JLT Specialty USA names SVP of financial institutions practice

JLT Specialty USA, a US subsidiary of JLT, has appointed Tom Delaney as senior vice president (SVP).

Based in Chicago, Delaney will join JLT’s financial institutions (FI) practice, targeting specialty lenders, mortgage and commercial banks, and acting as a Lloyd’s coverholder. He will be working with JLT’s distribution colleagues to grow the business and service clients using JLT’s full spectrum of specialty lines.

Prior to joining JLT, Delaney led a team of underwriters, administrative and sales executives as the managing director of Bankers Insurance Service, a managing general agency focused on the underwriting and sales of specialty lines for mortgage banks. His responsibilities included negotiating the renewal of annual binding authorities and mortgage impairment coverage, analysing claims for all product lines, providing budget forecasts and program profitability, and leading efforts to expand new product offerings. Delaney began his career as a Loan Officer for Citizens Financial Services, FSB.

“We are excited about the specialised experience that Tom brings to our financial institution prospects and clients,” said David Payne, executive vice president and chief revenue officer at JLT Specialty USA. “With over twenty years as an industry leader, Tom has an outstanding awareness of the complexities facing our banking clients, which will be valuable as we continue to grow our FI practice.”

Mark Flippen, SVP of the FI practice at JLT Specialty USA., added: “Tom is widely recognised as one of the premier mortgage and commercial banking industry veterans. Considering his unique product expertise, coupled with his deep market and buy-side relationships, Tom will be a great addition to our practice as we continue to focus on specialty lines within the banking industry.”