Best Reinsurance Broker for Innovation (revenues of less than $1bn) winner: JLT Towers Re

Two brokers, JLT Towers Re and Beach & Associates, battled it out for the top slot for best reinsurance broker for innovation with revenues of less than $1 billion, with the former just pipping Beach & Associates to the post with a score of 6.478 out of 10.

JLT Towers Re, the reinsurance arm of JLT Group, was rated highly throughout the survey and received numerous positive comments.

The broker was particularly applauded on its innovation within the insurance-linked securities (ILS) market. One respondent said that the broker offered “creative solutions with collateralised markets and cat-bond lite structures”.

A number of respondents commented very positively on the merging of Towers Watson’s reinsurance broking business and JLT Re. One respondent said: “The merger created an excellent combination of client centricity and analytical capabilities.” Another commented that the team have “learned much from the consulting/modelling side and brought it over”.