JLT Re has purchased StoneHill Reinsurance Partners, a reinsurance intermediary focusing on medical professional liability.
StoneHill, based in Minneapolis, was established in 2012 as an independent casualty reinsurance broker.
Dan Koshiol and Chip Ott, the current leaders of the StoneHill team, will join JLT Re immediately.
Ed Hochberg, CEO of JLT Re North America, said: “This acquisition will strengthen JLT Re’s position as a market leader in the medical professional liability space by bringing together two complementary businesses that have longstanding professional relationships and expertise.”
Koshiol added: “We are delighted to join JLT Re and believe it is the right home for both our employees and our clients; we look forward to enhancing our current client offerings with the resources of the JLT Re platform.”