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JLT Re forays into US mortgage insurance market

JLT Re has commenced mortgage insurance business in NorthAmerica.

The new operation, called JLT Re Global Mortgage Solutions,will offer insurance and reinsurance structures to government-sponsoredentities, domestic mortgage insurers, mortgage lenders and house builders,according to a May 5 news release.

The company appointed Steve Rance executive vice presidentof the new offering. Rance, who joined JLT Re in 2008, will work with GreggHoltmeier to expand the new business. Holtmeier currently leads the company'swestern region.

JLT Re is part of JardineLloyd Thompson Group Plc.