Jardine Lloyd Thompson Group (JLT) has appointed Jim Pierce as chairman of its new US specialty business, JLT Specialty Insurance Services.
Previously, Pierce was chairman of Marsh’s global industry practices, a role in which he provided leadership to Marsh’s aviation, construction, energy, infrastructure, marine, mining, power and rail practices.
Prior to this, Pierce worked at JLT USA and is recognised as one of the world’s leading experts in the energy insurance sector.
Pierce’s appointment is subject to the fulfilment of any existing contractual obligations and follows the appointment of Michael Rice as CEO and Patrick Donnelly as president and deputy CEO of JLT’s new US specialty operations.
These operations will have a particular focus on attracting leading industry professionals and winning clients in the targeted specialty areas of energy, construction, financial lines, credit, political & security and aerospace.
Commenting on the appointment, Rice said: "[Pierce] has a proven track record in the US market as an entrepreneurial and passionate client advocate and people leader.”
“His appointment is a very significant step in our plans to build a US specialty business of scale and relevance that adds real client choice to the market and empowers its people. I very much look forward to working with him.”
Dominic Burke, JLT Group CEO, added: “[Pierce] is an outstanding professional who knows, understands and shares JLT’s client-first culture and absolute focus on driving growth through deep specialisation, where his track record speaks for itself.”
“His appointment is a powerful endorsement of the compelling opportunity that our US specialty platform offers to leading industry professionals from across the insurance industry and I am delighted to welcome him back to JLT.”
