Lloyd’s provides cover for “Coldest Journey”
by Gill Montia
Story link: Lloyd’s provides cover for “Coldest Journey”
Lloyd’s of London, Jardine Lloyd Thompson (JLT) and a group of Lloyd’s syndicates, alongside other major insurance companies, have underwritten a bespoke policy to cover one of the most challenging polar expeditions ever undertaken. Billed as “The Coldest Journey”, Sir Ranulph Fiennes will lead a team of five other explorers who will set out to [...]
JLT acquires Alexander Forbes
by Gill Montia
Story link: JLT acquires Alexander Forbes
Jardine Lloyd Thompson Group (JLT) has acquired Alexander Forbes Consultants & Actuaries (AFCA) for £17 million. The deal is subject to regulatory approval, following which AFCA will become part of JLT’s employee benefits business, adding to the group’s expertise and capabilities in the health & wellness, risk, annuity and investment areas. Commenting on the move, [...]
JLT lifts the lid on solicitors’ PI
by Gill Montia
Story link: JLT lifts the lid on solicitors’ PI
JLT Specialty (JLT) has launched a buyers’ guide to solicitors’ professional indemnity (PI) insurance. The five-step guide covers risk assessment criteria, the insurance supply chain and the impact of business planning on premiums. Readers are also invited to explore the purchasing process within the context of broader market conditions. JLT Specialty partner, Mike Perry, comments: [...]
JLT appoints Nottingham risk practice partner
by Gill Montia
Story link: JLT appoints Nottingham risk practice partner
JLT Specialty has appointed Steve Exwood as partner at its Nottingham risk practice team. Mr Exwood, who has previously worked for Towergate and The Wilson Organisation, will be based in JLT’s Birmingham risk practice office until the new Nottingham office opens at the beginning of June. In his new role he will provide insurance due [...]
JLT partners Campden BRI in food and drink offering
by Gill Montia
Story link: JLT partners Campden BRI in food and drink offering
JLT Specialty has furthered its relationship with Campden BRI, the food and drink research specialist, to offer innovative services for food and drink companies. The collaboration involves a series of workshops based on JLT’s industry specific insurance and risk management solutions including property and business interruption, public and product liability, and product contamination and recall. [...]
JLT Re appoints client & market development head
by Gill Montia
Story link: JLT Re appoints client & market development head
JLT Reinsurance Brokers has announced that Mark Lawrence will be joining the company as head of client and market development, on 28th February. Mr Lawrence is moving from Aon Benfield where he has held a number of senior management roles including chief executive officer of the firm’s aviation reinsurance division. Commenting on the appointment, JLT [...]
JLT Speciality to open Reading office
by Gill Montia
Story link: JLT Speciality to open Reading office
JLT Specialty (JLTS) is opening a UK regional office in Reading. The news follows last month’s announcement that the commercial broker is setting up a Nottingham office. Peter Cant, who is currently head of practice, based in JLT’s Southampton premises, will set up and run the new location. Mr Cant is currently responsible for the [...]
JLT Specialty launches Risk Practice division
by Gill Montia
Story link: JLT Specialty launches Risk Practice division
JLT Specialty has launched a risk practice division following the reorganisation of its global risk solutions and regional partnership divisions. The firm provides specialist broking, risk management and claims consulting services to medium enterprises through to large and international companies, and the new division will have four key areas of focus: Communication, technology & media [...]
JLT Specialty to open Nottingham office
by Gill Montia
Story link: JLT Specialty to open Nottingham office
JLT Specialty (JLTS) has confirmed that it will be opening new UK regional offices in Nottingham in the Spring. The firm provides specialist insurance broking, risk management and claims consulting services to medium enterprises through to large and international companies. Commenting on the expansion, JLTS managing director regional partnership division, Warren Downey, says: “Our strategic [...]
Jardine Matheson ups stake in JLT
by Gill Montia
Story link: Jardine Matheson ups stake in JLT
Jardine Matheson has made a partial cash offer for JLT through its subsidiary, JMHI. The deal so far agreed will increase JMHI’s existing holding in the broker by 10%, to 40.35%, at a cost of £166.27 million. The parties say the move will strengthen JLT’s competitive edge, while preserving its independence. Also, Jardine Matheson has [...]
