Fee and commission income (2003): £429m
Pre-tax profit (2003): £111m
Address: 6 Crutched Friars
London EC3N 2PH
Tel: 020 7528 4444
Fax: 020 7528 4185
Website: www.jltgroup.com
History: The Jardine Lloyd Thompson (JLT) group of companies is a risk management adviser and insurance and reinsurance broker. JLT is also a provider of employee benefit administration services and related consultancy advice. JLT is quoted on the London Stock Exchange and is the largest European-headquartered company providing these services. JLT operates out of more than 100 offices in over 30 countries and employs more than 4,500 personnel. The business has grown by focusing core skills where they make the biggest difference for clients.
Jardine Lloyd Thompson Group was formed in February 1997 by the merger of Jardine Insurance Brokers (JIB) and Lloyd Thompson Group. Lloyd Thompson was founded in 1981 and listed on the London Stock Exchange in October 1987. From its origins as a specialist marine hull and energy broker, Lloyd Thompson grew rapidly into all classes of wholesale and reinsurance business and developed a strong London market presence. The merger in 1997 combined Lloyd Thompson's specialist skills in the London market with JIB's international network. Since February 1997, the group has continued to develop both by strong organic growth and by selective acquisitions.
The foundations of JIB were laid in the early 1970s and the business grew rapidly as a result of acquisitions and organic growth covering wholesale, retail and reinsurance broking. It was floated on the London Stock Exchange in 1991. JIB developed a strong presence in the Asia Pacific region and was also represented in Continental Europe and the Americas. More recently, the Jardine Lloyd Thompson Group expanded its presence in the US through Capital Risk. In 2003 it acquired Texas Speciality and HCC's speciality life accident and health insurance broking business.
Chief officer: Steve McGill, chief executive
Biography: McGill, 45, joined Lloyd Thompson in 1989 and was appointed a director of the company in December 1996. He was appointed deputy chief executive in January 2001 and chief executive of Jardine Lloyd Thompson Group in January 2002. He is chairman of the group executive committee and is chief executive of JLT Risk Solutions.
Major shareholders: Jardine Matheson Holdings Ltd through subsidiary companies, 32.2%, SIACI SA 5.2%.
Main lines of business: Risk and insurance - accident and health, aviation insurance and reinsurance, capital risk, captive management, cargo, casualty, claims, energy, financial and professional, industry risks, local government, marine insurance, marine reinsurance, marine P&I, non-marine reinsurance and property; employee benefits - pension administration, outsourcing, employee HR, benefits and reward consultancy.
Special schemes: Insolvency, caravans (Tourer Select and Compass), pets, courier and expatriate health insurance.
Number of UK branches: 15.
