JLT Towers Re has launched newly combined operations in Bermuda. JLT Towers Re Bermuda, has been created through the merger of the businesses formerly known as JLT Re Bermuda and Towers Watson Re Bermuda, following JLT Re’s acquisition of Towers Watson Re’s global operations.
Bradley Maltese, who has executive responsibility for the Bermuda operations, said: “Bermuda is a key marketplace and this team will help us enhance relationships with Bermudian carriers and provide further impetus to JLT Towers Re’s growth aspirations in a number of classes of business.”
Guy Hengesbaugh will manage the day to day running of the operation and will continue to work closely with George Daddario and other colleagues providing services to North American clients. Hengesbaugh is well known to the market from his underwriting experience and, more recently, his leadership of Towers Watson Re’s Bermuda operation.
Charles Withers-Clarke will head up the specialty classes including aviation, energy, marine and space but will also work with other members of the team on specific property and catastrophe opportunities.
Gary Reynolds and Tom Doyle will lead the focus on ILW’s, property and retro—working in collaboration with colleagues both in the US and London.
The combined businesses in Bermuda will operate from a single base at JLT Park—a Bermudian wholesale broking operation specialising in the fields of property, casualty, professional liabilities, healthcare and construction, and is part of the JLT Group.
Paul Scope, chairman & chief executive of JLT Park, said: “We are delighted JLT Towers Re Bermuda will be based in the same office as JLT Park. This will create increased opportunity for these teams to work together and capitalise on each other’s expertise and specialist knowledge. Since 2008 the JLT Park and JLT Re teams have worked closely and we look forward to building on that collaborative relationship.”
