19 December 2016 Insurance

JLT Re acquires medical professional liability broker

Reinsurance broker JLT Re has acquired Minnesota-based StoneHill Reinsurance Partners, a specialist medical professional liability broker.

StoneHill was formed in 2012 by industry veteran Dan Koshiol. The company has become part of JLT Re North America.

Ed Hochberg, chief executive officer (CEO) of JLT Re North America, said: “This acquisition will strengthen JLT Re’s position as a market leader in the medical professional liability space by bringing together two complementary businesses that have longstanding professional relationships and expertise.

“StoneHill shares our core values and our commitment to excellent client service. This makes the combination a very strong business and cultural fit for both organizations."

Koshiol, StoneHill’s president and CEO, added: “We are delighted to join JLT Re and believe it is the right home for both our employees and our clients; we look forward to enhancing our current client offerings with the resources of the JLT Re platform.

“We are proud of the impressive client base in medical professional liability and healthcare related business that we have built at StoneHill, and we look forward to continued growth and success at JLT Re.”

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