JLT Specialty Insurance Services Inc. (JLT Specialty USA), a US subsidiary of Jardine Lloyd Thompson Group plc. (JLT), one of the world’s leading Specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, today announced the appointment of several new team members who will form the Credit, Political and Security Risk Practice (CPS).

This group will provide brokerage and advisory services to clients in the credit, political and security risk sector, structured credit, political risks, including political violence & terrorism insurance, kidnap & ransom, piracy, consultancy services encompassing country risk analysis, terrorism modelling, kidnap and ransom consultant modelling, and threat and risk studies and assessments.

The team of industry professionals who make up the new CPS Practice is comprised of senior level industry executives, each with extensive experience in both the insurance market and in terrorism and security analysis. The launch of the CPS Practice at JLT Specialty USA is an expansion of a longstanding and well established team at JLT Group that has been specializing in these areas of insurance for nearly 30 years.

The individuals appointed to this team include the following:

  • Matthew Strong, Head of CPS Practice;
  • Corina Monaghan, Senior Vice President;
  • Reid Sawyer, Senior Vice President; and

The appointments are part of the CPS business plan to build a market leading credit, political and security team in North America to provide clients with an unmatched specialised capability and expertise in this field.

“With a drop in economic growth in emerging markets comes increased security risk to assets and personnel,” said Nick Robson, Chief Executive Officer of Credit, Political & Security (“CPS”) Risk at JLT Group. “With considerable pressure on both emerging and developed economies due to a number of factors including the return of geopolitics, the end of the commodity supercycle, the continual threat of terrorism and unrest and economic uncertainty coupled with the underlying strength of corporate America means that credit, political and security risk concerns are of increasing relevance and importance to U.S. corporations and financial institutions.”

“During a time of great vulnerability, we are pleased to offer another highly specialized area of expertise to our current and future clients who will undoubtedly find value in the skillsets each of our new team members brings to the JLT Specialty team,” said Pat Donnelly, President & Deputy Chief Executive Officer at JLT Specialty USA. “We’re thrilled to be announcing the formation of a new CPS Practice and to be welcoming three team members to the JLT Specialty USA family.”

Matthew Strong serves as Head of Credit, Political & Security (“CPS”) Risk team for JLT Specialty USA and is based in Chicago. Prior to joining JLT Specialty USA, Strong was responsible for the global business development for CPS working with JLT's CPS clients and international network of specialists in ten financial centers. Before this Strong served as Managing Director for JLT CPS business in Asia for five years, based in Singapore. During his tenure, Strong successfully developed the business into one of the leading specialized credit and political risks brokers in Asia with a team of specialists across the Asian region, and JLT was awarded Political Risks broker of the year by Globe Trade Review for three consecutive years (2011-2013). Today, the team remains the market leading broking house within Asia. Strong has more than 19 years of experience in the insurance broking sector and for the last 16 years has specialized within the credit, political and security risk insurance market.

Corina Müller Monaghan, an experienced senior credit and political risk specialist is responsible for consulting and placing credit and political insurance on behalf of North American lenders and corporates. Prior to JLT Specialty USA, Corina was in charge of the political risk practice at Willis US where she was responsible for consulting and recommending political risk insurance solutions for US companies investing, lending, and trading in emerging markets. Prior to Willis, Corina worked in a similar capacity for Aon Crisis Management in NY. Corina has roughly 25 years of experience in this space and was a founding member of the World Bank’s Multilateral Investment Guarantee Agency. Her underwriting background includes Head of Political and Single Buyer Credit risks for Coface as well as Senior Underwriter at Chubb. Corina has written articles and has been quoted in several trade publications in the US and Latin America.

Reid Sawyer comes to JLT Specialty USA after retiring from the U.S. Army after more than 23 years of service. Based in Chicago, Sawyer works on a complete suite of risk services and products including political risk and country economic risk, counterparty risk, terrorism, political violence, war related risks and kidnap & ransom. Before joining JLT Specialty USA, Sawyer established an impressive career with the U.S. Army in a number of senior leadership positions including, most recently, serving as the Chief, Operational Assessments Group, U.S. Central Command (CENTCOM) where he was the senior intelligence strategist for CENTCOM’S most elite analytical team producing executive research forecasts and conducting strategic, political risk analysis for senior decision-makers throughout the U.S. Government.

Other positions include Director of the Combating Terrorism Center at the United States Military Academy, where he led national-level reviews of counterterrorism strategy, advised national and private sector leaders, and testified before Congress, additionally he served nine years in U.S. Special Operations Command . Sawyer earned a Bachelor of Science degree in International Relations and National Security Studies from the United States Military Academy at West Point and a Master’s in Public Administration degree from Columbia University where he was also an Adjunct Assistant Professor for eight years directing a graduate seminar in terrorism studies.

This announcement comes as JLT Specialty USA continues its strategy in expanding its U.S. capabilities around key Specialty areas of energy, technology, construction, real estate, private equity and financial institutions and aerospace. JLT is the only broking team to house credit, political and security risk capabilities in one seamless CPS International team, offering clients a full spectrum of risk assessment and mitigation options for their assets, including contractual, investment, physical assets or people.

JLT encourages any potential applicants interested in rapidly developing their careers and becoming part of its U.S. Specialty team to contact Sue Corney at 518-782-3143, sue.corney@jltholdings.com or visit www.jlt.com.

About JLT Specialty Insurance Services Inc.

JLT Specialty Insurance Services Inc. is the US platform of the leading Specialty business advisory firm Jardine Lloyd Thompson Group. Our experts have deep industry and product experience serving leading US and global firms.

About Jardine Lloyd Thompson Group plc.

Jardine Lloyd Thompson is one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT’s client proposition is built upon its deep Specialist knowledge, client advocacy, tailored advice and service excellence.

JLT is quoted on the London Stock Exchange and owns offices in 39 territories with more than 10,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 140 countries.
www.jlt.com

Note to Editors:

This announcement may contain "forward looking statements" regarding the financial position, business strategy or plans for future operations of the Group. By their nature, forward looking statements involve risk and uncertainty, relating to facts that are beyond the company's ability to control, such as future market conditions. Any such statements in this announcement speak only as at the date of this announcement. The company does not assume any obligation to, and does not intend to, revise or update these forward looking statements except as required pursuant to applicable law.