Richard H. Booth is Vice Chairman of Guy Carpenter & Company, LLC, a subsidiary of Marsh & McLennan Companies, Inc. He is involved with strategic development, operational performance and developing key client and industry relationships.
Mr. Booth retired as Chairman of HSB Group on March 31, 2009, upon the Company’s sale to Munich Re. Mr. Booth was President and Chief Executive Officer of HSB Group from January 2000 through June 2007. He served as Chairman from March 2000 to March 31, 2009.
In October 2008, Mr. Booth was appointed Vice Chairman of HSB’s parent company, American International Group, to lead a restructuring of the company’s corporate operations and oversee the separation of companies being sold by AIG. He also had responsibility for AIG’s global operations and systems, research and development, facilities and a variety of special projects. He retired from this position in April, 2009, after completing several significant strategic and operational restructurings of corporate operations.
Before joining HSB, Mr. Booth was Executive Vice President and a Director of Phoenix Home Life Mutual Insurance Company. Prior to joining Phoenix, Mr. Booth was President, Chief Operating Officer and a Director of The Travelers Corporation.
Mr. Booth is a member of the boards of Northeast Utilities Inc. and WorldBusiness Capital, Inc. He is also an advisor to Century Capital Management LLC and Brock Capital. He is a board member of the National Association of Corporate Directors – Connecticut Chapter.
He is a recipient of the United Way Community Service Award, the Junior Achievement Hall of Fame Award, the Urban League’s Founders’ Award, National Conference for Community and Justice Human Relations Award, the Boy Scout Distinguished Citizen’s Award, the Girl Scout Man of Merit Award, the State of Connecticut Distinguished Advocate for the Arts Award and an honorary doctorate from the University of Hartford. He was recently inducted into the University of Hartford’s Barney School of Business Hall of Fame.
Mr. Booth is a member of the American Institute of Certified Public Accountants, the Connecticut Society of CPAs, the Hartford Society of Financial Analysts, the Society of Financial Service Professionals and the Association for Investment Management & Research. He served on the Board of the FASB Advisory Council from 2004 – 2008.
Mr. Booth received his bachelor’s and master’s degrees from the University of Hartford Barney School.