JLT U.S. announces appointment of Jason Horwitz as Senior Vice President in its Special Situations Group
16 January 2015
JLT Specialty Insurance Services Inc. ("JLT Specialty USA"), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. ("JLT"), one of the world's leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is delighted to announce the appointment of Jason Horwitz as a Senior Vice President in its Special Situations Group, a dedicated practice focused on providing proven strategies and solutions to distressed companies and the restructuring community.
Jason brings a wealth of experience to the JLT Special Situations Group having worked in the restructuring industry for nearly 14 years. He started his career as a bankruptcy attorney at two of the leading national law firms specializing in US restructuring and financial advisory services - Kirkland & Ellis LLP and Perkins Coie LLP - and then worked as a bankruptcy consultant and director of business development in the bankruptcy administration industry, most recently at Kurtzman Carson Consultants LLC.
Jason's restructuring experience further bolsters JLT's distinctive offering. Whereas most brokers may deal with a distressed situation a few times throughout their career, the JLT Special Situations Group's team of former attorneys, bankers, consultants and underwriters guide clients on these situations daily. Their experience provides JLT with a distinctive team of highly knowledgeable professionals, who can help clients rapidly make informed decisions on insurance matters during a time of crisis.
Commenting on today's announcement, Michael Rice, CEO of JLT Specialty Insurance Services Inc. said: "JLT's focus on the distressed space is unique in the world of insurance brokers. This focus demonstrates our commitment to create teams and solutions that solve problems for the turnaround community as well as distressed companies. We are thrilled to have Jason join our practice and excited to bring his immense experience and talents to work on behalf of our clients and partners."
David Payne, Chief Revenue Officer of JLT Specialty Insurance Services Inc. said: "Today's macroeconomic picture suggests a growing demand for our specialized distressed expertise to help clients solve their complex insurance issues. We are very excited to be positioned as the leading insurance broker to solve cost, collateral and personal asset issues within the distressed sector."
Jason's appointment follows JLT's strategy to significantly expand its U.S. capabilities into the Group's key specialty areas, including Energy, Construction, Financial Lines, Credit, Political & Security and Aerospace. JLT encourages any potential applicants interested in becoming part of its new U.S. Specialty team to contact Andrew Love at +1-877-355-1232, firstname.lastname@example.org or visit www.jltgroup.com/usa.
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JLT media contacts:
Chairman, JLT Specialty Insurance Services Inc.
Tel: +1 713 504 4662
Assistant Vice President, Marketing, JLT Specialty Insurance Services Inc.
Tel: +1 310 266 9464
Head of Group Corporate Communications
Tel: +44 20 7528 4933
Notes to Editors
About Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson is one of the world's leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT's client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in 40 territories with more than 9,500 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
This announcement may contain "forward looking statements" regarding the financial position, business strategy or plans for future operations of the Group. By their nature, forward looking statements involve risk and uncertainty, relating to facts that are beyond the company's ability to control, such as future market conditions. Any such statements in this announcement speak only as at the date of this announcement. The company does not assume any obligation to, and does not intend to, revise or update these forward looking statements except as required pursuant to applicable law.
Head of Group Investor Relations