JLT Re acquires casualty specialist to expand in LatAm region

JLT Re has acquired Florida-based Risk & Re-Insurance Solutions (RRiSC), a reinsurance intermediary specialising in casualty treaty business, in a deal that expands its treaty business in the Latin American region.

The deal means RRiSC joins JLT Re North America immediately with its entire team, led by Anthony Mirabal.

“This well-respected team will enable us to expand JLT Re’s treaty business further into the key markets of Puerto Rico and the Caribbean, as well as to increase our presence in the Latin American region,” said Ed Hochberg, chief executive officer of JLT Re North America.

“We welcome the RRiSC team and their clients to JLT Re, and we look forward to a great start together in 2017.”

Mirabal, RRiSC’s president and managing director, added: “We are thrilled to join JLT Re and look forward to offering our clients the benefits of the JLT Re platform and access to JLT Re’s analytical expertise.

“This deal builds on a strong existing professional relationship between RRiSC and JLT Re, and I look forward to continued success and growth together as JLT Re.”

Alison Wham, head of JLT Re in Miami, said: “Latin America offers a huge opportunity for JLT Re. The addition of RRiSC further underlines our commitment to this region, while enhancing collaboration with the JLT Latin America Network for the benefit of JLT clients.”