JLT Towner Insurance Management (USA), LLC, announced its acquisition of Charter Risk Management Services, LLC, a Connecticut captive management company. Terms of the transaction were not disclosed.
Under the transaction, Thomas F.X. Hodson, Charter’s president and chief executive officer, will lead Burlington, Vt.-based JLT Towner’s Connecticut office. Hodson also currently serves as president of the Connecticut Captive Insurance Association.
Charter was co-owned by The Compass Company Consultants, LLC, an Albany, N.Y.-based risk management subsidiary of New York City-based Park Strategies, LLC. JLT Towner is purchasing Compass’ ownership in Charter and part of Hodson’s interest.
JLT Towner is an independent, full-service captive insurance management and captive consulting company with a multi-domicile reach.
Was this article valuable?
Here are more articles you may enjoy.
Jamaica Catastrophe Bond Has Now Triggered, Government Says 
Chubb Group Vice Chair Lupica to Retire at 2025 End 
PHLY Makes Largest Acquisition in Its History With Collector Car Business Expansion 
Marsh Sues More Former Employees Over ‘Scheme’ to Open Howden US 
