Reinsurance brokerage Guy Carpenter, part of the Marsh & McLennan group of companies, has appointed long-time Marsh insurance broking senior executive Dean Klisura as its new President.
In a move many will see as a potential step on the route towards a CEO succession at Guy Carpenter, Klisura will become President of Guy Carpenter from October 1st 2020, be based in New York and will report directly to Peter Hearn, CEO.
Klisura has had a long career with Marsh, spending 27 year’s at the insurance broker working in a variety of senior roles, most recently as President of Global Placement and Advisory.
As President of Guy Carpenter, which is a newly created role, Klisura will be responsible for its North America, International, Specialty, and Global Strategic Advisory units and will also be tasked with assisting CEO Hearn in leading the firm’s overall strategy.
Hearn commented on the appointment, “Dean’s deep relationships with insurance carriers and his knowledge of our industry will serve Guy Carpenter well. His leadership of Marsh’s placement operations, especially during this challenging time for the insurance industry, will provide our team with critical insights as they develop innovative solutions to help our clients navigate this rapidly-changing market.”
Klisura added, “At this time of significant market change insurance companies are looking for new ways to manage their risk portfolios and identify opportunities for growth. Building on the relationships I have forged with carriers over many years at Marsh, I look forward to working with Guy Carpenter’s outstanding leadership team and colleagues to deliver the data-driven, market-leading solutions our clients need.”
With Klisura moving across to the reinsurance side of the MMC world, Lucy Clarke, President of Marsh JLT Specialty, will assume additional responsibility for Marsh’s Global Placement operations.
Marsh Advisory is set to report to Flavio Piccolomini, President of Marsh International, and Martin South, President of Marsh US and Canada, the company said.
John Doyle, Marsh President and CEO also said, “I continue to be proud of the way Marsh and its colleagues around the world have risen to the challenge to help our clients this year. Under the leadership of Lucy, Flavio and Martin, we will build on the advantage and strength of our placement and advisory services for clients. All of us at Marsh wish Dean well in his new role.”
Register today for ILS Asia 2023, our next insurance-linked securities (ILS) market conference. Held in Singapore, July 13th, 2023.
Get a ticket soon to ensure you can attend. Secure your place at the event here!