Ed HOCHBERG, CEO of JLT Re (North America) Inc., the structure that will incorporate the new JLT's group member, 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."