JLT Re has acquired Risk and Re-Insurance Solutions Corp (RRiSC), a Florida-based reinsurance intermediary that specialises in casualty treaty business, in a deal that will enable JLT Re to expand into key Latin American markets.
In addition to taking on RRiSC’s client base in Puerto Rico and the Caribbean, the RRiSC team will leverage the relationship between JLT Re and other JLT Group businesses to drive growth in the major markets of Puerto Rico and the Caribbean.
Ed Hochberg, CEO of JLT Re (North America) said; “We welcome the RRiSC team and their clients to JLT Re, and we look forward to a great start together in 2017.”
The RRiSC team will join JLT Re immediately.
Anthony Mirabal, RRiSC’s President and Managing Director, said; “We are thrilled to join JLT Re and look forward to offering our clients the benefits of the JLT Re platform and access to JLT Re’s Analytical expertise.
This deal builds on a strong existing professional relationship between RRiSC and JLT Re, and I look forward to continued success and growth together as JLT Re.”
Alison Wham, Head of JLT Re in Miami, added; “Latin America offers a huge opportunity for JLT Re.
The addition of RRiSC further underlines our commitment to this region, while enhancing collaboration with the JLT Latin America Network for the benefit of JLT clients.”
