Business Services Industry
McGill to help lead Benfield foray into primary business; Former JLT chief to advise reinsurance broker on expansion.(International)(Steve McGill)(Jardine Lloyd Thompson Group P.L.C)(Benfield Group Ltd)(Brief Article)
Business Insurance, April, 2005 by Aldred, Carolyn
Byline: Carolyn Aldred LONDON-Steve McGill, the former head of Jardine Lloyd Thompson Group P.L.C., is helping JLT rival Benfield Group Ltd. drive its expansion into the primary insurance brokerage sector. Mr. McGill resigned as chief executive of London-based JLT late last year after JLT announced lower-than-expected profits (BI, Dec.
6, 2004). He had been JLT's CEO since 2002, when he replaced Ken Carter, who has returned to the helm until Mr. McGill's successor is found. A spokesman for London-based Benfield confirmed last week that Mr. McGill recently joined the company "as a consultant to advise on the group's plans to establish a primary insurance broking business.'' The reinsurance intermediary's decision to bring in Mr. McGill is the latest...
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