JLT Re has opened a new office in Basel, Switzerland following the acquisition of US Re's Basel-based treaty reinsurance business portfolio and assets.
JLT Re's Basel branch is headed up by Mark Lucas and signals JLT Re's entry into life reinsurance. Mr Lucas has nearly 30 years of industry experience, initially working for Guy Carpenter in Europe and most recently for US Re where he established their branch office, responsible for production and placement of European non-life and life reinsurance business into the world market as well as product development.
Alan Griffin, chairman, JLT Re, says, "Mark and our new location in Basel are excellent additions to our expanding operations. Basel will give JLT Re a base from which to expand in all areas of reinsurance into mainland Europe and extend our relationships with our European International network colleagues".
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