JLT Re, a global reinsurance broking and capital solutions provider, has appointed Ed Hochberg as CEO of JLT Re in North America. Hochberg remains CEO of Jardine Lloyd Thompson Capital Markets (JLTCM) Inc. as well.
Hochberg has headed up the capital markets, catastrophe bond and insurance-linked securities (ILS) activities at JLT since the Towers Watson acquisition. Before this latest move he was Global Head of Analytics, Banking and Advisory at JLT Re.
As CEO of JLT Re (North America) Hochberg will report to Mike Reynolds, Global CEO of JLT Re.
Mike Reynolds commented on the appointment; “Ed has been a key player in the development of our JLT Re proposition and the increased profile of JLT Re in North America. I am delighted he will now become CEO in the region and expect his dynamic leadership to support our on-going focus on expanding our North American platform.
“His extensive knowledge and experience combined with a deep understanding of the changing requirements of the reinsurance and capital markets make him the ideal person for this role. This appointment exemplifies our drive to focus on clients by building JLT Re around knowledge and insight.”
Hochberg said; “This exciting opportunity will allow me to build on my work to date at JLT Re where we have had great support from both clients and markets. All of my colleagues in North America are intent on building our reputation as market leaders; together we bring a huge amount of sector knowledge and a commitment to service excellence in line with the JLT Re client first philosophy.”
As well as retaining the CEO role for the JLT Capital Markets unit, Hochberg will also retain the responsibilities as Global Head of Analytics, Banking and Advisory until a replacement is appointed which is expected to be in the near future.
Ross Howard, Executive Chairman, JLT Re, added; “Ed’s appointment allows JLT Re to continue our client-focused approach to our reinsurance business in North America, as well as bringing first-hand knowledge of many of our clients in JLT Re’s other major business centers. As JLT Group continues to develop its business platform in North America, Ed’s appointment will no doubt illustrate the Group’s commitment to this very important marketplace. We all look forward to working with Ed to provide opportunities for both our clients and our people in North America.”
With Hochberg’s capital markets experience and role his move to CEO of JLT Re (North America) should help the reinsurance broker to build increased synergies between its capital markets solutions and its traditional broking clients.