JLT Towers Re launch expanded Bermuda operation
18 March 2014
London: JLT Towers Re is pleased to announce the launch of its newly combined operations in Bermuda. JLT Towers Re Bermuda, has been created through the merger of the businesses formerly known as JLT Re, Bermuda and Towers Watson Re, Bermuda following JLT Re’s acquisition of Towers Watson Re’s global operations.
Bradley Maltese, with executive responsibility for the Bermuda operations, said, “Bermuda is a key marketplace and this team will help us enhance relationships with Bermudian carriers and provide further impetus to JLT Towers Re’s growth aspirations in a number of classes of business.”
Guy Hengesbaugh will manage the day to day running of the operation and at the same time continue to work closely with George Daddario and other colleagues providing services to our North American clients. Guy is well known to the market from both his underwriting days and more recently his leadership of the Towers Watson Re, Bermuda operation.
Charles Withers-Clarke will head up the Specialty classes including Aviation, Energy, Marine and Space but will also work with other members of the team on specific P & C opportunities.
Gary Reynolds and Tom Doyle will lead our focus on ILW’s, Property and Retro working in collaboration with colleagues both in the U.S. and London
The combined businesses in Bermuda will operate from a single base at JLT Park Limited.
JLT Park is a Bermudian wholesale broking operation specialising in the fields of Property, Casualty, Professional Liabilities, Healthcare and Construction, and is part of the JLT Group.
Paul Scope, Chairman & Chief Executive of JLT Park Limited, said, “We are delighted JLT Towers Re Bermuda will be based in the same office as JLT Park. This will create increased opportunity for these teams to work together and capitalise on each other’s expertise and specialist knowledge. Since 2008 the JLT Park and JLT Re teams have worked closely and we look forward to building on that collaborative relationship.”
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Notes to Editors
Jardine Lloyd Thompson
Tel: (+44) 20 7558 3387/ (+44) 7920 586 032
About JLT Towers Re
JLT Towers Re was formed in 2013 when JLT Group acquired Towers Watson’s reinsurance business and merged it with JLT Reinsurance Brokers, creating a new force in the international reinsurance market.
With over 700 professionals in 30 locations across 16 countries, JLT Towers Re has established North American and London Market reinsurance broking businesses combined with international reinsurance operations and a dynamic brand, creating a business that provides clients with enhanced scale, capability and market presence.
JLT Towers Re is part of the Jardine Lloyd Thompson Group plc one of the world’s largest suppliers of insurance, reinsurance and employee benefits related advice, brokerage and associated services.
About JLT Park Limited
JLT Park is a Bermudian broking operation which has expertise in the fields of Property, Casualty and Professional Liabilities, Healthcare and Construction. JLT Park Limited is part of Lloyd & Partners Limited.
Lloyd & Partners is an independent specialist insurance broker at the forefront of the insurance industry. Lloyd & Partners is a wholly owned subsidiary of Jardine Lloyd Thompson Group plc.
Head of Communications & Marketing, JLT Re