Reinsurance News
JLT RE
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
JLT Re names Desmond Bohan as Senior Vice President
6th December 2017
JLT Re has appointed Desmond Bohan, who joins from Frates, to Senior Vice President (SVP) as the broker looks to expand its program business. Bohan will be responsible for the continued expansion and development of JLT Re’s Program practice in North America, as the reinsurer continues to build its specialized program group ... Read the full article
JLT Re and CXIS announce P&C policy growth programme partnership
9th November 2017
Reinsurance broker JLT Re and CXIS have announced a new partnership for the launch of CXIS's Property & Casualty Retention and Policy Growth Programme. CXIS Joseph Serrano said; "We're thrilled to partner with JLT Re in bringing the benefits of the CXIS Retention programme to their clients. "Beyond JLT Re's deep market ... Read the full article
Premature to forecast post-catastrophe rate rises: JLT
7th November 2017
Insurance and reinsurance broker JLT Group said this morning that it is "premature to draw conclusions" as to how much re/insurance rates may rise following the spate of recent catastrophe losses. The brokerage said that due to the timing of both insurance and reinsurance renewals, the impacts of catastrophes including hurricanes ... Read the full article
JLT formally joins London Market’s electronic placing platform
1st November 2017
Global insurance and reinsurance brokerage and advisory, JLT Group, has joined the London Market's electronic placing platform, Placing Platform Limited, (PPL). The broker was actively involved in the early developmental stages leading up to the launch of the platform in July 2016, and says it's "encouraged by the progress being made." Following the ... Read the full article
Recent events highlight expanding U.S. protection gap
27th October 2017
The impact of recent hurricanes in the third-quarter of 2017 on parts of the U.S. brings the country's protection gap into focus, with greater insurance penetration required for what's considered the most developed market in the world. Hurricanes Harvey and Irma brought intense and damaging levels of rainfall, flooding and surge ... Read the full article
Spike in insured losses will change market mindset: JLT Re
27th October 2017
JLT Re expects the recent spike in insured loss activity to change perceptions of risk and the overall mindset of the market as well as impact property catastrophe pricing. The broker said in its latest Viewpoint report the market will feel a considerable impact of the combined total losses for Harvey, ... Read the full article
Reinsurance demand to increase in 2018: JLT Re
25th October 2017
As P&C premiums ceded as a percentage of gross premiums written come off cyclical lows JLT Re predicts the industry will see reinsurance demand continue to increase into 2018. In its Viewpoint Winds of Change report, JLT Re noted that even before the series of heavy 2017 insured losses, the market ... Read the full article
P&C sector’s strong capitalisation means record loss year is manageable: JLT Re
24th October 2017
The reinsurance market's strong capital base heading into 2017 is sufficient to manage losses from what's expected to be the costliest catastrophe loss year on record for the P&C sector, according to reinsurance broker, JLT Re. For just the third time on record, global insured catastrophe losses in 2017 are expected ... Read the full article
JLT Re partners with kWh Analytics to deliver solar energy solution
20th September 2017
JLT Re, the reinsurance arm of global broker JLT, has entered into a new partnership with data repository and risk management provider for the solar industry, kWh Analytics. The new partnership is JLT Re's latest move in the the InsurTech space, and will see the development of a new risk transfer ... Read the full article
The stars are “aligned” for private capital to enter Florida: JLT Re’s Flandro
15th September 2017
At the 2017 reinsurance conference Monte-Carlo press briefing, JLT Re's David Flandro highlighted potential opportunities for greater levels of private capital to enter the Florida market, in light of hurricane Irma. David Flandro, Global Head of Analytics at JLT Re, speaking at the reinsurance broker's press briefing, said; "The thing to ... Read the full article
JLT Re announces new Partner within its Paris office
13th September 2017
Global reinsurance broker JLT Re has announced the appointment of Thierry Cuisenier as a Partner within its Paris office, effective 18th September, 2017. Cuisenier has held numerous senior positions at a number of major reinsurance companies, and brings more than 25 years of industry experience to JLT Re, the reinsurance arm ... Read the full article
Stephen Balderston to leave Guy Carpenter for JLT Re
11th September 2017
Global reinsurance broker, JLT Re, has announced the appointment of Stephen Balderston from Guy Carpenter to its Credit & Political Risk team, as a Partner. Balderston spent eight years with broker Guy Carpenter, where he was Senior Vice President in Credit, Bond & Political Risk Treaty Reinsurance. He is expected to ... Read the full article
Carsten Thienel joins JLT Re’s Asia team from Ed
5th September 2017
JLT Re has named Carsten Thienel, who joins from a role with Ed as CEO of reinsurance for Asia Pacific, as its latest Asia Pacific team member, set to begin in the firm's Singapore office early 2018. Boasting a distinguished career of over 30 years in the industry, Thienel previously held ... Read the full article