JLT Specialty Insurance Services Inc. Announces Addition of Private Equity and Financial Lines Group

03 June 2015

JLT Specialty Insurance Services Inc. (JLT Specialty USA), a US 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, today announced several new team members who will join the Private Equity and Financial Lines Group. This group will provide brokerage and advisory services to clients in the private equity sector as well as financial institutions, and will be based in JLT Specialty USA’s New York office.

The team of industry professionals who join the Private Equity and Financial Lines Group is comprised of professionals with substantial experience in risk management and consulting practices in the financial services industry. The individuals appointed to this team include:
  • Rachel Beck, Vice President 
  • Patti Ceglio Johnson, Vice President
  • Ryan Farnsworth, Vice President
  • and Charles Sternberg, Vice President

“We are very excited to welcome Patti and Charles to the Private Equity Practice and are confident that our current and future clients will benefit greatly from their decades of experience and rich knowledge of the space,” said André S. Eichenholtz, Leader of U.S. Private Equity Due Diligence and Specialty Services at JLT Specialty USA.  

Colin Daly, Leader of US Financial Lines Group, added: “Rachel and Ryan understand the unique risks facing the financial industry and are experienced brokers in this sector.  We are extremely pleased to have them join our team.” 

Prior to joining JLT Specialty USA, Rachel Beck served as a Broker on the Private Equity team at Willis. An insurance broker with significant experience in professional and management liability insurance, Beck’s focus is on insurance products for private equity & venture capital funds, as well as their publicly-traded and privately-held portfolio companies. Beck served as Senior Underwriter at Chartis from 2009-2012 and was an Actuarial Analyst for AIG from 2006-2009. In her position at JLT, Beck will be responsible for the company’s Financial Lines brokerage. Beck holds a B.S. in Actuarial Science from Penn State University. 

Patti Ceglio Johnson comes to JLT Specialty USA having most recently served as Managing Director at Krauter & Company from the inception of the firm in February 2005. In this position, she worked closely with the firm’s private equity client base from pre-acquisition (during the due diligence phase) through eventual exit. Prior to joining Krauter & Company, Patricia was Vice President, Senior Consultant within Aon Risk Service’s Technical Services area for nine years, during which time she spent four years in the Aon Mergers & Acquisitions Group (AMAG). Johnson’s role at JLT will be to develop the casualty claims management protocols within the Private Equity group and other specialty areas of JLT. She will also assist with the development of JLT’s diligence strategy as it relates to casualty claims analytics. Johnson received a B.A. in Psychology, with a minor in Business Administration, from College of Mount Saint Vincent. 

Ryan Farnsworth, an experienced insurance brokerage professional specializing in Financial Lines insurance products for public & private companies, including financial institutions, comes from Crystal & Company, where he served as Team Leader, Managing Director from 2010-2015. Prior to that, Farnsworth was Assistant Vice President at Aon, where he was a member of the Financial Services Group. In his position at JLT, Farnsworth will assume Financial Lines brokerage responsibilities with an emphasis on Financial Institutions. He received a B.S. in Business Finance from Brigham Young University. 

Charles Sternberg is a senior risk management consultant with more than twenty years of experience, specializing in due diligence, transactional risk products and portfolio insurance programs.  A Chartered Property and Casualty Underwriter and a Registered Professional Liability Underwriter, Sternberg most recently served as Senior Vice President & Project Manager at Marsh & McLennan where he led due diligence reviews of business insurance issues associated with financial and strategic investments. From 2007-2014, Sternberg served as Senior Vice President at Lockton Companies where he developed and implemented client-focused account and risk management strategies. In his position at JLT, Sternberg will lead the diligence team on both the pre and post-acquisition services, and will assist in the design of the company’s diligence product deliverable. Sternberg is a former United States naval officer and graduated with distinction from the Virginia Military Institute. He holds a Master of Business Administration from the College of William and Mary. 

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

JLT encourages any potential applicants interested in rapidly developing their careers and joining the 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 US platform of the leading Specialty business advisory firm Jardine Lloyd Thompson Group. Our experts have deep industry and product experience serving leading US 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. For more information, please visit our website 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.