JLT Re announces acquisition of Stonehill Reinsurance Partners, LLC
19 December 2016
- Strengthens JLT Re’s position as a market leader in Medical Professional Liability
- Expands JLT Re’s footprint in North America, with the addition of a Minneapolis location
- StoneHill clients will benefit from JLT Re platform and access to Analytical expertise
JLT Re is pleased to announce the acquisition of StoneHill Reinsurance Partners LLC (StoneHill). StoneHill, a reinsurance intermediary specializing in Medical Professional Liability based in Minneapolis, Minnesota, will form part of JLT Re (North America).
Ed Hochberg, CEO of JLT Re (North America) Inc., said: “This acquisition will strengthen JLT Re’s position as a market leader in the Medical Professional Liability space by bringing together two complementary businesses that have longstanding professional relationships and expertise. StoneHill shares our core values and our commitment to excellent client service. This makes the combination a very strong business and cultural fit for both organizations.”
StoneHill was established by Dan Koshiol in 2012 as an independent casualty reinsurance broker in Minneapolis, with a focus on Medical Professional Liability. The StoneHill team, led by Dan Koshiol and Chip Ott, will join JLT Re immediately and contribute to JLT Re’s continuing growth in North America.
Dan Koshiol, StoneHill’s President and CEO, said: “We are delighted to join JLT Re and believe it is the right home for both our employees and our clients; we look forward to enhancing our current client offerings with the resources of the JLT Re platform. We are proud of the impressive client base in Medical Professional Liability and healthcare related business that we have built at StoneHill, and we look forward to continued growth and success at JLT Re.”
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Isabella Gaster | Tel: (+44) 7920 586 032 | Email: Isabella.Gaster@JLTRe.com
Elizabeth Miller | Tel: +1 215 309 4590 | Email: Elizabeth.Miller@jltre.com
NOTES TO EDITORS:
About JLT Re
JLT Re’s trusted team of 700 colleagues worldwide combines market leading expertise and proprietary analytical tools with the freedom to challenge conventions.
Deep specialist knowledge and extensive experience in both the reinsurance market and our clients’ industries and sectors enables JLT Re to ask smarter questions, innovate and deliver better results tailored to meet client needs.
JLT Re is part of the Jardine Lloyd Thompson Group plc.
About StoneHill LLC
StoneHill Reinsurance Partners was founded in 2012 with a commitment to a people-first approach to doing business: we are one with our clients, colleagues and community. We partner with our clients to develop customized reinsurance solutions for today and bold growth opportunities for tomorrow. We hire only the reinsurance industry’s best and brightest to deliver unparalleled service to our clients and each other and who make time to do good in the world.
Learn more at stonehillre.com.
About Jardine Lloyd Thompson
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 41 countries with more than 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
For further information about JLT, please visit our website www.jlt.com
Head of Communications & Marketing, JLT Re