NEW YORK--(BUSINESS WIRE)--
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.
Marsh & McLennan Companies
Laura Cora, +1 212-345-2731
Missy DeAngelis, +1 917-937-3118
Marsh & McLennan Companies
Keith Walsh, +1 212-345-0057