Marsh & McLennan Companies (NYSE:MMC) announced today that Melvin A.
Schwarz, 63, will retire as general counsel of Guy Carpenter, the
Company’s reinsurance subsidiary, at the end of this year. Katherine J.
Brennan will succeed him and become a member of Guy Carpenter’s Board of
Managers and Global Operating Committee, effective January 1, 2014. She
will report to Peter J. Beshar, executive vice president and general
counsel of Marsh & McLennan Companies, and Alexander Moczarski,
president and chief executive officer of Guy Carpenter.
“Mel has been an extraordinary colleague within the Legal Department, as
well as a strategic advisor to numerous business leaders across the
organization,” said Mr. Beshar. “I would like to thank Mel for his
wonderful contributions and congratulate Kate on her appointment,” he
added. “Kate has been an invaluable member of our legal team, and I look
forward to continuing to work with her in her new role.”
Ms. Brennan joined the Marsh & McLennan Companies legal team in 2008 and
is currently senior counsel for corporate and securities matters. She
has also served as assistant corporate secretary and worked closely with
the Company’s Board of Directors, including acting as secretary of the
Audit Committee. Prior to joining the Company, Ms. Brennan was a
corporate lawyer at Dewey & LeBoeuf, where she also completed
secondments with Ambac Assurance Corp. and Scottish Re Group Limited.
She holds a bachelor’s degree from Duke University and a J.D. from the
University of Virginia School of Law.
Mr. Schwarz joined Guy Carpenter as general counsel in 2005. He is a
member of its Board of Managers and Global Operating Committee, and
co-chair of the Compliance and Risk Management Committee. Prior to
joining the Company, he served as a partner at Dechert LLP, where he
began and spent much of his career, starting in 1975. From 1998–2000, he
was special counsel for civil enforcement with the Antitrust Division of
the United States Department of Justice.
“On behalf of the Guy Carpenter management team, I want to thank Mel for
his extraordinary advice and counsel over the past eight years. We wish
him the best in his future endeavors,” said Mr. Moczarski. “I also
extend a warm welcome to Kate and look forward to her contributions to
Guy Carpenter.”
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE:MMC) is a global professional services
firm offering clients advice and solutions in the areas of risk,
strategy, and human capital. Marsh is
a global leader in insurance broking and risk management; Guy
Carpenter is a global leader in providing risk and reinsurance
intermediary services; Mercer
is a global leader in talent, health, retirement, and investment
consulting; and Oliver
Wyman Group is a global leader in management consulting. Marsh &
McLennan Companies’ 54,000 colleagues worldwide provide analysis,
advice, and transactional capabilities to clients in more than 100
countries. The Company prides itself on being a responsible corporate
citizen and making a positive impact in the communities in which it
operates. Visit www.mmc.com for
more information.
About Guy Carpenter
Guy Carpenter & Company, LLC is a global leader in providing risk and
reinsurance intermediary services. With over 50 offices worldwide, Guy
Carpenter creates and executes reinsurance solutions and delivers
capital market solutions* for clients across the globe. The firm’s full
breadth of services includes line-of-business expertise in agriculture;
aviation; casualty clash; construction and engineering; excess and
umbrella; excess and surplus lines; life, accident and health; marine
and energy; medical professional liability; mutual insurance companies;
political risk and trade credit; professional liability; property;
retrocessional reinsurance; surety; terrorism and workers compensation.
GC Fac® is Guy Carpenter’s dedicated global facultative reinsurance unit
that provides placement strategies, timely market access and centralized
management of facultative reinsurance solutions. In addition, GC
Analytics®** utilizes industry-leading quantitative skills and modeling
tools that optimize the reinsurance decision-making process and help
make the firm’s clients more successful. For more information, visit www.guycarp.com.
Follow Guy Carpenter on Twitter @GuyCarpenter.
*Securities or investments, as applicable, are offered in the United
States through GC Securities, a division of MMC Securities Corp., a US
registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166
Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000.
Securities or investments, as applicable, are offered in the European
Union by GC Securities, a division of MMC Securities (Europe) Ltd.
(MMCSEL), which is authorized and regulated by the Financial Conduct
Authority, main office 25 The North Colonnade, Canary Wharf, London E14
5HS. Reinsurance products are placed through qualified affiliates of Guy
Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe)
Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh &
McLennan Companies. This communication is not intended as an offer to
sell or a solicitation of any offer to buy any security, financial
instrument, reinsurance or insurance product. **GC Analytics is a
registered mark with the U.S. Patent and Trademark Office.
Copyright Business Wire 2013