Newly branded Carpenter Marsh Fac Re will combine the broker’s facultative reinsurance business for Latin America

Latin america

Marsh & McLennan Companies has formed a new combined business for its Latin American facultative reinsurance broking.

The Latin American facultative reinsurance business of recently acquired reinsurance broker JLT is being rebranded, along with Marsh and Guy Carpenter fac teams.

The new Latam entity for fac business is to be known as Carpenter Marsh Fac Re, subject to regulatory approvals.

Carpenter Marsh Fac Re will be led by Andrew Perry as its CEO.

Perry will be based in Miami and will report to Dean Klisura, president of global placement at Marsh, and Ricardo Brockmann, CEO of Marsh Latin America and Caribbean. 

London-based JLT was acquired by the reinsurance broking group on 1 April 2019.

“By combining the facultative reinsurance offerings of Marsh and Guy Carpenter with those from JLT we will be able to offer insurers and insurance buyers a more efficient way to access global reinsurance markets,” said James Nash, CEO, international, Guy Carpenter.

Perry is currently Mercer Marsh Benefits (MMB) leader. Before taking up his position at MMB in 2014.

He joined Marsh in 1988, was client and business development leader for Marsh’s LAC region before taking up his present position in 2014 as Mercer Marsh Benefits (MMB) leader.

Between 2004 and 2010 he served as Leader of Marsh’s LAC Risk Management segment, based in Buenos Aires.

Juan Carlos Gomez, currently leader of Guy Carpenter’s office in Colombia, will serve as deputy CEO, based in Bogota and reporting to Perry. 

Perry said: “Carpenter Marsh Fac Re will offer an even wider range of cost-effective risk transfer solutions across LAC. 

“I am excited to be leading a team of unrivalled talent that will deliver deeply specialised expertise across virtually every area of insurable risk,” he added.