Reinsurance News


MacColl joins JLT Re from Guy Carpenter as Head of Credit and Surety, NA

16th July 2018

JLT Re (North America), a subsidiary of the global provider of reinsurance broking and consultancy, has appointed Scott MacColl as Head of Credit and Surety for North America. In addition to his role in North America, MacColl is expected to work closely with global teams to help build out the Credit ... Read the full article

Cat models do not account for complex hurricane risks: JLT Re

12th July 2018

Whilst catastrophe models have historically proved accurate for conventional hurricane risks, they have not adequately accounted for events where losses extend beyond wind into areas that are not modelled or well understood, according to a new report by reinsurance broker JLT Re. The report, which examined the precision of modelled market ... Read the full article

JLT Re partners with CyberCube

11th July 2018

Reinsurance broker JLT Re has partnered with cyber risk analytics firm CyberCube in a move it says will “provide new and unique insights to help clients face the challenges of cyber risk.” The combination of JLT Re’s existing cyber and enterprise modelling tools with CyberCube is expected to enhance the reinsurance broker's offerings ... Read the full article

JLT Capital Markets completes placement of $45mn Oak Leaf Re cat bond

28th June 2018

Jardine Lloyd Thompson Capital Markets (JLTCM), an affiliate of reinsurance brokerage firm JLT Re (North America), has completed another private placement catastrophe bond, Oak Leaf Re 2018-1, which closed at $45.26 million. Oak Leaf Re 2018-1, which was sponsored by Southern Oak Insurance Company, is an Ultimate Net Loss (UNL) indemnity-based ... Read the full article

JLT FAC bolsters global team with two new Senior Executives

26th June 2018

JLT FAC, JLT Re’s facultative reinsurance arm, has announced the appointment of Nikki Melbourne and Joe Vitale as Senior Executives to its London and U.S. teams respectively. Melbourne joins the firm as Partner. She most recently served as Senior Underwriter at RSA and had previously worked as an underwriter at Allianz ... Read the full article

JLT Re North America appoints Todd Burgener as Executive VP

14th June 2018

Reinsurance broker JLT Re has announced the appointment of Todd Burgener as Executive Vice President (VP) for its North American operations. Based out of the company’s Chicago offices, Burgener will be working with healthcare captive clients and prospects to develop tailored risk transfer solutions. Burgener joins from Northwestern Memorial HealthCare where he ... Read the full article

Dedicated reinsurance capital to reach new heights in 2018: JLT Re

5th June 2018

Despite the impacts of 2017's catastrophe events, global, dedicated reinsurance capital is expected to reach a new high by the end of the first-half of this year, as both traditional and alternative capacity providers continue to drive a supply / demand imbalance, reports JLT Re. JLT Re, the reinsurance arm of ... Read the full article

Negligible rate increases at June 1st, Florida RoL Index up just 1.2%: JLT Re

1st June 2018

Reinsurance broker JLT Re has said that rate increases achieved at the key June 1st 2018 reinsurance renewals were negligible, as the firms Risk-Adjusted Florida Property-Catastrophe Rate-on-Line (ROL) Index rose by only 1.2%. JLT Re's research found that only low single-digit reinsurance rate increases were seen at the June 1st 2018 ... Read the full article

Cyber insurance must tackle ‘hidden costs’ of franchise value impact: JLT Re

1st June 2018

JLT Re has reported that cyber re/insurance must be expanded to better account for the ‘hidden costs’ of franchise value impact following a cyber breach, which often outstrip the reported losses of affected organisations by mid to high single-digit multiples. Many re/insurers already offer cyber liability policies that account for reputational ... Read the full article

JLT Re North America appoints Alain Bizet as SVP, Miami

25th May 2018

Reinsurance broker JLT Re (North America) has announced the appointment of Alain Bizet as Senior Vice President (SVP) in Miami. Alain will join JLT Re’s property team in Miami, focusing on the company’s broking efforts for the Caribbean, Central America, and the broader Latin American region. Most recently, Alain served as Assistant ... Read the full article

Low tornado activity as central U.S. weather events trend downwards: JLT Re

23rd May 2018

Having recorded their latest first-of-the-year tornado ever on May 1, Oklahoma joins Texas and Kansas in experiencing a particularly quiet tornado season so far in 2018. Nearing the season’s traditional half-way point, reports are running only 54% of normal, placing the first half of the US tornado season at roughly the ... Read the full article

Changing terror risk landscape pressures re/insurers to broaden appetites: JLT

2nd May 2018

The emergence of new terror-related risks continues to drive an increasingly complex and diverse terror risk landscape, adding pressure to insurers and reinsurers to develop new solutions and adopt new approaches to tackle the threat, according to insurance and reinsurance broker JLT. JLT has launched a new Viewpoint Report, which explores ... Read the full article

Market firming not consistent, but brokerage starts year positively: JLT

1st May 2018

While the reinsurance and specialty lines insurance markets have experienced a moderation or end to price reductions after the major losses of 2017, the pattern of firming rates is not consistent and restricted mainly to loss hit areas, according to JLT. Jardine Lloyd Thompson Group plc (JLT Group or JLT), ... Read the full article

JLT Re makes three new senior U.S appointments

4th April 2018

JLT Re (North America) Inc. has announced the appointments of George Daddario, Peter Chandler and Chip Ott to key executive positions within the company. Daddario, who joined JLT Re in 2014 in the acquisition of Towers Watson, has been appointed to the newly created role of Executive Chairman, and will be ... Read the full article

JLT Re names Vinod Krishnan as CEO, Asia Treaty

19th March 2018

Global reinsurance broking and consultancy provider JLT Re has announced the appointment of Vinod Krishnan as Chief Executive Officer (CEO), Asia Treaty. Krishnan, who is based in Singapore, will be responsible for developing JLT Re’s business in the region by building its treaty offering in the ASEAN nations and South Korea. He ... Read the full article

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