JLT Specialty Insurance Services Inc. Announces Appointment of Michael Anderson as Executive Vice President and U.S. Construction Practice Leader

DENVER--(BUSINESS WIRE)-- JLT 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 pleased to announce the appointment of Michael Anderson as Executive Vice President and U.S. Construction Practice Leader.

Anderson brings decades of experience in building and leading teams of construction insurance and surety experts in some of the largest brokerage and underwriting operations. At JLT Specialty USA he will be responsible for all aspects of managing the Construction Practice, from growing revenue to attracting talent and key clients. Anderson will join JLT Specialty USA’s Executive Committee.

“We are extremely pleased to bring on board someone of Mike’s caliber to lead our Construction Practice,” said Mike Rice, Chief Executive Officer of JLT Specialty USA. “Mike is a forward-thinker with industry-leading concepts and he will fit in perfectly with both our construction team and our Executive Committee. As we are constantly looking to further refine our company’s strategic direction, we look forward to leveraging Mike’s impressive background and years of successfully running and managing construction offerings. I am confident Mike will quickly become one of the key players in our operation.”

Prior to joining JLT Specialty USA, Anderson served as Managing Director and Chief Executive Officer of the U.S. Construction Practice at Marsh USA, Inc. In this capacity he was responsible for all aspects of Marsh’s sales planning and execution for construction risk in the U.S., leading a team of approximately 325 professionals. During Mike’s tenure at Marsh, from 2010 to 2014, its U.S. Construction Practice produced record revenue results and increased its market share significantly. The market share performance was driven by the team’s acquisition of more than 80 new contractor accounts during the period. Prior to that, Anderson was Executive Vice President and U.S. Contract Surety Practice Leader at Willis North America from 2000 to 2010. From 1998 to 2000, he was the Assistance Vice President and Head Underwriter International Surety at Reliance Surety Company, and from 1983 to 1998, he was with St. Paul Surety where he held numerous leadership positions. Anderson holds a Bachelor of Science in Business from Ferris State University in Michigan.

“Mike brings a wealth of relevant industry experience to the position and will be instrumental to the success of the Construction Practice as we continue to identify new and innovative ways to grow and expand our construction offering,” said Tim Mahoney, Executive Vice President and Chief Strategy Officer.

This important leadership announcement comes as JLT continues its strategy in expanding its U.S. capabilities around key Specialty areas of Energy, Technology, Construction, Financial Lines, Credit, Political & Security and Aerospace.

JLT encourages any potential applicants interested in rapidly developing their careers and becoming part of its U.S. Specialty team to contact Sue Corney at 518-782-3143, [email protected] or visit www.jlt.com

About JLT Specialty Insurance Services Inc.

JLT Specialty Insurance Services Inc. is the U.S. platform of the leading specialty business advisory firm Jardine Lloyd Thompson Group. Our experts have deep industry and product experience serving leading U.S. and global firms.

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 39 territories with more than 10,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 140 countries.

www.jlt.com.

Note to Editors:

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.

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JLT Specialty Insurance Services Inc.

Ashely Deal, 310-266-9464

[email protected]

or

Burson-Marsteller

Julia Friedman, 310-309-6603

[email protected]

Source: JLT Specialty Insurance Services Inc.