Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, has appointed Robert Johnston as Chairman of its Bermuda operations, and Peter Komposch as Head of Casualty and Specialty, Bermuda.
The appointments are effective immediately and both Johnston and Komposch join Guy Carpenter from rival brokerage Aon.
Johnston brings almost two decades of experience in Bermuda to the role, most recently serving as President of Aon Reinsurance Solutions in Bermuda. He will report to John Trace, Chief Executive Officer (CEO) of North America, and Kevin Fisher, Chairman of UK and Global Specialties and Chairman of London North America.
Komposch previously served as Managing Director of Aon Reinsurance Solutions in Bermuda, and also brings significant industry experience to Guy Carpenter’s Bermuda operations. He will report directly to Robert Johnston and John Fletcher, CEO of Bermuda.
Commenting on the appointments, Trace said: “I am delighted to welcome Robert and Peter to Guy Carpenter. These appointments create an exciting opportunity to further build on our team, significantly increasing Guy Carpenter’s casualty expertise in Bermuda while deepening the connection to Guy Carpenter’s colleagues in North America and London.”
The firm has also announced that Fletcher, who has led the Guy Carpenter team in Bermuda since 2018, has been appointed CEO of Bermuda. In this role he will continue to report to James Boyce, CEO of Global Specialties.
Guy Carpenter has also named Jonathan Ogilvie as Head of Retrocession, Bermuda, and Chris Dart has been appointed to Head of Property Treaty, Bermuda.
The reinsurance broker states that the appointments of Johnston and Komposch is part of its ongoing investment in its Bermuda business, with the firm looking to enhance its position in the region and take advantage of growth opportunities.
Fisher added: “We see considerable opportunity for growth in Bermuda overall and specifically the casualty sector. By bringing together this exceptional team of broking talent under Robert and John’s leadership we are perfectly positioned to access that potential.
“Moving forward, we will continue to create market-advancing, client-centric solutions that will serve to boost our service delivery capabilities and help us strengthen existing relationships as well as forge new ones.”