JLT Specialty Insurance Services Inc. Announces Appointment of John McNally as Leader & Senior Vice President of its Transact...
27 April 2015 - 10:00PM
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 John
McNally as Leader and Senior Vice President of its Transaction
Advisory Practice.
McNally will support JLT Specialty USA’s private equity and
corporate clients in proactively utilizing insurance to facilitate
the successful closing of M&A transactions. He will also
closely work with JLT Specialty USA’s other practice groups, such
as its Energy practice, Environmental practice and Special
Situations Group, where he will bring his transactional expertise
to assist JLT Specialty USA’s clients and partners. His product
offering includes: representations and warranties insurance, tax
insurance, successor liability and litigation buyout insurance.
McNally will be based out of New York and will also be a key part
of the U.S. private equity practice.
“We are excited to announce that John is coming on board to help
lead and develop this key practice area for JLT Specialty USA,”
said Mike Rice, CEO. “John brings an impressive 20-year career of
successfully developing and implementing truly specialized
offerings to assist clients during some of their most critical
moments. John will be a true asset to the JLT Specialty USA team
and we look forward to leveraging his many talents as we constantly
look for ways to better service our clients.”
"John is a valuable asset focusing on one of the fastest growing
areas of insurance: utilizing insurance capital to facilitate the
successful closing of transactions,” said David Payne, EVP and
Chief Revenue Officer. “We are pleased to have John as part of our
team and look forward to introducing him to our clients and
partners."
Prior to joining JLT Specialty USA, McNally served as team
leader of transaction liability at Beazley Furlonge Ltd. (Beazley
Group) in London. For more than five years, his duties and
accomplishments included underwriting transaction liability risks
on a global scale, building the transaction liability book,
pioneering the use of a quantitative rating model to incorporate
market frequency and loss data, risk weighting by jurisdiction,
sector and other factors, and optimizing pricing for deal size,
limit and attachment point.
Previously, McNally was with AIG for more than 15 years where he
held positions from claim manager, to vice president, to team
leader of the mergers & acquisitions insurance group in London.
As team leader, McNally worked closely with clients, helped build
AIG’s international M&A insurance group, underwrote on a global
basis, was the first insurer to write fund liquidation insurance
and litigation insurance on international deals and led development
efforts on principal M&A deals for AIG.
McNally is a regular presenter at M&A, legal and insurance
industry conferences, and is a frequent author and contributor to
articles on transaction liability in various industry publications
and financial media outlets. McNally holds a Juris Doctorate from
Fordham University School of Law in New York and a Bachelor of Arts
in philosophy from the University of Chicago.
This announcement comes as JLT continues its strategy in
expanding its USA capabilities around key specialty areas of
energy, technology, construction, financial lines, credit,
political & security and aerospace.
JLT encourages any potential applicants who are interested in
rapidly developing their careers and becoming part of its U.S.
Specialty team to contact Sue Corney at 518.782.3143,
sue.corney@jltholdings.com 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.
Burson-MarstellerJulia Friedman,
310-309-6603julia.friedman@bm.comorJLT Specialty Insurance Services
Inc.Ashely Deal, 310-266-9464ashely.deal@jltus.com
Jardine Lloyd Thompson (LSE:JLT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Jardine Lloyd Thompson (LSE:JLT)
Historical Stock Chart
From Apr 2023 to Apr 2024