JLT Specialty Insurance Services Inc. Announces Appointment of John McNally as Leader and Senior Vice President of its Transaction Advisory Practice

26 April 2015

JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), one of the world’s leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is pleased to announce the appointment of John McNally as Leader and Senior Vice President of its Transaction Advisory Practice. 

McNally will support JLT Specialty USA’s private equity and corporate clients in proactively utilizing insurance to facilitate the successful closing of M&A transactions. He will also closely work with JLT Specialty USA’s other practice groups, such as its Energy practice, Environmental practice and Special Situations Group, where he will bring his transactional expertise to assist JLT Specialty USA’s clients and partners. His product offering includes: representations and warranties insurance, tax insurance, successor liability and litigation buyout insurance. McNally will be based out of New York and will also be a key part of the U.S. private equity practice.

“We are excited to announce that John is coming on board to help lead and develop this key practice area for JLT Specialty USA,” said Mike Rice, CEO. “John brings an impressive 20-year career of successfully developing and implementing truly specialized offerings to assist clients during some of their most critical moments. John will be a true asset to the JLT Specialty USA team and we look forward to leveraging his many talents as we constantly look for ways to better service our clients.” 

"John is a valuable asset focusing on one of the fastest growing areas of insurance: utilizing insurance capital to facilitate the successful closing of transactions,” said David Payne, EVP and Chief Revenue Officer. “We are pleased to have John as part of our team and look forward to introducing him to our clients and partners."

Prior to joining JLT Specialty USA, McNally served as team leader of transaction liability at Beazley Furlonge Ltd. (Beazley Group) in London. For more than five years, his duties and accomplishments included underwriting transaction liability risks on a global scale, building the transaction liability book, pioneering the use of a quantitative rating model to incorporate market frequency and loss data, risk weighting by jurisdiction, sector and other factors, and optimizing pricing for deal size, limit and attachment point.  

Previously, McNally was with AIG for more than 15 years where he held positions from claim manager, to vice president, to team leader of the mergers & acquisitions insurance group in London. As team leader, McNally worked closely with clients, helped build AIG’s international M&A insurance group, underwrote on a global basis, was the first insurer to write fund liquidation insurance and litigation insurance on international deals and led development efforts on principal M&A deals for AIG. 

McNally is a regular presenter at M&A, legal and insurance industry conferences, and is a frequent author and contributor to articles on transaction liability in various industry publications and financial media outlets. McNally holds a Juris Doctorate from Fordham University School of Law in New York and a Bachelor of Arts in philosophy from the University of Chicago.  

This announcement comes as JLT continues its strategy in expanding its USA capabilities around key specialty areas of energy, technology, construction, financial lines, credit, political & security and aerospace. 

JLT encourages any potential applicants who are interested in rapidly developing their careers and becoming part of its U.S. Specialty team to contact Sue Corney at 518.782.3143, sue.corney@jltholdings.com or visit www.jlt.com 

 About JLT Specialty Insurance Services Inc.  JLT Specialty Insurance Services Inc. is the U.S. platform of the leading specialty business advisory firm Jardine Lloyd Thompson Group. Our experts have deep industry and product experience serving leading U.S. and global firms.   

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 39 territories with more than 10,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 140 countries. www.jlt.com   

Note to Editors: 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.