Bermuda 

Following the contraction of market capacity for certain industry sectors in 2001, Bermuda quickly filled the vacuum with the creation of highly-capitalised new underwriting entities and a significant injection of additional capacity by existing players.

JLT Bermuda has grown exponentially to meet the challenges and opportunities presented by this rapid increase in the volume of business. Our staff numbers have doubled since 2001 and we now employ over 28 professionals in our insurance broking and captive management operations.

Insurance Broking

JLT PARK Ltd. is the third largest insurance broker in Bermuda, and the premier independent brokerage house, placing premium volumes of more than US$400m in the Bermuda market across five principal lines of business:

• Property
• Excess Casualty
• Professional Liability
• Healthcare
• Construction

We have developed an expertise in lines of coverage that are of key importance to our clients, focusing mainly on direct insurance placements, or facultative reinsurances including reinsurance of captives. We have strength in depth and breadth in the three main disciplines with speciality expertise in Healthcare, Lawyers E&O and Construction Risk.

For further information on the Bermuda markets, please contact info@jltgroup.bm.

Insurance Management and Consulting

JLT Insurance Management (Bermuda) Limited (JLTIM) is our insurance management business and is Bermuda's fastest growing provider of management and consulting services. JLTIM manages 56 insurance and reinsurance companies, generating more than US$1.2bn in annual written premiums. The largest part of JLTIM's client base relates to captive insurance companies and programmes, with particular strength and experience in the management of large and complex single parent captives that require a high degree of consultative support from the insurance manager. The majority of the captives we manage are owned by U.S. corporations, but our client base is also widely spread geographically with captives managed for companies in Europe, Asia, and Latin America.

In addition to management services for captives, JLTIM can also provide access to Isosceles Insurance Ltd, JLT's segregated accounts vehicle in Bermuda. Isosceles can be utilised in many ways, including as a rent-a-captive, as an access point to reinsurance markets and structures, and for specific transactions that might not warrant formation of an insurance or reinsurance company in Bermuda.

Captives are not, however, JLTIM's only area of expertise. We also provide outsourced management services for commercial insurers and reinsurers in Bermuda, allowing the executive management of these companies to focus their energies on strategy and underwriting. JLTIM can provide a full range of services including financial accounting and reporting, underwriting and claims administration, IT support, and general office administration.

In 2007, JLTIM launched its new Evolution Management brand. This represents our presence in the area of convergence between reinsurance markets and capital markets. We have existing management relationships with a number of ‘Risk Transformation' vehicles in Bermuda and in order to recognise the importance of this growing business segment, Evolution Management is focused almost exclusively in this area.

Our 22-strong insurance management team includes accounting, underwriting and claims professionals. Our senior management team members have an average of more than 14 years insurance management industry experience. This depth and breadth of experience allows us to bring real value to our management assignments.