JLT Re said it has acquired StoneHill Reinsurance Partners, a reinsurance intermediary specializing in medical professional liability.
StoneHill, which is based in Minneapolis, will form part of JLT Re (North America).
Terms of the deal were not disclosed.
StoneHill was established by Dan Koshiol in 2012 as an independent casualty reinsurance broker with a focus on medical professional liability. The StoneHill team, led by Koshiol and Chip Ott, will join JLT Re immediately, according to the announcement.
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.”
Source: JLT Re
Was this article valuable?
Here are more articles you may enjoy.
Older, Wealthier Renters Drive Changes in Insurance Needs 
Zurich Sees Data Center Boom Spurring Insurance Securitization 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
Trump Administration Backtracks on Removing Ocean Sensors 
