1997: Merger of Jardine Insurance Brokers and Lloyd Thompson

In February, 1997 Lloyd Thompson merged with the JIB Group plc (Jardine). Jardine had a history that can be traced back to 1832 and in particular 1842 when Alliance Fire (now Royal Sun Alliance) appointed Jardine as their agents in Hong Kong.

The combined group brought together Jardine’s Specialty, Asia Pacific, UK and extended range of overseas international offices with Lloyd Thompson’s renowned transactional brokerage capabilities within the global insurance and reinsurance markets to create a large insurance brokerage firm capable of accessing a wide range of insurance experts and resources, better placed to serve the needs of its clients.

The merged group quickly and effectively combined its complementary areas of activity redesigning the company’s operational structure in order to better focus the combined Group resources on the needs of clients.

At the time of the merger there were four business groups, namely International Insurance, International Reinsurance, Specialty and Asia Pacific. These were later disbanded and replaced by two business groups. One being Risk Solutions which, effective 1st March 1999, began operating as ‘JLT Risk Solutions Limited’ incorporating all insurance and reinsurance expertise.

The second business group entitled Corporate Risks and Services, was responsible for the retail businesses the group operated in the U.K., Ireland, Continental Europe, Canada, Brazil, Asia and Australasia and which provided a full range of risk management services to its clients; and our businesses where we act for clients who outsource affinity marketing, employee benefits, claims and insurance fund administration. This extends to Group Services in the U.K., America, our Local Government business in Australasia, Canada and the U.K. and our employee benefits business.