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Reinsurance brokers merge to form JLT Towers Re 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 North American clients, JLT said. “Guy is well known to the market from both his underwriting days and more recently his leadership of the Towers Watson Re, Bermuda operation,” the statement added.

“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 ILWs (industry loss warranties), Property and Retro working in collaboration with colleagues both in the US and London.”

The combined businesses in Bermuda will operate from a single base at JLT Park Ltd. It is a Bermuda-based wholesale broking operation specialising in the fields of Property, Casualty, Professional Liabilities, Healthcare and Construction, and is part of the JLT Group.