JLT Specialty Insurance Services Inc. Announces Appointment of Timothy Mahoney as Executive Vice President and Chief Strategy Officer
23 February 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 delighted to annouce the appointment of Timothy Mahoney as Executive Vice President and Chief Strategy Officer.
Tim brings a wealth of industry and client expereicne to the JLT Specialty team. Throughout his 24 year career at Marsh, Tim has held many senior positions, including CEO of the Americas, responsible for the P&L and business operations in the United States, Canada and Latin America. Tim was Marsh's Chief Client Officer of North America where he was responsible for growth, retention and pricing strategies as well as operational responsibilities for the Distribution Practices. For several years, Tim was President of Marsh's Global Risk Management, Multinational and Industry practices. Earlier, Tim was head of Marsh's Global Client Development, responsible for the Client Executive, Sales and Industry Practices and GCD's Marketing & Operations. Tim has been a member of Marsh's Global Executive Committee, North American Operating Committee and US Strategic Leadership Group.
Tim is based in New York and will work closely with JLT clients and prospective clients across the U.S. to assist with their risk management needs. In addition, Tim will be working closely with Michael Rice, CEO and Pat Donnelly, President and Deputy CEO of JLT Specialty Insurance Services Inc., to continue to grow the JLT Specialty U.S. business.
Commenting on today's announcement, Michael Rice said: "The expansion of JLT's executive team further strengthens our commitment and ability to meet clients and prospective client's needs. We are thrilled to welcome Tim to JLT as he brings a wealth of experience and industry knowledge to our firm."
Pat Donnelly added: "Tim is a significant addition to JLT as we continue to grow our U.S footprint. We are excited to have Tim as part of our team as he will play a key role in delivering creative solutions and tremendous value to our clients."
Tim's appointment continues to follow JLT's strategy to significantly expand its U.S. capabilities into the Group's key specialty areas, including Technology, Energy, Aerospace, Aviation, Retail, Financial Services, Private Equity and Construction.
JLT encourages any potential applicants interested in rapidly developing their careers and becoming part of its U.S. Specialty team to contact Andrew Love at +1-877-355-1232, firstname.lastname@example.org or visit www.jltgroup.com
JLT media contacts:
Chairman, JLT Specialty Insurance Services Inc.
+1 713 504 4662
Assistant Vice President, Marketing, JLT Specialty Insurance Services Inc.
+1 310 266 9464
Head of Group Corporate Communications
+44 20 7528 4933
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 10,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 140 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