London-listed broker JLT has promoted Lucy Clarke to the newly-created role of global CEO of JLT Specialty.
Effective April 2018, Clarke’s new remit will cover all the group’s business activities apart from reinsurance broking and employee benefits. She will report to group CEO Dominic Burke.
Clarke joined JLT in 2002 and leads JLT Specialty's energy and marine teams. She was appointed as deputy CEO of JLT Specialty in September 2015 and joined the group executive committee a year later.
The broker said that the creation of this new position reflects the increasing scale and importance of JLT’s Specialty insurance business.
This followed the completion of strategy review last year that placed a renewed emphasis on collaboration across the company’s divisions, regions and industry practices.
“Simplifying the structure of the group’s operations and management by combining all insurance broking activities under the JLT Specialty banner will better equip the group to realise its mission to become the leading global specialist risk adviser and broker,” JLT said in a statement.
Commenting on the appointment, Burke said: “I have every confidence that Lucy’s leadership of JLT’s global Specialty businesses will drive the growth of our market share and support our strategy to become the leading global specialist risk adviser and broker.”