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Reinsurance News


JLT FAC names Joe Ameruoso as Head of North America Construction Casualty

15th October 2018

JLT FAC, the facultative reinsurance division of broker JLT Re (North America) Inc., has announced the appointment of Joe Ameruoso as Head of North America Construction Casualty, Facultative. Ameruoso will be based in JLT FAC’s New York Office, and joins the company from Starr Indemnity & Liability Co in Primary Construction, ... Read the full article

Private sector vital to successful closing of Asia’s protection gap: Peak Re’s Kershaw

20th September 2018

As Asia’s increasing economic prosperity continues to drive its countries to further develop and expand infrastructure, reinsurers are faced with one of its most important and complex tasks of the 21st century: ensuring that these regions and its people are protected from the inevitable impact of future natural catastrophes. The Managing ... Read the full article

Marsh & Mclennan acquires JLT for $5.6 billion

18th September 2018

Major mergers & acquisitions news breaking this morning, as it has been announced that broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) is to acquire Jardine Lloyd Thompson Group plc for $5.6 billion. The acquisition sees another of the mid-sized global insurance and reinsurance brokers going to a new ... Read the full article

Further cat losses may impact casualty and specialty lines: JLT Re’s Harrison

11th September 2018

While property catastrophe lines of reinsurance would likely prove resilient to a second consecutive year of heavy catastrophe losses, casualty and specialty lines might feel the impact more severely, according to Keith Harrison, Chief Executive Officer (CEO) for UK & Europe at JLT Re. Both traditional reinsurers and alternative capital markets ... Read the full article

Martin Blackwell to join JLT Re as a Partner, Capital Solutions

10th September 2018

JLT Re, the reinsurance arm of global broker JLT Group, has named Martin Blackwell as a Partner, Capital Solutions, effective October, 2018. He brings more than 40 years of market experience to the role, and was Head of Client Management at Capita, having most recently served as a senior consultant at ... Read the full article

Excess capital remains dominant price driver: JLT Re’s Ed Hochberg

10th September 2018

JLT Re, the reinsurance broking arm of global brokerage JLT Group, believes an absence of reinsurance rate increases following the the catastrophes of 2017 demonstrates how excess capital has more bearing on pricing than any other factor. Speaking in Monte Carlo today at the Reinsurance Rendez-vous, the Chief Executive Officer of JLT ... Read the full article

JLT Re appoints Henry Sanderson to London Global Markets division

9th September 2018

JLT Re, the reinsurance broking arm of global brokerage JLT Group, has announced that Henry Sanderson is to join the London Global Markets division this week. He will be focusing on Digital Risks & Innovation - Cyber and related products. “With our recent hiring of Erica Davis in New York and ... Read the full article

JLT Re hires Michel Fontaine from Guy Carpenter

7th September 2018

JLT Re, the reinsurance broking arm of global brokerage JLT Group, has hired Michel Fontaine, former Senior Reinsurance Broker at Guy Carpenter, as a Partner in its Paris Office. Fontaine has nearly 20 years of re/insurance market experience, having also previously held a number of senior positions Swiss Re, and started ... Read the full article

JLT Re hires Aon’s Vijay Mavani as Partner for Capital Solutions

6th September 2018

Reinsurance broker JLT Re has announced that Aon Benfield’s Vijay Mavani will be joining the firm as a Partner for its European and Global Capital Solutions business, starting in early 2019. Mavani has spent the previous 17 years at Aon Benfield, where he most recently served as Corporate Solutions Director. He ... Read the full article

JLT Re appoints Jamie Pocock to lead Cyber Analytics team

4th September 2018

JLT Re, the reinsurance broking arm of global brokerage JLT Group, has promoted Jamie Pocock to Head of Cyber Analytics. Pocock joined the firm in 2010 and has spent the past four years working within JLT Re’s Analytics Actuarial team. “In his new role, Jamie will oversee our various cyber analytical efforts ... Read the full article

JLT Re warns of inflection point as re/insurers accelerate reserve releases

3rd September 2018

JLT Re, the reinsurance broking arm of global brokerage JLT Group, has described the recent reserving practices of some insurers and reinsurers as somewhat aggressive, noting that some companies are accelerating their releases in certain business lines. While much of the marketplace focuses on the property catastrophe losses of 2017 as ... Read the full article

“Conditions are right” to buy more catastrophe reinsurance: JLT Re’s Ed Hochberg

31st August 2018

Ed Hochberg, Chief Executive Officer (CEO) of JLT Re in North America, has suggested that primary insurers are increasingly understanding the value of reinsurance following 2017’s catastrophe losses, and claimed that the “conditions are right” for them to buy more cover. “It’s clear that primary insurers increasingly recognise the valuable role ... Read the full article

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

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