JLT Towers Re, the reinsurance arm of Jardine Lloyd Thompson Group P.L.C., has named insurance industry veteran David Flandro as global head of strategic advisory.
Mr. Flandro previously was global head of business intelligence at Guy Carpenter & Co. L.L.C.
In the new role for JLT Towers Re, Mr. Flandro will be based in New York.
“While there has been continued consolidation in the reinsurance brokers market for a number of years, the creation of JLT Towers Re offers the industry a real alternative and for me a very exciting prospect,” Mr. Flandro said in a statement.
JLT significantly increased the size of its reinsurance brokerage unit last September when it bought the reinsurance brokerage operation of Towers Watson & Co. for $250 million.