Reinsurance News
JLT RE
JLT Re adds Sammur from Gen Re to North America team
31st May 2017
Reinsurance broker JLT Re has appointed Tony Sammur as Executive Vice President in Stamford, Connecticut, hiring him from reinsurer Gen Re. Sammur will tasked with helping to continue the expansion and development of JLT Re’s Regional team, led by John DeMartini, Executive Vice President, JLT Re (North America) Inc. “We are pleased ... Read the full article
JLT Re hires Messenger as EVP in North America team
18th May 2017
JLT Re (North America) Inc., part of the reinsurance broking arm of JLT Group, has announced the hire of Greg Messenger as Executive Vice President in Chicago, Illinois. Messenger was most recently with Guy Carpenter, before which he worked at Aon Benfield and has over 35 years of industry experience, having ... Read the full article
JLT Re bolsters aviation team with two new hires
10th May 2017
JLT Re, the reinsurance arm of international insurance and reinsurance brokerage JLT Group, has added Graham Barden and Jon Warner as Partners within its aviation team, based in the firm's London office. Barden brings more than 40 years of aviation market experience to the role and has worked in both insurance ... Read the full article
Cyber risk as a standalone market will increase re/insurance industry resilience: JLT
24th April 2017
Cyber risk insurance and reinsurance continues to develop in what's now a crucial time for the marketplace and buyers of cyber protection. And while there's ample available, and essential reinsurance capacity to address and support the issue, JLT Re believes considering cyber as a standalone line of business could create a ... Read the full article
JLT Speciality appoints Gavin Shiels to Senior Vice President
7th April 2017
Jardine Lloyd Thompson Group’s U.S. subsidiary, JLT Specialty, has announced the appointment of Gavin Shiels to Senior Vice President. Shiels most recently served as Senior Vice President for Aon, where his primary responsibilities included managing consulting and brokerage services in Real Estate, Technology, Financial Institution, and Food & Beverage industries segments. He ... Read the full article
JLT Re adds new partners to facultative arm
30th March 2017
Reinsurance brokerage JLT Re has added two new appointments of partners within its JLT Fac unit that focuses on property, construction and casualty facultative reinsurance. Mark Leonard has joined JLT Fac from Guy Carpenter and takes on a role as a Partner and a senior Construction producer within the division. Leonard has ... Read the full article
JLT Re brings Essent Re and U.S. reinsurer together in mortgage risk sharing deal
22nd March 2017
JLT Re Global Mortgage Solutions, a division of JLT Re, has announced the successful negotiation of a public-private partnership advisory risk sharing transaction which will see the reinsurer deliver Government Sponsored Enterprise (GSE) risk expertise to a U.S. reinsurer working together with Essent Reinsurance. The reinsurer said the GSE’s mandate to reduce ... Read the full article
JLT Re partners with KatRisk for flood risk modeling
20th March 2017
Reinsurance brokerage and advisory JLT Re has partnered with KatRisk, a specialist flood risk modeller, to help it bring enhanced flood risk modeling capabilities to its client base. KatRisk is a specialist in the flood risk model space, with tools offering flood inundation maps at multiple return periods as well as ... Read the full article
U.S. hurricane tail risk potentially higher than averages suggest: JLT Re
3rd March 2017
JLT Re, the reinsurance arm of international brokerage JLT, has warned that future climate scenarios suggest that Northeast U.S. hurricane tail exposure is greater than historical averages claim. The warning comes from Josh Darr, Senior Vice President (SVP) & Lead Meteorologist of JLT Re North America, addressing an audience at a ... Read the full article
JLT announces executive changes, including appointment of Group COO
1st March 2017
Global insurance and reinsurance broker JLT Group announced a number of leadership changes across its business as part of its 2016 earnings release, including the appointment of a Group Chief Operating Officer (COO). Effective February 28th, 2017, Mike Methley has been named Group COO, leaving his role as Chief Executive Officer ... Read the full article
JLT Re grows ability to broker ILWs with expanded PCS relationship
27th February 2017
Reinsurance broker and advisory JLT Re has increased its ability to offer industry loss warranty (ILW) products to its clients, by expanding its relationship with PCS, a division of Verisk Analytics. The expanded relationship means that JLT Re, which is already one of the leading ILW brokers, now has the ability ... Read the full article
JLT Re expands Nordics team with two hires
24th February 2017
Reinsurance broker and advisor JLT Re is further expanding and developing its service offering to the Nordics region, adding two new hires to its broking and analytics capability. JLT Re recently added a new Head of its P&C reinsurance business for the Nordics last year, hiring Anna-Karin Toresson. These new hires ... Read the full article
JLT Re appoints Pang as Managing Director of JLT Re Philippines
30th January 2017
Global reinsurance broker JLT Re has announced the appointment of William Pang as a new Managing Director for JLT Re Philippines, subject to regulatory approval. Pang has been with JLT Re for five years, working out of Singapore to manage broking clients in Singapore, the Philippines and Vietnam. Pang had previously ... Read the full article
Reinsurance price declines moderated at 1/1, capacity levels static: JLT Re
24th January 2017
Reinsurance price declines continued to moderate at the key January 1st 2017 reinsurance renewals across the majority of business lines, but the supply/demand imbalance remains despite a slowdown in third-party capital inflow, says JLT Re. Reinsurance pricing remains at historically low levels in spite of a number of market drivers contributing to ... Read the full article
Upturn in reinsurance pricing unlikely: Morgan Stanley
13th January 2017
Equity analysts Morgan Stanley believe a meaningful upturn in reinsurance pricing is now remote with the market not likely to turn in the event of a large loss (~$50bn+). Morgan Stanley said a combination of reserve deterioration, large catastrophes, and unmodeled losses were needed for material changes to prices in the ... Read the full article