JLT reshuffles top management

JLT has reshuffled its top management team, which includes anointing Mark Drummond Brady as deputy group chief executive and putting JLT Specialty chief executive Martin Hiller in charge of Europe, the Middle East and Africa EMEA).

The changes coincide with the merger of JLT Specialty with Lloyds broking arm Lloyd & Partners.

The broking group has also named finance director Mike Reynolds as the new chief executive of reinsurance broking unit JLT Towers Re. He replaces current chief executive Alastair Speare-Cole, who will leave JLT at the ed of this year “to pursue other interests”.

Reynolds will continue in the finance director role until a replacement is found.

Drummond Brady was previously international risk and insurance chairman, but was already effectively group chief executive Dominic Burke’s second in command. He took over as acting chief executive when Burke took a two-month break this year.

Burke said: “Mark stepped in as interim group CEO during my recent brief absence and did an excellent job.

“His appointment as deputy group CEO will enable me to focus more of my time on delivering the group’s important strategic initiatives. I have the highest possible regard for Mark and am delighted that he has accepted this important new role.”

In his new role as EMEA chief executive, former JLT Specialty chief executive Martin Hiller will also be responsible for JLT’s managing general agency activities (MGA), including its UK MGA Thistle Insurance Services.

Lloyd and Partners chief executive John Lloyd has been named chief executive of the combined JLT Specialty and Lloyd and Partners business, which will be named JLT Specialty.

Burke said: “Martin has completed nine successful years as CEO of JLT Specialty. His appointment reflects the strong potential that we see in our EMEA, MGA and Thistle UK businesses and my confidence in Martin’s ability to build out their platforms and drive their growth.

“Taken together with today’s other announcements, these appointments mark an important and exciting step in JLT’s long term development and growth prospects.”