Type Public Industry Insurance broker CEO Dominic Burke (Dec 2005–) Headquarters London, United Kingdom | Traded as LSE: JLT Area served Worldwide Revenue 1.155 billion GBP (2015) Founded February 1997 | |
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Key people Geoffrey Howe, Chairman
Dominic Burke, CEO Services Insurance Brokerage
Employee Benefits
Risk Management Stock price JLT (LON) 1,101.89 GBX +3.89 (+0.35%)9 Mar, 4:48 PM GMT - Disclaimer | ||
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
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 and in June 2008, it announced its acquisition of Harman Wicks and Swayne.
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.
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.
In January 2010, the company acquired the Iimia Wealth Management (IWM) division of Midas Capital for a cash consideration of £7.25 million 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.
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. Then in October 2012 the company acquired Alexander Forbes Consultants and Actuaries for a purchase price of £17 million.
In February 2013, the company acquired Insfield Insurance Brokers Sdn Bhd in Malaysia 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.
Then in September 2013, the company bought Towers Watson’s reinsurance brokerage business 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. In November 2016 it announced the disposal of Thistle, an underwriting arm.
Operations
The company has operations organised as follows:
Ownership
Some 40% of the company is still owned by Jardine Matheson.