Reinsurance News
JLT Specialty USA
Marsh agrees to split with specialty broker Construction Risk Partners
6th September 2019
Global re/insurance brokerage Marsh has reached an agreement with Construction Risk Partners (CRP), a specialty broker focused on US construction, whereby CRP management will buy back the company’s stock from JLT Specialty USA. CRP will begin operating as an independent construction risk and surety specialty insurance broker with immediate effect, maintaining ... Read the full article
Aviation market to remain stable through 2018: JLT Specialty
30th July 2018
JLT Specialty, a division of global insurance and reinsurance broker JLT Group, has noted continued underwriting discipline in the aviation insurance market so far in 2018, a trend that supports upwards pricing pressure during renewals in a relatively stable marketplace. After the analysis of second-quarter 2018 market conditions, as well as ... 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 Specialty USA names Josh Forbes as Senior Vice President
22nd March 2018
Insurance and reinsurance broker Jardine Lloyd Thompson (JLT) subsidiary, JLT Specialty USA, has announced the appointment of Josh Forbes as Senior Vice President (SVP). Forbes is based in New York, and will be responsible for building JLT Specialty USA’s Property Practice in a key growth market by delivering specialised solutions for ... 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
JLT Specialty appoints Leon Steenkamp as Head of Tax Insurance for M&A practice
26th February 2018
JLT Specialty has appointed Leon Steenkamp to Head of Tax Insurance within its Financial Lines Group Mergers and Acquisitions insurance practice. In his new role, Steenkamp will focus on growing the tax insurance business in the UK market, as well as supporting other JLT geographies. Ben Crabtree, Head of M&A Insurance for ... Read the full article
JLT Specialty USA to open headquarters in Chicago
19th January 2018
JLT Specialty USA has named Chicago as its chosen base for U.S Headquarters in a joint announcement with Rahm Emanuel, saying Chicago has been a "critical part" of the firm's expansion. Michael Rice, Chief Executive Officer (CEO), JLT Specialty USA, said Chicago became an obvious choice for investment "given its impressive infrastructure, ... Read the full article
Paul Woodward joins JLT Specialty as Head of NA Casualty from Marsh
18th January 2018
Insurance and reinsurance brokerage JLT Group subsidiary, JLT Specialty, has announced the appointment of Paul Woodward as Head of North American Casualty. Woodward joins JLT Specialty from Marsh, having previously worked for JLT until 2011. In his new role he will work closely with the broker's international team, with the aim ... Read the full article
JLT appoints Lucy Clarke to CEO of JLT Specialty
12th January 2018
Jardine Lloyd Thompson (JLT) has appointed Lucy Clarke to Chief Executive of the group’s worldwide insurance broking activities, with the title Global Chief Executive Officer (CEO) of JLT Specialty. The appointment is effective from the beginning of April 2018; the remit of this new role covers all JLT's business activities except ... Read the full article
JLT Specialty USA hires new SVP in San Francisco
30th June 2017
JLT Specialty USA, a division of global insurance and reinsurance brokerage, JLT Group, has hired Jennifer Schaeffer as Senior Vice President (SVP), based in San Francisco. She joins JLT Specialty USA from rival brokerage Aon plc, where she worked as an SVP with a focus on developing relationships with new customers, while advising ... Read the full article
JLT Specialty USA to develop InsurTech Workers’ Comp solutions with Altumai
14th June 2017
Insurance and reinsurance brokerage JLT Group subsidiary, JLT Specialty USA, has announced a new partnership with Internet of Things (IoT) and analytics driven solutions specialist, Altumai. In addition, it's important to ensure worker safety across the agricultural and food sectors, and also to mitigate injury and any long-term health implications of ... Read the full article
Mark Purdy joins JLT Specialty USA from Aon
9th June 2017
JLT Specialty USA, a subsidiary of insurance and reinsurance broker JLT Group, has announced the appointment of Mark Purdy as Senior Vice President (SVP), joining from Aon. Purdy will be based in the firm's Houston office, with a focus on assisting JLT clients with the improvement of their claims platform while boosting ... Read the full article
JLT Specialty USA expands Environmental Practice with Senior Broker hire
9th May 2017
Insurance and reinsurance broker JLT Group's U.S. subsidiary, JLT Specialty USA, has expanded its Environmental team with the addition of Grant Nichols, as Senior Vice President (SVP). Based in Philadelphia, Nichols joins the firm's Environmental Specialty Group as a Senior Broker with a focus on complex environmental insurance programmes. Mike Rice, Chief ... Read the full article
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