JLT sheds light on real estate legal indemnity market
by Gill Montia
Story link: JLT sheds light on real estate legal indemnity market
JLT Specialty has launched a real estate legal indemnity insurance guide, having experienced a rise in enquiries on the topic in recent months. Legal indemnity insurance is traditionally handled by a lawyer direct with an insurer, with little in the way of any price or coverage comparison. However, JLT points out that increasing demands of [...]
JLT on the benefits of non-damage business interruption cover
by Gill Montia
Story link: JLT on the benefits of non-damage business interruption cover
JLT Specialty says it is receiving growing interest in its EPIC (Earnings and Product Integrity Cover) product. The non-damage business interruption policy has been developed by Life Science industry experts to mitigate the financial impact of a range of risks. According to the broker, these risks can significantly damage company revenue streams and market share [...]
JLT launches European real estate practice group
by Gill Montia
Story link: JLT launches European real estate practice group
JLT Specialty has launched a European real estate practice group, drawn from its established real estate team in London and its network partners throughout Europe. The move should enhance services to existing clients across Europe by improving understanding of the different insurance and legal regimes in various territories. It should also allow JLT to capitalise [...]
Global insurance managers short on visibility
by Gill Montia
Story link: Global insurance managers short on visibility
Companies with global insurance policies may be duplicating cover, according to JLT Specialty, which surveyed 70 delegates attending a Global v Local workshop at the recent AIRMIC Conference. The research revealed that while 54% of those responsible for arranging insurance for their companies knew what their global insurance programme comprised, only 12% thought they had [...]
JLT launches online property owners’ facility
by Gill Montia
Story link: JLT launches online property owners’ facility
JLT Specialty has launched an online quote and bind facility for property owners’ risks, aimed at the broker sector. The firm says its research identified the need for an end-to-end solution for the purchase of landlords’ insurance, and the new facility offers brokers a number of key benefits including: Comparative premium quotations at special rates [...]
JLT Re appoints chief executive
by Gill Montia
Story link: JLT Re appoints chief executive
JLT has announced that Alastair Speare-Cole is joining JLT Reinsurance Brokers as chief executive. Mr Speare-Cole is currently chairman of Aon Benfield Securities and subject to regulatory approval, will take up his new post as soon as contractual obligations with Aon come to an end. Commenting on the appointment, JLT chairman, Alan Griffin, says, “This [...]
JLT expands European reinsurance team
by Gill Montia
Story link: JLT expands European reinsurance team
JLT Reinsurance has expanded its capabilities in Central and Eastern Europe with the appointment of Guy Hudson as a partner and Russell Henwood as an associate. Both have joined JLT Re’s non-marine treaty team and whilst working to build the existing European practice will also be broadening the firm’s international reinsurance offering. Mr Hudson’s experience [...]
JLT’s South African venture aims for market leadership
by Gill Montia
Story link: JLT’s South African venture aims for market leadership
Jardine Lloyd Thompson (JLT) is forming a new South African company. The firm says it wants to increase choice in the domestic market, enhance access to international markets, and sharpen competition in a broking industry undergoing consolidation. Clients will be able to benefit from JLT industry specialisms in areas such as construction, natural resources, marine, [...]
JLT reports steady trading
by Gill Montia
Story link: JLT reports steady trading
In an interim management statement, Jardine Lloyd Thompson (JLT) has reported that the group’s recent overall trading performance is in line expectations. During the period 1st July to 8th November 2010, organic growth has been “encouraging” and the insurer and broker remains on track to make financial progress for the year as a whole. Risk [...]
JLT Aerospace secures ARABSAT satellite launch deal
by Gill Montia
Story link: JLT Aerospace secures ARABSAT satellite launch deal
London-based broker, JLT Aerospace, has been appointed by ARABSAT to work alongside Marsh in developing a bespoke insurance package for a multi-satellite launch programme. ARABSAT was set up in 1976 by member states of the Arab League and has since become a leading satellite service provider to the Arab world, currently ranking among the top [...]
