JLT Re, the global provider of reinsurance broking and consultancy and part of Jardine Lloyd Thompson Group plc, announced on Monday that it has combined forces with flood modelling company KatRisk to provide flood risk modelling capabilities to clients “across Canada and beyond.”
The partnership will enhance JLT Re’s flood risk modelling and primary pricing services to clients as the reinsurance broker continues to expand its global analytics capability, the company said in a press release.
“We continue to enhance our suite of analytical tools and services to bring the best insights to our clients,” David Flandro, global head of analytics at JLT Re, said in the release. “As weather-related risk continues to be a growing concern in many regions, it is important that we remain at the forefront of this issue.”
JLT Re noted that KatRisk’s suite of flood risk modelling tools includes both flood inundation maps at multiple return periods and software to generate location level probabilistic flood losses. The KatRisk model considers both pluvial and fluvial flooding using fully two-dimensional hydraulic simulations “with no lower limit to catchment size.”
“By adding KatRisk to our portfolio, we are able to analyze customized flood data and translate it into unique and valuable information for our clients,” Flandro added.
In May 2015, Jardine Lloyd Thompson Canada Inc. (JLT Canada) announced that it was opening a new Canadian regional office in Halifax, N.S. A statement from JLT Canada at the time said that Peter Campbell will lead the Halifax office and that the office will initially focus on construction, healthcare, life sciences, real estate as well as supporting the company’s public sector practice, “where JLT Canada already has national strength.”
JLT Canada has seven owned Canadian office locations: in Vancouver; Surrey, B.C.; Victoria, B.C.; Calgary; Ottawa, Toronto and Halifax.
JLT Re is part of the Jardine Lloyd Thompson Group plc, a global provider of insurance, reinsurance and employee benefits-related advice and associated services. The company owns offices in 41 countries and has more than 10,600 employees.