Reinsurance brokerage JLT Re has announced a senior appointment in Asia-Pacific that brings experience in retrocession, capital markets and ILS to the firm, hiring Carsten Thienel from rival broker Ed.
Thienel has more than 30 years of reinsurance industry experience, most recently as CEO Reinsurance for Asia Pacific at Ed, before which he held a number of management roles at Hannover Re.
He brings JLT Re experience in property retrocession, capital markets reinsurance transactions and insurance-linked securities (ILS), all of which will help the broker in its expansion in the Asia-Pacific region.
Thienel will join JLT Re in Asia Pacific and report to Stuart Beatty, CEO of Asia Pacific, JLT Re as well as Bradley Maltese Deputy CEO, UK & Europe, JLT Re.
Stuart Beatty commented; “We are delighted to have Carsten join the JLT Re team. His leadership and ability to look at the business through a strategic lens will help us foster continued growth and cultivate opportunities globally.”
“Carsten is a great hire for JLT Re as he is experienced in multiple classes including Property Retro, Marine & Energy, Aviation, Capital markets and ILS. He will bring both gravitas and a huge amount of experience to JLT Re, it is testament to our culture and platform that we continue to attract market leading talent of this caliber,” added Bradley Maltese.
Thienel is expected to join JLT Re’s Singapore office in early 2018, subject to applicable contractual obligations.