JLT Towers Re Launches Expanded Bermuda Operation

March 19, 2014

JLT Towers Re has announced the launch of its 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,” the bulletin explained.

Bradley Maltese, with 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.”

JLT said: “Guy Hengesbaugh will manage the day to day running of the operation and at the same time continue to work closely with George Daddario and other colleagues providing services to our North American clients. Guy is well known to the market from both his underwriting days and more recently his leadership of the Towers Watson Re, 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 P & C opportunities.

“Gary Reynolds and Tom Doyle will lead our focus on ILW’s, Property and Retro working in collaboration with colleagues both in the U.S. and London.

“The combined businesses in Bermuda will operate from a single base at JLT Park Limited.” It is a Bermuda-based “wholesale broking operation specializing in the fields of Property, Casualty, Professional Liabilities, Healthcare and Construction, and is part of the JLT Group.”

Source: JLT Towers Re