David Flandro, a well-known figure in the convergence and third-party capital area of reinsurance due to his analysis and commentary on the space, has left Guy Carpenter to join reinsurance broker JLT Towers Re as Global Head of Strategic Advisory.
Flandro was Global Head of Business Intelligence at Guy Carpenter where he headed up efforts in corporate strategy, international rating advisory, market entry, capital structure, credit risk advisory and other issues. In his time at Guy Carpenter Flandro became known for leading research work to understand the impact of third-party capital and the capital markets on reinsurance as the sectors converged.
Ed Hochberg, Executive Vice President and Global Head of Analytics, Banking, and Advisory at JLT Towers Re, commented on the appointment; “This new and important role at JLT Towers Re will focus on our new business strategy, ERM and strategic/financial consulting. David’s proven track record and personal drive make him an excellent fit for JLT Towers Re and we are very excited to be welcoming him to our growing team.”
Commenting on his move to JLT Towers Re Fladro said; “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. I see this as an excellent opportunity to build on my experience and expertise working with the some of the industry’s leading talent as part of a new and formidable platform.”
Alastair Speare-Cole, Co-Chief Executive Officer, JLT Towers Re, added; “Following successful renewals at 1/1 and 4/1 we appreciate the continued support from clients and markets as we build our capabilities and grow the JLT Towers Re platform. David is really great hire for the business and testament to our focus on client needs and ongoing success.”
Flandro, who before his time at Guy Carpenter was part of the Benfield Research team, will be based in JLT Towers Re’s New York office and is expected to start mid- year. Flandro is a regular presenter at industry events and commentator in industry publications, including in Artemis (read one of our previous articles quoting David Flandro).