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 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 (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 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 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 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 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 [...]
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 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 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 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 [...]
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, [...]
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 [...]
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 [...]
Jardine Lloyd Thompson (JLT) has reported that the group’s performance for the third quarter of 2009 was in line with expectations and that it remains on track to achieve its financial objectives in 2009. According to the broker, insurance market conditions continue to be competitive in most classes of business with no consistent evidence of [...]
Jardine Lloyd Thompson this week posted first half profits, which are up 12% and said it expects further growth despite challenging economic conditions. The UK-based insurance broker, which earns commission selling insurance policies, reported an underlying first half pretax profit of £59.7 million, up from £53.4 million for the first half of 2008. Commissions earned [...]
Jonathan Palmer-Brown is to join Jardine Lloyd Thompson (JLT) to take up a position in its team of senior managers. He will join the firm once he is at liberty to do so, at which time he will take a place on JLT’s Executive Committee. Palmer-Brown will come to the firm equipped with many years [...]
During the JLT workshop ‘ERM and ART: A happy marriage’ at AIRMIC today, JLT advocated more ‘joined up thinking’ across the insurance Industry. Neil Campbell who leads Jardine Lloyd Thompson Limted’s Risk Consulting Practice, says “Joined up thinking is a term often bandied around in the risk management and insurance world. Unfortunately in many aspects [...]
Jardine Lloyd Thompson (JLT) has secured a minimum five-year contract with BAA Airports to provide insurance broking and risk management services for the latter’s construction activities at UK airports. BAA operates seven airports across the country and has extensive plans for expansion and redevelopment involving an investment of £6 billion. Of this, £4 billion is [...]
Jardine Lloyd Thompson Limited (JLT) warns this week that whilst some real estate investors have good insurance claims records because they manage their risks, others have just been lucky. When insurance policies come up for renewal in the current climate, underwriters are looking for evidence of a risk strategy and not just luck. John Searing, [...]
