Neill Cotton and Mark Sleet are understood to be joining expansive reinsurance broker TigerRisk after resigning from JLT Re’s programs and binding authority division, The Insurer can reveal.
They are the latest London-based executives to resign from JLT Re as its operations are merged with Guy Carpenter in the wake of the MMC acquisition.
A move to Rod Fox-led TigerRisk would be the latest additions by the reinsurance intermediary as it looks to expand on both sides of the Atlantic.
As previously revealed by The Insurer, the firm has hired Rob Bredahl as president and COO following his sudden resignation from Bermudian Third Point Re last month. TigerRisk has also been building out its West Coast presence in the US with hires including Lindsey Frase and Brian McKeon from Willis Re as well as Kevin Feldman and Elliott Freer from Guy Carpenter.
The firm’s London platform is led by former BMS executive Hugo Crawley as chairman and CEO.
Cotton and Sleet follow their colleagues Lee Collins and Adrian Steele in resigning from the JLT Re’s programs and binding authority division in recent weeks.
As previously reported, Collins and Steele have both re-emerged at THB, reporting to Mark Cody, chief executive of the firm’s Worldwide Specialty unit, when they join AmWINS-owned London broker in November this year.
They also follow several high profile departures from JLT Re in London, including Keith Harrison, one of a number of executives to join Lockton’s expansive reinsurance platform.
This publication revealed earlier this month that Harrison – who had been set to become head of London North America for Guy Carpenter – joined Lockton Re in London.
Cotton – who headed the programs and binding authority division – and Sleet were most recently partners at JLT Re.
Cotton joined JLT Re to lead its programs and binding authority division in late 2014 from CFC Underwriting where he had been for just over two years after more than a decade at Oxford Insurance Brokers.
Sleet joined JLT Re in July 2015 from London broker Miller where he had specialized in casualty business.
He joined at the same time as Cotton’s former Oxford Insurance Brokers colleagues Collins and Steele.
At the time of the Sleet, Collins and Steel hires, Cotton said the division had previously had a strong property focus and had specialized in a limited number of other product lines.
Guy Carpenter and TigerRisk declined to comment on this article.