JLT launches  Specialist Residual Value

Insurance Unit

The Financial Risks division of Jardine Lloyd Thompson Ltd (JLT) has launched a dedicated Residual Value Insurance (RVI) Centre of Excellence.

Based in London, Stephen Allum will lead the new team to handle RVI business exclusively. Steve was previously the Chairman of Aon's Global Marine Practice and during this time, he was responsible for expanding the range of products and services available to clients. RVI took a key role in this process.

Steve Allum, Partner , says, "Due to added underwriting capacity and increased demand, RVI is a growing class of business, taking in many areas of asset based finance including aviation, marine, energy and power generation, plant and equipment, factories, commercial real estate, and rolling stock.

"RVI provides the client and their financiers with asset value certainty at a pre-determined time in the future, and is therefore an invaluable means of balancing exposures in volatile markets and removing asset risk from the balance sheet".

In the current financial environment, a key use of RVI is as a powerful financing tool to help with securing finance or enhancing financial arrangements.
Steve Allum concludes, "By being included in financing deals RVI can provide leverage to help improve overall finance terms. It is also used to deliver financial benefits in the form of balance sheet protection".

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Enquiries:
Jardine Lloyd Thompson Limited
Isabella Young
Tel: 020 7528 4444
EMAIL

Editor's Notes:

About Jardine Lloyd Thompson Limited
Jardine Lloyd Thompson Limited provides insurance broking and risk consulting services to large and international companies around the world that require solutions to complex problems. The majority of their people are based in London but they also have a number of other operations and are part of the JLT Group plc with offices around the world.

Clients include many of the world's leading names and they are market leaders in a number of areas, including Construction, Communications and Technology, Life Sciences, Onshore and Offshore Natural Resources, Marine and Credit and Political Risk.
http://www.jltgroup.com/insurance-broker/

About Jardine Lloyd Thompson Group plc
The Jardine Lloyd Thompson ("JLT") group of companies is a leading risk management adviser and insurance and reinsurance broker. JLT is also a major provider of employee benefits administration services and related consultancy advice.

JLT is quoted on the London Stock Exchange and is the largest European-headquartered company providing these services and is one of the largest firms of its type in the world. The Jardine Lloyd Thompson group employs 5,000 people worldwide and through JLT NetworkTM provides our insurance broking services in more than 120 countries.
www.jltgroup.com