Mark Wood is standing down from his role as chief executive of JLT’s UK employee benefits business at the end of May, the firm has announced.
He will be replaced by Duncan Howorth who is returning to his former role after two years as chief executive of JLT Asia.
The moves come as part of a senior management restructure at JLT which also sees Dominic Samengo-Turner replace Howorth as chief executive of JLT Asia from 1 May.
Wood (pictured) replaced Howorth as chief executive of the UK business in January 2013 following stints as chief executive of Paternoster, the specialist buyout insurer, and chief executive of Prudential UK.
Howorth will continue in his role as the international chairman of JLT Employee Benefits.
Elsewhere, Ian Robinson, currently the chief operating officer (COO) of JLT Asia, is returning to the UK to take up the position of COO of Thistle Insurance Services, JLT’s underwriting and distribution arm, with effect from 1 July.
In addition, Warren Downey, currently chief executive of JLT Specialty’s regional risk practice and trading division, is appointed deputy chief executive and COO of JLT Asia, with effect from 1 May and 1 July respectively.
JLT Group chief executive Dominic Burke said: “I would like to thank Mark on behalf of the group for the key role he has played in the very strong progress of our UK employee benefits business, initially as non-executive chairman and more recently as CEO. We wish him well for the future.”
He added: “Duncan Howorth has done an outstanding job as CEO of JLT Asia over the last two and a half years in strengthening our market position across the region and in growing our employee benefits life assurance and healthcare businesses to represent nearly half of our revenues in Asia. His return to the UK coincides with a period of significant change and opportunity in the UK employee benefits industry and I am pleased that he is re-assuming leadership for what remains the second largest business in the group and one that he has played a critical role in building. His move will also enable him to focus more time on his important role as international chairman of Employee Benefits.”
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