JLT Specialty News

Financial Conduct Authority Fines JLT Specialty £7.8 million

The Financial Conduct Authority (FCA) has levied a fine of £7,881,700 against insurance broker JLT Specialty Ltd. for financial crime control failings, which in one instance CFA said allowed bribery of more than $3million to take place. JLT Specialty, which …

Marsh’s Fine Joins JLT Specialty’s Aerospace Team

Broker JLT Specialty USA has named Bruce S. Fine as Global Aerospace Manufacturers and Infrastructure Industry leader. Based in Atlanta, Fine will be a member of the Global Specialty – Aerospace leadership team as well as the U.S. Specialty leadership …

Marsh’s Bogan Joins JLT Specialty’s Life Sciences Team

Broker JLT Specialty USA has named John Bogan as a vice president, serving U.S. life science companies and their complex products liability, clinical trial and related risks. Bogan comes to JLT from Marsh, where since 2016 he has served as …

JLT Specialty USA Names Marsh’s Forbes as Senior Vice President for U.S. Property

Global specialty broker JLT Specialty USA said it has appointed Josh Forbes as senior vice president with its U.S. property team. Forbes will serve real estate clients by leveraging his experience in the field. Based in New York, Forbes brings …

JLT Specialty USA Adds Starr’s Vendetti to Construction Risk Partners

JLT Specialty USA announced the appointment of James Vendetti as a director for its construction insurance practice, Construction Risk Partners (CRP). Based in New York, Vendetti will focus on business development, managing existing client relationships and growing the CRP team. …

JLT Specialty Names Nichols as Senior Vice President

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group, announced the appointment of Grant Nichols as senior vice president. Based in Philadelphia, Nichols will focus on brokering complex environmental insurance programs. He will be a senior broker in …

A.J. Gallagher’s Carroll Joins JLT Re Specialty’s Energy, Financial Teams

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group (JLT), reports it has added Kathryn Carroll as senior vice president. Based in New York, Carroll will be focused on two specialty areas: Energy, including Heavy Chemicals, and Financial …

Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT

The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence that insurance has absorbed …

Zika Exclusion Now Commonplace in Cancellation Cover for Latin America Events

Organizers of rock concerts and conferences in Latin America or fringe events at the Rio Olympics beware: if you still need insurance to cover cancellation due to the Zika virus, it’s probably too late. The International Olympic Committee (IOC) should …

State-Backed Terrorism Reinsurance Fund Likely to Aid Paris Firms in Recovery

Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in New York. The carnage in …