JLT Launches JLT Specialty Limited

 

30th September 2010, London: Jardine Lloyd Thompson Group plc announce the forthcoming change of name of Jardine Lloyd Thompson Limited (JLTL) to JLT Specialty Limited.

Jonathan Palmer-Brown will become chairman with effect from 1^st October 2010, subject to FSA approval. Martin Hiller, who has led the transformation of the business over the last 5 years as CEO of JLTL, will continue as CEO of JLT Specialty.

JLTL is one of the world's leading specialty brokers and has developed market leading client industry expertise in sectors such as:

• Construction
• Marine
• Energy
• Communication & Technology
• Life Sciences
• Real Estate
• Financial Risks

JLT has invested considerable amounts in these sectors in recent years, establishing a strong and growing reputation for providing clients with unique and innovative risk management solutions. This change of name to JLT Specialty underlines the highly specialised services provided to clients and the depth of expertise and experience available to each individual client.

JLT's rapidly emerging Aerospace capabilities will form part of JLT Specialty, transferring from JLT Reinsurance Brokers Limited. At the same time, a number of JLTL wholesale activities previously handled within the Energy Division will transfer to Lloyd & Partners Limited. This will consolidate our leading position in various disciplines and brings further clarity and focus for our clients and intermediaries.

Subject to FSA approval, it is anticipated that the change of name and any transfers of business will be effective 1^st January 2011.

Dominic Burke, CEO Jardine Lloyd Thompson Group plc, commented,

"This is a very important further development of our specialty capabilities and will help demonstrate our scale and ability to provide solutions to the complex demands of the world's leading companies in our chosen areas of specialism. I am delighted that Jonathan is to become Chairman; he has many years' experience at the highest levels within the insurance industry. Martin and Jonathan will form a formidable partnership as JLT Specialty continues to grow and build existing specialties and expand into new industry segments".  

Jonathan Palmer-Brown said "Since joining JLT earlier this year, it has become clear to me that there is a very dynamic and experienced team operating in a much more focused and flexible environment than many of our major competitors. Our clients and colleagues recognise JLT's ability to take important decisions professionally and quickly, which is most refreshing. There is tremendous opportunity for this organisation to continue growing, particularly as the environment is suitable for attracting top quality staff and we are well supported by our strong shareholder base".

 

--ENDS--

 

Enquiries:

 

Jardine Lloyd Thompson

Paul Dransfield/Isabella Young

Tel: 020 7528 4935

Maitland

Liz Morley

Tel: 020 7379 5151

 

Editor's Notes:

About Jardine Lloyd Thompson Group plc

Jardine Lloyd Thompson Group plc (JLT) is an international group of risk specialists and employee benefits consultants and one of the largest companies of its type in the world. JLT offers a distinctive choice to clients and partners through our combination of independence, scale and specialism.

The Jardine Lloyd Thompson group is quoted on the London Stock Exchange and employs over 6200 people worldwide and through the JLT International Network provides services in more than 130 countries.

http://www.jltgroup.com/