JLT Towers Re launches expanded Bermuda operations

JLT Towers Re Bermuda has launched extended services following the merger of JLT Re and Towers Watson Re’s Bermuda operations.

The merger follows 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 the firm’s North American clients.

Charles Withers-Clarke will head the specialty classes, including aviation, energy, marine and space but will also work with other members of the team on specific property and casualty opportunities.

Gary Reynolds and Tom Doyle will lead the operation’s focus on industry loss warranties, property and retro working in collaboration with colleagues both in the US and London.

The combined businesses will operate from a single base at JLT Park Ltd, a Bermudian wholesale broking operation, specialising in the fields of property, casualty, professional liabilities, healthcare and construction.

JLT Park Ltd chairman and chief executive, Paul Scope, 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.”