World Library  
Flag as Inappropriate
Email this Article

Jardine Lloyd Thompson

 

Jardine Lloyd Thompson

Jardine Lloyd Thompson Group
Public
Traded as LSE: JLT
Industry Insurance broker
Founded 1997
Headquarters London, United Kingdom
Area served
Worldwide
Key people
Geoffrey Howe, Chairman
Dominic Burke, CEO
Services Insurance Brokerage
Reinsurance Brokerage
Employee Benefits
Risk Management
Revenue Increase£1,104.1 million (2014)[1]
Increase£173.9 million (2014)[1]
Increase£117.7 million (2014)[1]
Website www.jlt.com

Jardine Lloyd Thompson Group is a British multinational corporation headquartered in London, England, that provides insurance, reinsurance, employment related advice and brokerage services. It is a constituent of the FTSE 250 Index.

Contents

  • History 1
  • Operations 2
  • Ownership 3
  • References 4
  • External links 5

History

The company was first established as a division of Jardine Matheson in 1972. In 1991, Jardine Insurance Brokers was first listed on the London Stock Exchange. In 1997, it merged with Lloyd Thompson Group to form Jardine Lloyd Thompson Group. In June 2007, it acquired Pavilion Insurance [2] and in June 2008, it announced its acquisition of Harman Wicks and Swayne.[3]

In July 2009, the company launched a new brand which removed the names of the firm ("Jardine Lloyd Thompson"), leaving simply the acronym JLT and an evolution of the pyramid device.[4]

In December 2009, the company acquired HSBC Actuaries and Consultants, a UK-based employee benefits and actuarial consultancy firm, for a purchase price of £27.25 million.[5]

In January 2010, the company acquired the Iimia Wealth Management (IWM) division of Midas Capital for a cash consideration of £7.25 million[6] and in October 2010 the company acquired a majority interest in Orbital Corredores de Seguros, the 4th largest insurance broker in Chile via acquisition of a majority stake in its holding company Alta SA.[7]

In May 2012, the company acquired Towner Management Group’s Barbados business and operations. Towner’s US arm, Towner Management group US also entered into a joint venture with the JLT Group, resulting in Towner’s rebranding as JLT Towner.[8] Then in October 2012 the company acquired Alexander Forbes Consultants and Actuaries for a purchase price of £17 million.[9]

In February 2013, the company acquired Insfield Insurance Brokers Sdn Bhd in Malaysia[10] and in May 2013 the company acquired PT GESA Assistance (GESA) and PT Global Asistensi Manajemen Indonesia (GAMI), two Indonesian healthcare management and third party administration service providers, combining them to form PT JLT GESA.[11]

Then in September 2013, the company bought Towers Watson’s reinsurance brokerage business[12] and in August 2014 it announced that JLT Specialty and Lloyd & Partners would merge and that there would be an expansion of the company's US capabilities.[13]

Operations

St Botolph Building, London, Headquarters of Jardine Lloyd Thompson

The company has operations organised as follows:

  • Risk and Insurance
− Advice and consultancy
− Brokerage and placement
− Specialist insurance products
− Captive management
− Claims management and consultancy
  • Employee Benefits
− Pension and retirement services
− Health, risk and benefits
− Investment services
− Wealth Management

The company often works with Lloyd's of London to provide bespoke solutions for customers e.g. insurance cover for Sir Ranulph Fiennes's expedition to cross Antarctica in the winter.[14]

Ownership

Some 40% of the company is still owned by Jardine Matheson.

References

  1. ^ a b c
  2. ^
  3. ^
  4. ^
  5. ^
  6. ^
  7. ^
  8. ^
  9. ^
  10. ^
  11. ^
  12. ^
  13. ^
  14. ^

External links

  • Official site
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.