Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 27th of June 2017
December 11, 2012

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 […]



October 8, 2012

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, […]



July 26, 2012

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: […]



April 3, 2012

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 […]



March 1, 2012

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. […]



February 27, 2012

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 […]



February 9, 2012

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 […]



February 8, 2012

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 […]



January 23, 2012

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 […]



September 15, 2011

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 […]



August 1, 2011

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 […]



July 21, 2011

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 […]



June 30, 2011

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 […]



June 13, 2011

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 […]



May 29, 2011

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 […]



May 10, 2011

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 […]



May 5, 2011

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 […]



January 24, 2011

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, […]



November 9, 2010

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 […]



August 5, 2010

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 […]