Reinsurance brokers combine as JLT Towers Re Bermuda

JLT Re Bermuda and Towers Watson Re Bermuda have merged to form JLT Towers Re Bermuda.

The newly combined operations launched following JLT Re's acquisition of Towers Watson Re's global operations, the reinsurance broker said in a statement Tuesday.

Guy Hengesbaugh, the former leader of Towers Watson Re Bermuda, will manage the day-to-day running of the operation, and the combined businesses will operate from a single base at Hamilton, Bermuda-based JLT Park Ltd., according to the statement.

Charles Withers-Clarke, formerly of JLT Re Bermuda, will lead the specialty classes including aviation, energy, marine and space. He will also work with other members of the team on property/casualty opportunities, the reinsurance broker said.

Gary Reynolds, formerly of JLT Re Bermuda, and Tom Doyle, formerly of Towers Re Bermuda, will lead the focus on industry loss warranty, property and retrocessional business, working with colleagues in the United States and London, according to the statement.