Reinsurance News
JLT
JLT Re warns of inflection point as re/insurers accelerate reserve releases
3rd September 2018
JLT Re, the reinsurance broking arm of global brokerage JLT Group, has described the recent reserving practices of some insurers and reinsurers as somewhat aggressive, noting that some companies are accelerating their releases in certain business lines. While much of the marketplace focuses on the property catastrophe losses of 2017 as ... Read the full article
JLT Specialty hires Nigel Somerville as Head of Risk Consulting for Europe
7th August 2018
JLT Specialty, a division of global insurance and reinsurance broker JLT Group, has appointed Nigel Somerville as Head of Risk Consulting for Europe. Somerville will be tasked with driving JLT Specialty’s value proposition in risk advisory and consultancy areas across Europe, and will work closely with JLT’s global consulting leadership to ... 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
JLT CEO says broker is preparing for a no-deal Brexit: Reuters
26th July 2018
The Chief Executive Officer (CEO) of global insurance and reinsurance broker JLT Group, Dominic Burke, has reportedly told Reuters that the firm is "working on a position of a no-deal Brexit." Exactly what the UK's vote to leave the European Union (EU) means for the country and its financial services industry ... Read the full article
JLT Specialty expands European Cyber practice with four new hires
24th July 2018
JLT Specialty, the specialist insurance broker and risk consultant, has expanded its European Cyber practice with four new senior appointments in London and Stockholm. Monica Tigleanu joins the practice as a Partner from Beazley, where she served as an Underwriter for Cyber Risk. As a certified Information Privacy Professional, she is experienced ... Read the full article
Dedicated reinsurance capital to reach new heights in 2018: JLT Re
5th June 2018
Despite the impacts of 2017's catastrophe events, global, dedicated reinsurance capital is expected to reach a new high by the end of the first-half of this year, as both traditional and alternative capacity providers continue to drive a supply / demand imbalance, reports JLT Re. JLT Re, the reinsurance arm of ... Read the full article
JLT Specialty appoints Hamish Roberts to lead power business
15th May 2018
Specialist re/insurance broker and risk consultant JLT Specialty has appointed Hamish Roberts to lead its London-based power specialty business. Roberts will coordinate with JLT’s power specialists internationally and will oversee the power business, which combines JLT’s specialist sector knowledge to offer a suite of services to both regulated power companies and ... 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 implements Club Vita and RiskFirst systems to model DB pension plans
30th April 2018
Insurance and reinsurance broker JLT has announced that it will become the first actuarial consultancy to apply Club Vita’s longevity analytics capabilities to defined benefit (DB) pension plans through RiskFirst’s PFaroe modelling system. DB clients at JLT will now be able to conveniently set best-estimate longevity assumptions and strengthen their decision-making ... Read the full article
JLT acquires major U.S. broker International Risk Consultants
28th February 2018
Jardine Lloyd Thompson Group plc (JLT) has acquired International Risk Consultants (IRC), a leading U.S. broker specialising in trade credit, single-and-multi-buyer, and political risk insurance. The acquisition will see IRC positioned as a risk specialist within JLT’s global credit, political and security (CPS) risk resources. IRC’s trade credit and political risk specialties ... 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
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
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