JLT Re acquires JLT March Re, launches Iberia operations

Reinsurance broker JLT Re has launched JLT Re Iberia through the acquisition of JLT March Re.

March JLT is an insurance broker specialized in risk management, insurance and social welfare for companies. The firm is the fourth insurance broker in Spain and works with more than 20 percent of Ibex 35 companies, according to a corporate statement. Its main areas of expertise are industrial, marine, tourism and concessions sectors.

Located in Madrid, JLT Re Iberia will provide local expertise to clients as well as create a link with teams and clients in Latin America.

The acquisition builds on the existing partnership of JLT and Banca March on insurance brokerage operations.

“We are delighted to launch JLT Re Iberia, as we continue to invest in our European platform and deliver results for our clients across JLT Re,” said Keith Harrison, CEO, UK & Europe, JLT Re.

JLT Re is part of the Jardine Lloyd Thompson Group.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

California fires risk $18bn property reconstruction cost

Marsh combines specialty unit with JLT, reshuffles management

TransRe invests in parametric insurance specialist

Assurant reorganises leadership as CFO retires

Lloyd’s opens Brussels office

IoT insurance platform raises £1m

Don't miss our insurtech email newsletter - sign up today