Guy Carpenter Makes Management Changes

February 13, 2007

Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has announced a number of changes to its executive leadership teams in North America, the United Kingdom and Europe, effective immediately.

David Priebe, 47, has been named Head of Guy Carpenter’s Global Specialty Operations, based in New York, where he will oversee the firm’s 16 Specialty Practices, Instrat(R) modeling and actuarial unit, and the Business Development unit. He was formerly President and CEO of Guy Carpenter & Company, Ltd., where he was the head of Guy Carpenter’s UK and Continental European operations. He will report to David Spiller, CEO of Guy Carpenter, LLC.

“Our organization works best when we integrate our local broking capabilities with our world-class Specialty operations. These leadership changes will enhance our ability to deliver better solutions for our clients,” Spiller stated.

Nick Frankland, 48, who has been appointed CEO of UK operations, and Andrew Marcell, 39, who has been named CEO of Continental European operations and head of Business Development and Specialty Practices within the UK and Continental European regions, will assume Priebe’s former responsibilities.

Michael Handler, 59, has been appointed Non-Executive Chairman for Continental Europe. He previously was Regional Manager of Guy Carpenter’s operations in Continental Europe.

Frankland has been with Guy Carpenter since 2004, most recently as Deputy CEO of the UK, responsible for the firm’s casualty book of business and business development within the region.

Marcell, who joined Guy Carpenter in 1990, was most recently leader of the firm’s Worldwide Casualty Specialty Practices. In his new role, he will be based in London. Both Frankland and Marcell will report to Geoffrey Bromley, Chairman of Europe and Asia Operations.

“With Nick’s leadership in the UK and Andrew assuming guidance of our Continental European operations, we have assembled an outstanding leadership team that will enable us to further build on our considerable strengths and aggressively drive growth across the region,” Bromley commented.

The firm also announced that Kevin Griffiths will replace Marcell as head of Guy Carpenter’s global Casualty Specialty Practices, effective immediately. Griffiths, 43, will be based in Philadelphia and report to Priebe.

Brian Hanuschak, 46, will assume Griffiths’ role as Eastern Region Business Development Leader, while continuing to head Guy Carpenter’s Alternative Risk Transfer Specialty Practice.

Priebe commented: “Kevin brings a wealth of experience to his new position as head of the Casualty Specialty Practice, given his previous leadership roles in business development and other specialty practices. Brian will also play a key role with prospects and existing clients as we continue to expand our business in the Eastern Region.”

Topics Excess Surplus Europe

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