Jardine Lloyd Thompson Group plc announces appointment of Jim Pierce as Chairman of US specialty business
09 September 2014
Jardine Lloyd Thompson Group plc ("JLT"), one of the world's leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is delighted to announce the appointment of Jim Pierce as Chairman of its new US specialty business, JLT Specialty Insurance Services Inc.
Most recently, Jim was Chairman of Marsh's Global Industry Practices, a role in which he provided leadership to Marsh's Aviation, Construction, Energy, Infrastructure, Marine, Mining, Power and Rail practices. Previously Jim worked at JLT USA and is recognized as one of the world's leading experts in the energy insurance sector.
Jim's appointment is subject to the fulfilment of any existing contractual obligations and follows the appointment of Michael Rice as CEO and Patrick Donnelly as President and Deputy CEO of our new US specialty operations, as well as the further important management appointments announced last week.
Together this highly experienced and entrepreneurial team will drive the execution of our US specialty plans, with a particular focus on attracting leading industry professionals and winning clients in our targeted specialty areas of Energy, Construction, Financial Lines, Credit, Political & Security and Aerospace.
Since our announcement, we have had a very strong response from professionals across the insurance industry, interested in learning more about our plans and the potential employment opportunities open to them. We would encourage any potential applicants interested in becoming part of our new US specialty team to call Andrew Love on +1-877 355 1232, email firstname.lastname@example.org or visit www.jltgroup.com/usa.
Commenting on today's announcement, Michael Rice CEO said: "Jim has a proven track record in the US market as an entrepreneurial and passionate client advocate and people leader. His appointment is a very significant step in our plans to build a US specialty business of scale and relevance that adds real client choice to the market and empowers its people. I very much look forward to working with him."
Dominic Burke, JLT Group CEO added "Jim is an outstanding professional who knows, understands and shares JLT's client-first culture and absolute focus on driving growth through deep specialization, where his track record speaks for itself. His appointment is a powerful endorsement of the compelling opportunity that our US specialty platform offers to leading industry professionals from across the insurance industry and I am delighted to welcome him back to JLT."
Jardine Lloyd Thompson Group
+44 20 7309 8191
Group Commercial Director
+44 20 7558 3947
Head of Group Corporate Communications
+44 20 7528 4933
Dania Saidam (UK)
+44 (0) 20 7404 5959
Beatriz Garcia (US)
+1 (212) 333 3810
Notes to Editors:
About Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson is one of the world's leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT's client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in 40 territories with more than 9,500 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
This announcement may contain "forward looking statements" regarding the financial position, business strategy or plans for future operations of the Group. By their nature, forward looking statements involve risk and uncertainty, relating to facts that are beyond the company's ability to control, such as future market conditions. Any such statements in this announcement speak only as at the date of this announcement. The company does not assume any obligation to, and does not intend to, revise or update these forward looking statements except as required pursuant to applicable law.
Head of Group Investor Relations