Jardine Lloyd Thompson Group plc (“JLT”), one of the world’s largest suppliers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, announced on November 6th the launch of JLT Towers Re, a new force in the international reinsurance market.
This launch follows the receipt of the regulatory approvals required to complete JLT’s acquisition of Towers Watson’s reinsurance broking business which was announced on 20 September 2013.
JLT Towers Re combines Towers Watson’s established North American and London Market reinsurance broking businesses with JLT Re’s international reinsurance operations, dynamic brand and strong London Market operation, creating a business that will provide clients with enhanced scale, capability and market presence.
Eric Steen, Senior Vice President of JLT Towers Re, Toronto, said: “This announcement removes all the prior ownership uncertainty that had surrounded the legacy Towers Watson Brokerage operation. As part of this new power house alliance our clients will continue to have access to Towers Watson’s industry leading integrated risk solutions. JLT Towers Re bridges modern reinsurance broking with consulting expertise tailored to our client’s needs.”
Alain Perreault, Executive Vice President, JLT Towers Re, Montreal, adds we continue to emphasize our long term commitment to service with our goal to meet and exceed our client’s requirements locally and through our expanded global capabilities and demonstrate our “Client First” value proposition.
Analytics and software are the foundation of our work throughout the world at JLT Towers Re. We aim to bring our clients the widest platform of analytics, but always remembering the value of insight accompanied with analytics.
JLT Towers Re can be reached at jlttowersre.com
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