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Reinsurance News


Gallagher completes takeover of JLT’s aerospace business

3rd June 2019

Global insurance brokerage Arthur J. Gallagher & Co. has announced the completion of its acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations. The transaction, which was first announced in March 2019, is expected to significantly expand Gallagher’s existing aerospace team. The broker’s global aerospace operations now includes offices ... Read the full article

Aon adds JLT’s Dave Barratt to its UK Risk Settlement team

2nd May 2019

Global insurance and reinsurance broker Aon has appointed JLT's Dave Barratt as a Senior Consultant within its UK Risk Settlement team. Barratt joins after spending 13 years with rival broker JLT, where he was an experienced defined benefits settlement consultant within JLT Employee Benefits. Throughout his career, Barratt has advised numerous trustees and ... Read the full article

Marsh & McLennan finalises JLT acquisition

1st April 2019

Marsh & McLennan Companies, Inc. (MMC) has announced the completion of its acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value. The deal, first announced in September 2018, is expected to boost MMC’s position in insurance and reinsurance broking, health and retirement. It will ... Read the full article

European Commission clears Marsh-JLT takeover

25th March 2019

The previously-announced acquisition of Jardine Lloyd Thompson (JLT) by Marsh & McLennan Companies (MMC) has been approved by the European Commission. The Commission examined the proposed deal’s effect on competition in markets where the two companies' activities overlap. This includes the supply of insurance broking services for specialty sectors - such as ... Read the full article

JLT’s Howett to become Marsh Ireland CEO; Grogan made Exec Chairman

5th March 2019

The Managing Director of JLT Ireland Patrick Howett is to become the Chief Executive Officer of Marsh Ireland upon the completion of Marsh & McLennan Companies’ previously-announced $5.6 billion acquisition of JLT Group. Meanwhile, Joe Grogan has been appointed Executive Chairman of Marsh Ireland. Both Howett and Grogan will be based in ... Read the full article

JLT & Allianz partner on corporate reputation cover for SMEs

28th February 2019

JLT Specialty and Allianz Global Corporate & Specialty (AGCS) have partnered on the launch of a new corporate reputation insurance product targeted at small and medium-sized enterprises (SMEs) in the UK. Reputation Protect Plus provides coverage against the loss of net operating profit from a reputational crisis combined with a crisis ... Read the full article

Further rate strengthening expected in U.S. commercial auto sector: JLT Re

5th February 2019

JLT Re (North America), a division of the reinsurance arm of global brokerage JLT Group, is anticipating further rate strengthening in the U.S. commercial auto sector in 2019 and through 2020. The broker recently published its Commercial Auto Market Briefing, a new report which analyses both accident frequency and severity, corrective ... Read the full article

MMC names Portalatin Vice Chair, Ferland becomes Mercer CEO

17th January 2019

In the wake of its $5.6 billion acquisition of Jardine Lloyd Thompson (JLT) Group, broking and advisory giant Marsh & McLennan Companies (MMC) has announced the appointment of Martine Ferland as President and Chief Executive Officer of its global consulting subsidiary Mercer, effective 1 March 2019. Ferland replaces Julio Portalatin, who served ... Read the full article

Guy Carpenter restructures to accommodate JLT Re teams

17th January 2019

Reinsurance broker Guy Carpenter has announced the establishment of a new Global Capital Solutions Group that will be led by the firm's Vice Chairman, David Priebe. At the same time, the firm has revealed a series of new appointments, all in relation to the acquisition of JLT Group by its ... Read the full article

London marine energy market “chaotic” but hardening: JLT

15th January 2019

The London marine energy re/insurance market continues to exhibit “chaotic and undisciplined” underwriting practices but finally seems to be emerging from a prolonged period of softening rates, according to analysts at JLT. The firm’s latest quarterly energy report observed that the predominately younger workforce in the London and Lloyd’s markets has ... Read the full article

Marsh & McLennan issues $5bn senior debt to fund JLT acquisition

9th January 2019

Broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) has outlined plans to issue $5 billion of senior debt to fund its previously announced $5.6 billion acquisition of Jardine Lloyd Thompson Group (JLT). The offering consists of six tranches of senior notes with maturities of up to 30 years. MMC stated ... Read the full article

Downstream energy rates set to improve after difficult 2018: JLT

8th January 2019

Rates in the downstream energy sector look set to improve in 2019 as re/insurance companies finally take a stand against increasingly poor underwriting results over the last few years, according to analysts at JLT. The re/insurer’s latest quarterly energy report noted that management oversight and pressure to turn rates around has ... Read the full article

Global, dedicated reinsurance capital hits $348bn in 2018: JLT Re

2nd January 2019

Estimated global, dedicated reinsurance capital increased by $2 billion in 2018 to $348 billion, driven by growth in the traditional arena as the volume of alternative reinsurance capital remained flat, according to reinsurance broker JLT Re. JLT Re, the reinsurance arm of global brokerage JLT Group, said recently that the Read the full article

Marsh-JLT Specialty announces key leadership changes for UK & Ireland

20th December 2018

Following yesterday's news of global re/insurance broker Marsh's intended global leadership reshuffle, the firm has announced a number of further appointments - this time focused on key UK & Ireland roles within what will be known as Marsh-JLT Specialty - as its’ parent, Marsh & McLennan Companies, prepares for the ... Read the full article

Combining Marsh, JLT talent a chance to deliver greater value to clients: Marsh CEO

19th December 2018

Global re/insurance broker Marsh has revealed a slew of new appointments as the organisation's parent, Marsh & McLennan Companies, prepares for its acquisition of JLT, with Chief Executive Officer John Doyle stating that the combination of Marsh’s and JLT’s capabilities and colleagues is an “exciting opportunity to deliver greater value ... Read the full article

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