Marsh, Guy Carpenter, JLT to merge LatAm facultative reinsurance under Andrew Perry
Broker Marsh & McLennan Companies (MMC) is merging the Latin American facultative reinsurance operations of its wholly owned subsidiaries Marsh and Guy Carpenter with that of Jardine Lloyd Thompson Group (JLT). The combined business will be known as Carpenter Marsh Fac Re.
MMC completed the acquisition of re/insurance broker JLT in April 2019. The deal was valued at $6.4 billion.
Carpenter Marsh Fac Re will be led by Andrew Perry, currently Mercer Marsh Benefits (MMB) leader, as CEO. 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 (LAC).
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 Perry.
The merger aims to create a leading facultative reinsurance intermediary in Latin America, with market-leading data capabilities and expanding insurance market relationships, MMC said.
“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,” said James Nash, CEO, International, Guy Carpenter.
Perry added: “Carpenter Marsh Fac Re will offer an even wider range of cost-effective risk transfer solutions across LAC. I am excited to be leading a team of unrivalled talent that will deliver deeply specialized expertise across virtually every area of insurable risk.”
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