5. Jardine Lloyd Thompson Group
Fee and commission income (2001): £349.6m

Pre-tax profit (2001): £78.3m

Address: 6 Crutched Friars
London
EC3N 2PH
Tel: +44 (0)20 7528 4444
Fax: +44 ...

5. Jardine Lloyd Thompson Group
Fee and commission income (2001): £349.6m

Pre-tax profit (2001): £78.3m

Address: 6 Crutched Friars
London
EC3N 2PH
Tel: +44 (0)20 7528 4444
Fax: +44 (0)20 7528 4185

Email: info@jltgroup.com

Website: www.jltgroup.com

Jardine Lloyd Thompson Group plc is one of the world's largest insurance brokers and the largest listed on the London Stock Exchange, with a market capitalisation of over £1.3bn. JLT concentrates its efforts in those business areas where it is, or can become, a market leader.

On 1 January 2002, Jardine Lloyd Thompson was reorganised into two groups - Risk and Insurance, and Employee Benefits. The Risk and Insurance Group comprises Jardine Lloyd Thompson's worldwide insurance and reinsurance broking, and local government activities. The Employee Benefits Group provides pension administration, outsourcing and employee benefits consultancy, and US Group marketing initiatives.

Jardine Lloyd Thompson has offices in over 30 countries and employes over 4,000 staff.

History: JLT was formed in 1997 by the merger of Lloyd Thompson Group and Jardine Insurance Brokers (JIB). Lloyd Thompson was founded in 1981 and floated 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. JIB started life in the early 1970s covering wholesale, retail and reinsurance broking. It grew rapidly as the result of acquisitions and organic growth and 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. Since February 1997, the group has continued to develop through organic growth and selective acquisitions.

Chief officer: Stephen McGill, chief executive

Biography: McGill, 44, 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 Limited through subsidiary companies 32.2%, SIACI SA 5.2%

Main lines of business: Risk and insurance; accident & health; aviation insurance and reinsurance; cargo; capital risk; casualty; claims; construction; corporate risks; energy; European; strategic risks; local government; marine insurance; marine reinsurance; marine P&I; non-marine reinsurance; property; employee benefits; pension administration; outsourcing; employee benefits consultancy; US group marketing activities

Key Financials: JLT has grown its revenue and profits every year since the listing of Lloyd Thompson. For the financial year ended

31 December 2001, JLT reported the following results:

  • Group turnover up 22% to £349.7m (2000: £287.3m) reflecting the benefit of acquisitions, continued strong organic growth, new business and the effects of the hard market cycle

  • Trading profit* up 30% to £60.2m (2000: £46.4m)

  • Profit before tax* up 18% to £84.3m (2000: £71.4m)

  • Diluted earnings per share* up 16% to 30.0p (2000: 25.8p)

  • Dividends up 10% to 16p per share.

    * Before exceptional items and goodwill amortisation

    Special schemes: Insolvency, caravans (Tourer Select and Compass), pets, courier and expatriate health insurance

    Number of UK branches: 16

    Number of offices worldwide: 100+

    Number of employees worldwide (2001): 4,000

    Technology: JLT has a number of IT initiatives in progress, which streamline the placement of insurance, policy documentation and claims handling. These initiatives are:

  • dot.risk - a client/broker/market trading exchange in which JLT is lead investor and manager

  • Risktrack - software developed by JLT designed to enable companies to understand, monitor and manage risks in line with new Turnbull code

  • Extranet - aimed at a more efficient management and servicing of insurance programmes through secure server access exclusively between JLT and individual clients.

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