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JLT Specialty Insurance Services Inc. Announces the Addition of Two Senior Executives to Its U.S. TeamJLT 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 announce the appointment of Jennifer Fahey and Steve Davey as Senior Vice Presidents. Jennifer brings a wealth of industry and client experience to the JLT Specialty team. She began her career at Johnson & Higgins and was recruited to Marsh's FINPRO practice. She started the Minet Group financial lines practice, where in 1998, Minet was acquired by Aon. At Aon, she held various roles within the Financial Services Group including New York regional leader and National Directors' & Officers' practice leader. In addition, she held the roles of U.S. Retail Sales & Marketing leader, and Chief Broking Officer for the Americas. Jennifer 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. Steve began his career at Thomas Weisel Partners, a boutique merchant banking firm, before transitioning into distressed debt and private equity. Thereafter, Steve served as Vice President with PNC (News - Alert), a national lender focused on leveraged, structured, and second-lien debt. Over the last few years, Steve served as a Director with AloStar, a specialty lender focused on leveraged debt; as well as Lateral Investment Management, a direct lender providing leveraged and structured debt investments. Steve is based in San Francisco and wil work closely with JLT's private equity and restructuring partners. Commenting on today's announcement, Michael Rice, CEO of JLT Specialty Insurance Services Inc., said: "JLT continues to add industry-leading talent to our U.S. team. We are building differentiated and unparalleled platforms to serve clients with complex risk issues. Jennifer and Steve bring unique experience and capabilities not found at other firms that will create considerable value for our clients." David Payne, Chief Revenue Officer of JLT Specialty Insurance Services Inc., added: "Our ability to bring specialized talent into our business is unparalleled in the industry. Both Jennifer and Steve have incredible relationships and proven track records of solving complex problems for clients. We are thrilled to have them as part of our team." Jennifer and Steve's appointments 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 becoming part of its U.S. Specialty team to contact Andrew Love at +1-877-355-1232, [email protected] or visit www.jltgroup.com. 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. |
