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Reinsurance News


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

JLT Re North America appoints Ariel Hernandez to Senior Vice President

5th March 2018

JLT Re North America has appointed Ariel Hernandez as Senior Vice President, set to lead the analytics efforts for the Caribbean, Central America and broader Latin America Region as part of the Miami treaty team. Hernandez joins JLT Re from a treaty underwriter role with the Chaucer Syndicates of The Hanover ... Read the full article

JLT outlines strategic re-org and transformation plans

28th February 2018

Global insurance and reinsurance brokerage and advisory, Jardine Lloyd Thompson Group plc (JLT Group or JLT), has outlined a new divisional structure and plans for a transformation programme. This morning JLT announced revenues of £1.386 billion for the full-year 2017, up 10% on the prior year, and reported profit before ... Read the full article

Erica Davis joins JLT Re as Senior Vice President of U.S. Cyber & E&O unit

15th February 2018

Reinsurance broker JLT Re has named Erica Davis as Senior Vice President (SVP), set to lead the Cyber and E&O practice for JLT Re in North America. Davis joins JLT Re from Zurich, where she most recently acted as SVP and Head of Specialty E&O after serving in a number of ... Read the full article

JLT Re launches economic capital modelling solution ANSER

19th January 2018

Reinsurance broker JLT Re has launched its own economic capital modelling solution for clients, named ANSER, ANalytics Software for the Evaluation of Risk. ANSER has been developed with the help of Ultimate Risk Solutions (URS), a leading independent economic capital modelling (ECM) software developer and has been designed to provide a ... Read the full article

Jeremy Fox to join JLT Re from Aon Benfield as Asia-Pacific CEO

15th January 2018

JLT Re, the global reinsurance arm of re/insurance broker JLT Group, has announced that Jeremy Fox has been appointed Chief Executive Officer (CEO) of JLT Re's Asia-Pacific unit (APAC), and that he will also become a member of the Reinsurance Global Executive Committee. Most recently, Fox served as Chief Operating Officer ... Read the full article

Soft market prevails at 1/1 but uncertainty over final Q3 fallout remains: David Flandro

5th January 2018

Commenting on the January 1st renewals JLT Re's Global Head of Analytics, David Flandro, said the market continues to be driven by the supply of reinsurance capital with an abundance of both traditional and alternative capital rushing in to fill the massive Q3 insured losses, but uncertainty over the final ... Read the full article

Rate movements varied at 1/1 but retro and D&F saw highest increases: JLT Re

2nd January 2018

After years of falling rates, global property catastrophe reinsurance lines saw upwards pricing movements at the January 1st, 2018 renewals, although the level of rate increases varied significantly across regions, according to reinsurance broker JLT Re. After the huge level of global catastrophe losses in the third-quarter of 2017 reinsurers were ... Read the full article

JLT Re announces $14.5 mn private placement weather cat bond

22nd December 2017

JLT Re North America (NA) subsidiary, Jardine Lloyd Thompson Capital Markets (JLTCM), has announced another private placement catastrophe bond, Market 2017-2 (Weather), which closed at $14.50 million. The bond provides single year parametric-based collateralized retrocession coverage for warm-weather winters across Europe. Michael Popkin, Managing Director and Co-Head of Insurance-Linked Securities at JLTCM, ... Read the full article

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