Guy Carpenter on Friday announced that John P. “Jay” Woods III has joined the firm as co-chairman of the recently formed Mutual Company Specialty Practice.

Woods joins Guy Carpenter from Towers Watson, where he was formerly the managing director of North American Brokerage. Prior to that, Woods was president of John P. Woods Co. Inc.

Woods will be based in New York and work with John Haldeman II, the other co-chairman of the practice.

“The appointment of Jay Woods reflects Guy Carpenter’s long-term commitment to our mutual company clients,” says Andrew Marcell, CEO of U.S. Operations at Guy Carpenter. “Woods brings a wealth of expertise that will complement our team’s own unparalleled depth and breadth of knowledge about the mutual company marketplace. As the leading mutual insurance company broker in the U.S. with more than 300 clients, Guy Carpenter is using our 90 years of experience working with mutual insurers to deliver products and services designed to help our clients reach their growth and profit potential.”

Source: Guy Carpenter