JLT Specialty Insurance Services Introduces Credit, Political and Security Risk Practice

JLT Specialty Insurance Services (JLT Specialty USA) has appointed several new team members who will form the Credit, Political and Security Risk Practice (CPS).

In a release, the Company noted that this group will provide brokerage and advisory services to clients in the credit, political and security risk sector, structured credit, political risks, including political violence & terrorism insurance, kidnap & ransom, piracy, consultancy services encompassing country risk analysis, terrorism modelling, kidnap and ransom consultant modelling, and threat and risk studies and assessments.

JLT Specialty USA said that the team of industry professionals who make up the new CPS Practice is comprised of senior level industry executives, each with extensive experience in both the insurance market and in terrorism and security analysis. The launch of the CPS Practice at JLT Specialty USA is an expansion of a longstanding and well established team at JLT Group that has been specializing in these areas of insurance for nearly 30 years.

The individuals appointed to this team include the following:

-Matthew Strong, Head of CPS Practice;

-Corina Monaghan, Senior Vice President;

-Reid Sawyer, Senior Vice President; and

"With a drop in economic growth in emerging markets comes increased security risk to assets and personnel," said Nick Robson, Chief Executive Officer of Credit, Political & Security (CPS) Risk at JLT Group. "With considerable pressure on both emerging and developed economies due to a number of factors including the return of geopolitics, the end of the commodity supercycle, the continual threat of terrorism and unrest and economic uncertainty coupled with the underlying strength of corporate America means that credit, political and security risk concerns are of increasing relevance and importance to U.S. corporations and financial institutions."

"During a time of great vulnerability, we are pleased to offer another highly specialized area of expertise to our current and future clients who will undoubtedly find value in the skillsets each of our new team members brings to the JLT Specialty team," said Pat Donnelly, President & Deputy Chief Executive Officer at JLT Specialty USA. "We're thrilled to be announcing the formation of a new CPS Practice and to be welcoming three team members to the JLT Specialty USA family."

JLT Specialty Insurance Services is a US platform of Specialty business advisory firm Jardine Lloyd Thompson Group.

Jardine Lloyd Thompson is a provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services.

More information:

www.jlt.com

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