MARSH and GUY CARPENTER, both wholly owned subsidiaries of Marsh & McLennan Companies (MMC), announced that, subject to regulatory approvals, they would combine their Latin American facultative reinsurance operations with those of Jardine Lloyd Thompson Group (JLT), which was acquired by MMC on 1 April, 2019.

The combined business will be known as CARPENTER MARSH Fac Re. "CARPENTER MARSH Fac Re will be Latin America's leading facultative reinsurance intermediary with market-leading data capabilities and expanding insurance market relationships to better serve clients".

CARPENTER MARSH Fac Re will be led by Andrew PERRY, currently MERCER MARSH BENEFITS (MMB) Leader, as CEO. He will be based in Miami and report to Dean KLISURA, President of Global Placement at MARSH, and Ricardo Brockmann, CEO of MARSH Latin America and Caribbean (LAC). Before taking up his position at MMB in 2014 Andrew PERRY, who joined MARSH in 1988, was client and business development leader for MARSH's LAC region. 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. He will remain based in Bogota and report to Andrew PERRY.

"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.