JLT completes acquisition of Towers Watson???s reinsurance business

Jardine Lloyd Thompson Group plc (JLT) announced the launch of JLT Towers Re, a new company in the international reinsurance market. This launch follows the receipt of the regulatory approvals required to complete JLT’s acquisition of Towers Watson’s reinsurance broking business.

JLT Towers Re combines Towers Watson’s established North American and London market reinsurance broking businesses with JLT Re’s international reinsurance operations.

Alastair Speare-Cole, CEO of JLT Towers Re, 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. [This occasion] 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.”