Reinsurance broker JLT Re has appointed Jeremy Fox as its Asia-Pacific CEO.

Mr Fox, who takes over from Stuart Beatty, was most recently Aon Benfield’s Asia-Pacific COO. He has also worked for EW Payne and Denis Clayton during a long career in the reinsurance industry.

He will be based in Singapore and report to Global CEO Mike Reynolds after joining the company later this year.

JLT Re says Mr Beatty, who is based in Sydney, will leave to pursue other career options. He has been with the group for six years.