New management scheme puts Carr in driver's seat
President and CEO of global captive management for J&H Marsh & McLennan, Andrew D. Carr, returns to Bermuda today after two weeks of travelling in relation to the new management structure emerging globally in the wake of the takeover of Johnson & Higgins by Marsh & McLennan.
The Bermudian has solidified his position at the top of a consolidated operation, which is responsible for a huge portion of the Island's captive management and insurance/reinsurance brokerage.
Before the merger, he was head of "Marsh Mac's'' worldwide captive management operation as president of Marsh & McLennan Management Services (Bermuda) Ltd.
He's back in the office today as the company undergoes relocation of offices, as a result of the merger. Marsh Mac senior staff are taking the top positions in both the captive management and brokerage sides as the two companies become integrated, according to an article in Business Insurance (BI) this week.
Two senior managers at the former Johnson & Higgins (Bermuda) Ltd. have been advised they have obtained positions at the combined company of J&H Marsh & McLennan.
Officials in New York have confirmed that senior vice president, captive management, Roger C. Gillett and vice president, broking, Sheila E. Nicoll are staying with the company. No one could say what roles they will play.
BI said Margaret J. Liptay is president and head of the office for J&H Marsh & McLennan's global brokering operations in Bermuda, after having been head of US client development.
Earlier this month, The Royal Gazette reported that long-time insurance man, Brian Hall, a Bermudian director of the former Johnson & Higgins and boss of its local operations, would finish up this month.
J&H told staff that Mr. Hall had elected to retire, but would be a future "consultant/advisor'' to J&H Marsh & McLennan and executives there would look forward to his "continuing counsel''.
Officials believe that it still will be some time before decisions are taken on staffing levels at the Bermuda offices, although no one could deny that redundancies may be made.
Marsh Mac executives have already begun such redundancies in other insurance marketplaces, but have said they have tried to reduce levels through normal attrition, wherever possible.
ANDREW CARR -- Solidifies his position at top.