Reinsurance broker hires marine and energy executives from JLT Re

Capsicum Reinsurance Brokers L.L.P. said on Monday that it has named former JLT Re executives Alistair Lockhart-Smith and Jerry Reeves as managing partner and partner, respectively, in its marine and energy business.

Previously, Mr. Lockhart-Smith was deputy chairman of global business at JLT Re, while Mr. Reeves was head of U.K. facultative division and a member of the JLT Re executive committee as head of marine and energy international, Capsicum Re said in a statement.

“2016 has got off to an excellent start for Capsicum Re; the business is progressing well, and we are gaining market share. Alistair and Jerry have joined at a great time as we are building momentum and there are lots of opportunities for them to utilize their expertise and experience to develop our reputation in the marine and energy market.” Rupert Swallow, CEO of Capsicum Re, said in the statement.

Both executives will be based in London.