In a move that expands its reinsurance brokerage business in the Southeast, global professional services company Towers Watson, has established a brokerage operation in the Burlington-Greensboro, NC area.
Heading up the new brokerage operation in the region are executive vice presidents David Johnson and Horace M. (J.J.) Johnson, both of whom have joined Towers Watson from Axiom Re, the reinsurance subsidiary of Brown & Brown. David Johnson and J.J. Johnson cofounded Axiom Re with their father Jay Johnson in 2000.
“We’re delighted to have David and J.J. join our reinsurance brokerage business,” said William H. Eyre, Jr., managing director of Towers Watson’s brokerage business. “This move underscores our commitment to growth in the region and throughout North America. They have tremendous knowledge of the P&C insurance industry and have developed a stellar reputation in the market.”
Prior to joining Towers Watson, David Johnson and J.J. Johnson were Axiom copresidents and co-COOs. David Johnson began his career at Aon, working in treaty reinsurance and capital market solutions, before helping establish Axiom Re. J.J. Johnson started with Chartwell Reinsurance before the founding of Axiom Re.
“The concentration of the reinsurance brokerage business and increasing client demand for leading analytics and software, highlights the need for scale,” said James Hole, managing director and head of Property & Casualty sales and practice development for Towers Watson. “J.J.’s and David’s broking expertise will enable Towers Watson to strengthen its position as a leading full-service broker and insurance consultancy for clients in the Southeast region, complementing its position in the Florida market.”