Reinsurance News
JLT
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
Gareth Davies joins Lockton in Bermuda from JLT
6th November 2017
Global insurance and reinsurance broker, Lockton, has announced the appointment of Gareth Davies, formerly Chief Executive Officer (CEO) of JLT Bermuda, as Senior Vice President (SVP), Property, Bermuda. Davies has more than 20 years of property broker experience in Bermuda, and has expertise in facultative reinsurance as well as alternative property ... 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
Hurricanes will place a brake on marine rate reductions: JLT
30th October 2017
Marine underwriters, excluding the yacht market, were largely spared a heavy Hurricane Harvey and Irma impact, but their reliance on the same pool of investment and reinsurance will likely have put a brake on the rate reductions experienced in the last years, according to JLT's recent energy market report. “Although there are now ... Read the full article
JLT announces acquisition of Belgibo
1st September 2017
JLT has acquired Belgium specialty broker Belgibo from EXMAR Group, as it grows its Europe presence and complements its existing Benelux operations. Belgibo is an Antwerp based specialist broker with strengths in marine, credit and political risks, aviation, cargo, employee benefits, logistics, construction and professional services. 66 Belgibo employees will join JLT ... Read the full article
JLT Re names Ben Gray as new London & International Cyber Treaty partner
31st July 2017
JLT Re has named Ben Gray as a new Partner in the firm's London and International Markets (LIM) team, where his main focus will be on Cyber Treaty reinsurance. Gray brings extensive experience in the Cyber Treaty reinsurance brokerage space, joining from a position as Cyber Treaty broker with Ed, prior ... Read the full article
JLT Specialty USA names Molly Nolan SVP
25th April 2017
A U.S. subsidiary of insurance and reinsurance brokerage JLT Group, JLT Specialty USA, has announced the appointment of Molly Nolan as Senior Vice President (SVP). With a focus on broking and client development, Nolan will be based in the firm's Boston office, and the new appointment further expands the company's specialty ... 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 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 Specialty hires cargo re/insurance broking SVP from Willis
15th February 2017
Insurance and reinsurance broker Jardine Lloyd Thompson's (JLT) U.S. subsidiary, JLT Specialty USA, has announced Jim White as its newly appointed Senior Vice President to head up its insurance and reinsurance cargo broking. White joins from fellow brokerage Willis Towers Watson, and will work with JLT’s global Cargo team with a focus ... Read the full article
“Too early to see a turn in the market,” says RBC
16th January 2017
The RBC Capital Markets analysts concluded after their sixth annual London Market trip meeting that despite pricing declines beginning to slow, 2017 would be too soon to see a turn in the market. Insurers still turned a profit in 2016, but results have begun to deteriorate, RBC reported. Overall prices fell by around ... Read the full article
JLT Re targets Latin American growth with latest acquisition
3rd January 2017
JLT Re has acquired Risk and Re-Insurance Solutions Corp (RRiSC), a Florida-based reinsurance intermediary that specialises in casualty treaty business, in a deal that will enable JLT Re to expand into key Latin American markets. In addition to taking on RRiSC’s client base in Puerto Rico and the Caribbean, ... Read the full article
JLT adds new office in New York for Reinsurance, Specialty, Capital Markets
19th December 2016
Jardine Lloyd Thompson Group plc (JLT), a leading insurance, reinsurance and employee benefits advisor, brokerage and service provider, has announced a move to a new office space in New York for its specialty, reinsurance and insurance capital markets units. JLT will be moving over 100 employees from its JLT Specialty USA, ... Read the full article
JLT Re acquires StoneHill Reinsurance Partners, LLC
19th December 2016
Reinsurance brokerage JLT Re, a subsidiary of Jardine Lloyd Thompson Group (JLT), has announced the acquisition of StoneHill Reinsurance Partners, LLC (StoneHill), a reinsurance intermediary that specialises in Medical Professional Liability business. StoneHill was established in 2012 by Dan Koshiol as an independent casualty reinsurance brokerage, based in Minneapolis, Minnesota, with a ... Read the full article
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