Acquisition of Towers Watson’s reinsurance brokerage business complete

Jigsaw puzzle

Jardine Lloyd Thompson Group (JLT) has announced the launch of JLT Towers Re.

The launch follows the formal completion of the acquisition of Towers Watson’s reinsurance brokerage business, which was announced on 20 September.

JLT Towers Re combines Towers Watson’s north American and London Market reinsurance broking businesses with JLT Re’s international reinsurance operations.

JLT Towers Re chief executive Alastair Speare-Cole said: “I am delighted to welcome the Towers Watson team and their clients to JLT Towers Re. The culture of the two companies has been built around understanding client needs and meeting these needs with insight, deep analytical skills and effective execution.

“Today marks the creation of a formidable new force that will restore client choice to the reinsurance market, retain and attract the very best talent and win market share.”