Guy Carpenter promotes David Priebe to chairman, seeks growth post JLT Re merger

Reinsurance broker Guy Carpenter, a wholly owned subsidiary of Marsh & McLennan Companies, has unveiled a key leadership change to  integrate the capabilities of JLT Re and further its growth strategy.

The company has appointed David Priebe, who has held various leadership roles at Guy Carpenter since 1981, to the role of chairman with immediate effect. He was most recently vice chairman of Guy Carpenter.

Priebe will continue to report to Guy Carpenter's president and CEO, Peter Hearn, and will continue as a member of the company's executive committee.

As chairman, Priebe will work with Hearn to integrate Guy Carpenter and JLT Re capabilities following MMC’s April 1 acquisition of JLT. He will continue to work closely with John Trace, CEO of North America, to support key North America-based clients and will work closely with numerous global clients of Guy Carpenter.

Priebe will continue to oversee the firm’s recently created Global Capital Solutions Group, which is comprised of GC Securities and Global Risk Solutions, led by Shiv Kumar and Ed Hochberg respectively. The Global Capital Solutions Group was created to bring together the combined firm’s capital markets, non-traditional solutions, M&A advisory and third party capital raising strengths into an integrated team that drives client profitability and growth.

Hearn said: “For decades, David has worked tirelessly to elevate Guy Carpenter’s reputation across the globe. He is a true client champion and has dedicated his career to helping Guy Carpenter identify client needs and develop and deliver solutions that help them profitably grow. No one is better suited to help steward the future of our firm as Chairman.”

Priebe commented: “For the last several decades I have focused on advancing Guy Carpenter in the eyes of clients, markets and colleagues. I am honoured to be named Chairman and am excited to continue to shape the future of the firm as we focus on helping our clients and colleagues grow.”

Hearn added: "David is a natural leader who possesses broad global experience in reinsurance and a proven record of delivering success to clients. His deep understanding of our business and our clients, combined with nearly 40 years of expertise in the industry, uniquely prepares him for the role.”