J K Buckenham, a Lloyd's reinsurance broker, said it has formed a new U.S. operation known as JKB USA, to be based in Indianapolis.

The company said the new venture will be a strategic partnership bringing together its Special Risks Division with U.S. wholesale and retail broker Performance Insurance Services, based in Carmel, Ind.

Neal James-Crook, who currently heads up JKB's Special Risks Division, is now based in Indianapolis to work at establishing the new business, the firm said. Mr. James-Crook has 26 years of London market experience and specializes in the production, development and placing of binding authority, program and enhancement related business, JKB said.

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