Schreiber to exit JLT Hong Kong CEO role

February 25 2019 by Andrew Tjaardstra

Kurt Schreiber, chief of executive of JLT Hong Kong and Macau, is set to leave the global broker this summer after only 18 months in the role.

He arrived at JLT in January 2018 to replace Andrew Barrowman, who was promoted to head of specialty Asia, JLT.

Schreiber arrived after serving for over 12 years as managing director, corporate risk and broking, at Willis (now Willis Towers Watson) in Hong Kong. Prior to Willis he also worked at Aon and Marsh.

JLT told InsuranceAsia News that he is retiring and that he will be leaving the global broker on July 1 but wouldn’t pass further comment on personnel matters.

Schcreiber’s impending departure comes in the wake of UK-headquartered JLT sale to US rival Marsh & McLennan. The US$5.6 billion mega-deal is set to be approved by regulators in the next couple of months.

Last December Rohan Bhappu became chief executive of Marsh Hong Kong and Macau after relocating from Singapore, where he was managing director sales and industries Asia — also at Marsh. Bhappu replaced Lei Yu who became QBE’s North Asia chief executive and head of Asia-Pacific distribution.

Once the merger of Marsh and JLT is complete, Marsh has confirmed that David Jacob, head of Marsh’s Asia business, will continue to lead the combined group in the region, while Dominic Samengo-Turner, JLT’s Asia head, will become chief executive of Marsh-JLT Specialty in Asia.

Meanwhile, Marsh and Guy Carpenter will be moving offices in May from Wan Chai to Quarry Bay.