6 November 2013

JLT Towers Re is officially launched

Jardine Lloyd Thompson Group (JLT) has formally launched JLT Towers Re, following its acquisition of Towers Watson's reinsurance broking business.

JLT Towers Re combines Towers Watson's North American and London Market reinsurance broking businesses with JLT Re's international reinsurance operations and London Market operation.

Alastair Speare-Cole, CEO of JLT Towers Re, said: “I am delighted to welcome the Towers Watson team and their clients to JLT Towers Re. The culture of the two companies has been built around understanding client needs and meeting these needs with insight, deep analytical skills and effective execution.

“Today marks the creation of a formidable new force that will restore client choice to the reinsurance market, retain and attract the very best talent and win market share.”

Ross Howard, executive chairman of JLT Towers Re, said: “The response from clients and insurance markets to the news of this transaction has been very positive. JLT is committed to investing in the business to enhance JLT Towers Re's client proposition and drive growth, as it has done successfully across the rest of the JLT Group in recent years. This provides an exciting future for our clients and our people.”

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