Long-standing leader David Priebe has been named as the new Chairman of reinsurance broker Guy Carpenter this morning.
Having worked at the brokerage since 1981, Priebe has held a range of leadership positions, most recent as its Vice Chairman.
Moving up to Chairman effective immediately, Priebe will continue to report to Guy Carpenter’s President and CEO, Peter Hearn and remains a member of the company’s Executive Committee.
Hearn commented on the news, “For decades, David has worked tirelessly to elevate Guy Carpenter’s reputation across the globe. He is a true client champion and has dedicated his career to helping Guy Carpenter identify client needs and develop and deliver solutions that help them profitably grow. No one is better suited to help steward the future of our firm as Chairman.”
“For the last several decades I have focused on advancing Guy Carpenter in the eyes of clients, markets and colleagues,” Priebe added. “I am honored to be named Chairman and am excited to continue to shape the future of the firm as we focus on helping our clients and colleagues grow.”
The company said the promotion of Priebe reflects its strategically aligned leadership structure and will help to deliver continued client benefits and growth.
Priebe will work with the CEO to continue and complete the integration of JLT Re capabilities following the acquisition of the firm by its parent.
He will also have a U.S. focus still, working alongside John Trace, CEO of North America to support key North America-based clients, as well as working with numerous global clients of Guy Carpenter.
Priebe will keep his oversight of the broker’s recently created Global Capital Solutions Group, made up of GC Securities and Global Risk Solutions, led by Shiv Kumar and Ed Hochberg respectively.
This group combines the reinsurance brokers capital markets, non-traditional solutions, M&A advisory and third party capital raising operations into an integrated team to drive client profitability and growth.
“David is a natural leader who possesses broad global experience in reinsurance and a proven record of delivering success to clients. His deep understanding of our business and our clients, combined with nearly 40 years of expertise in the industry, uniquely prepares him for the role,” Hearn said.