Jardine Lloyd Thompson’s subsidiary JLT Re and March JLT have combined to create a new reinsurance venture in Spain.
JLT March Re will see Richard Shinner, the former head of JLT Tower Re Spain, relocating to London to become a part of JLT Re’s marine and energy wholesale practice, to exploit cross-border opportunities.
The joint venture will allow JLT Re to capitalise on the reputation of March JLT and bolster its service and product offering for prospective clients, according to Ross Howard, chairman of JLT Re.
Carlos Navarro, CEO of March JLT, said: “Combining with the expertise of JLT Re will help us to maintain our leadership as a provider of insurance solutions in key sectors both local and internationally.”
