Articles - JLT’s Credit, Political & Security Risk division expands


 JLT Specialty Limited has announced a recent expansion of capabilities and resources with a significant investment in the company’s market-leading Credit, Political and Security (‘CPS’) risk division. The new Crisis Management team, led by Paul Bassett, includes highly experienced individuals within the crisis management field with broking expertise and consultancy experience. The team joins the division following JLT’s acquisition of Towers Watson’s reinsurance brokerage business enabling JLT Group to build out its international reinsurance operations.

 In addition to the Towers team, JLT has recruited Steven Dalchow to support Bassett with a focus on the Political Violence/Terrorism business, as well as lead the division’s Portfolio Management practice. Corina Monaghan will lead CPS broking activities for North America, while Justin Priestley heads up the dedicated Consultancy team. Within the Consultancy team, Chris Holt will be responsible for security analysis and consulting activity and the team also includes security and engineering specialist Stephen Hudson.

 The team brings with it a best-in-class risk modelling tool - Sunstone™ - which helps clients identify and manage political violence (PV) and terrorism exposures. Sunstone™ plots historical PV incidents, rates impact, overlays a proprietary database of terrorism targets and attack types. Developed by insurance industry and terrorism experts, the tool helps businesses narrows the gap between the perception of terrorism risk and reality.

 Sunstone™ sits alongside JLT’s current political risk modelling tool, the World Risk Review™, which rates nine unique political, economic and security risks for 198 countries and territories. The World Risk Review™, originally developed in 2007, will be re-launched onto a new platform later this year. The World Risk Review™ will continue to help those corporations and financial institutions that are investing, operating, trading or sending personnel abroad, understand the complex interplay between political and security risks.

 Nick Robson, Head of JLT CPS, comments: “The creation of the new Crisis Management team will significantly bolster our credentials in this space and we are excited by the influx of such experienced risk practitioners joining our division. The appointment of senior figures such as Paul Bassett and Justin Priestley will enable the business to build its crisis management and consultancy practices, complementing JLT CPS' existing specialist broking expertise and enhancing its overall offering."
  

Back to Index


Similar News to this Story

The Pension Transfer Gold Standard
The Personal Finance Society (PFS) has seen more than 600 advice firms sign up to its Pension Transfer Gold Standard (PTGS) since it was announced i
Your insight into cost transparency
The benefits of widespread cost transparency implementation by pension schemes has been made clear in the Netherlands, where KAS BANK has been collect
Mobile Video Technology changes the game for home insurance
A couple I know were burgled before Easter. It was a professional job - the burglars left the bleach and cloths they used to wipe away their fingerpri

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.