current role as head of Risk & Broking and upon her arrival, he will act as chairman.

Clarke has gained deep industry experience through a 25-year career that has included diverse leadership positions with JLT Group and Marsh. In her most recent role, she serves as the president of Marsh Specialty and Global Placement. Prior to that, she was the chief executive officer of JLT Global Specialty, the insurance and risk arm of the JLT Group.

WTW’s chief executive officer, Hess, said: “With the addition of Lucy to our strong Risk & Broking leadership team, WTW will offer an even more compelling value proposition as we continue to innovate and adapt to address our clients’ changing needs. I look forward to welcoming Lucy to the WTW team next year and know she will help us relentlessly drive our strategic priorities forward.”

Garrard commented: “We are excited to announce this strong addition to WTW. Lucy is an industry leader committed to specialization, exceptional client service, data and analytics, aligning with core WTW market strengths and growth priorities. She has extraordinary market presence, a proven track record of delivering results and an intense focus on talent. We are confident in the role that WTW plays in supporting clients in an ever-changing risk landscape and will continue to add talent where there is a strong fit with WTW’s culture and ambitions.”

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