New York — Marsh & McLennan Cos. Inc. (MMC) announced a change in leadership at its Guy Carpenter & Co. LLC reinsurance services subsidiary.

Peter Zaffino was named CEO of Guy Carpenter, succeeding David Spiller in this position. MMC also appointed Britt Newhouse as chairman of Guy Carpenter. Both appointments are effective immediately. Zaffino and Newhouse will report directly to Brian Duperreault, president and CEO of MMC.

“In Peter and Britt, we have a wealth of reinsurance industry knowledge and experience,” Duperreault says. “They have contributed enormously to Guy Carpenter’s success over the years, and have demonstrated their leadership abilities most recently by guiding the firm through today’s soft market conditions. I look forward to working closely with them both in their new roles.”

Zaffino joined Guy Carpenter in 2001. Prior to his current role as EVP and Head of U.S. Treaty Operations, he was responsible for treaty operations for Guy Carpenter’s U.S. Eastern Region and, prior to that, led the global Specialty Practices. Before joining Guy Carpenter, he served in an executive role with a GE Capital Services company specializing in casualty treaty reinsurance and oversaw all treaty production and underwriting.

Newhouse joined Guy Carpenter in 1979 as part of the firm’s New York Casualty Treaty Department. He is currently president of the Americas broking operations, and a member of the firm’s Executive Committee. Previously, he headed the U.S. Eastern Region, and served as the New York branch manager. Prior to joining Guy Carpenter, Newhouse began his career as an underwriter with AIG.

Source: Marsh & McLennan Cos. Inc. 

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