1 February, 2013, Kuala Lumpur: Jardine Lloyd Thompson (JLT) Malaysia has acquired Insfield Insurance Brokers Sdn Bhd, a leading insurance broker in the country.
Over the years, Insfield has built a highly regarded business within the insurance sector in Malaysia, covering a range of classes - Marine, Energy, Media, Manufacturing, Financial Lines and Employee Benefits. In particular, Insfield's presence in the Marine sector is particularly strong.
Managing Director of JLT Singapore and Malaysia, Goh Chye Huat, said: "The acquisition of Insfield fulfils JLT Malaysia's strategic blueprint in a number of ways. It enables JLT Malaysia to establish an immediate footprint in the marine offshore sector, which supports our intention of expanding our marine specialism to more countries in Asia. Combined with Singapore's established track record in offshore marine support, we are poised to assume a position of leadership in this important sector regionally."
JLT Asia Chief Executive Officer Duncan Howorth said: "JLT is always seeking high quality targets with sustainable business models and who share our commitment to a ‘Client First' service approach. Insfield's presence in several key industries, coupled with JLT's international reputation and own long practice history in the country will position us strongly in this emerging market."
Duncan added: "JLT's Group Strategy is to strengthen its specialisms and service propositions in countries where it is operating, and to become the market leader in its selected areas of focus. Malaysia is an emerging market with a range of vibrant indigenous industries. Insurance knowledge and sophistication is growing, making it an exciting time for JLT to be present in this market."
K. Dorai Raja
Regional Head, Marketing Communications, JLT Asia
Tel: +65 6411 9566
Chief Executive Officer
Tel: +02 03 2723 3393
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.
JLT is quoted on the London Stock Exchange, employs over 7200 people worldwide and through the JLT International Network, provides services in more than 135 countries.
About JLT Asia
Jardine Lloyd Thompson (JLT) Asia is a market leader in insurance and reinsurance broking, risk management consultancy and employee benefits services.
Our operations in Asia date back to 1836. Today, JLT Asia is one of the most experienced brokers in Asia, with approximately 1,000 staff in 12 locations - China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Macau, Philippines, Singapore, Taiwan, Thailand and Vietnam.
JLT Asia's technical abilities and expertise span a wide range of specialist areas:
Our specialists are renowned for their innovative approach to developing integrated insurance, reinsurance and alternative risk transfer solutions.
Integrity is a hallmark of the JLT organisation. Our quality and compliance regimes are among the most thorough in the industry.
You can obtain more information about JLT Asia at: www.jltasia.com