Guy Carpenter
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Aon’s former head of international catastrophe management will take up the position next September.
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The Marsh & McLennan Companies' newcomer was previously Willis' Russian construction head.
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Retro drawback and concerns over performance in some lines will temper some expansion, say execs.
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The executive moves over in what is likely to be interpreted as preparation for an orderly CEO succession.
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Alternative reinsurance capital fell by 2.7% in the first half of the year, as Covid-19 uncertainty weighed on the market.
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The new arrival will be an executive committee member and report directly to president and CEO Peter Hearn.
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The change is an early sign that MMC’s raids on Willis are bearing fruit.
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Donald Callaghan steps down but will continue client work.
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Lara Mowery and John Crichton will also join the committee as global head of distribution and chief information officer, respectively
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Guy Carpenter achieves 9% underlying expansion, while group organic revenue shrinks 2%.
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Andrew Piatti leaves the Aquiline-backed legacy specialist as the company conducts a strategic review.
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Lockton Re has hired Graham Barden from Guy Carpenter as chairman of its aviation and aerospace practice.
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