Fee and commission income (1999):
Fee and commission income (1999):
£251m
Pre-tax profit (1999):
£65.2m
Head office:
6 Crutched Friars
London
EC3N 2PH
Tel: 020 7528 4444
Fax: 020 7528 4185
e-mail: info@jltgroup.com
website: www.jltgroup.com
Major shareholder:
Jardine Matheson Holdings 33.3%
Chief officer:
Ken Carter, chief executive
Biography:
Ken Carter, 56, joined Lloyd Thompson as chief executive in 1986. He continued in this role until the merger with JIB Group in February 1997 and is now chief executive of Jardine Lloyd Thompson Group. He is registered with the Insurance Brokers' Registration Council (IRBC). He is a non-executive director of City North Group.
Company history:
Jardine Lloyd Thompson is a listed international provider of risk solutions and insurance services. The group combines specialist skills with an international network and operates in business areas where it is, or can become, a market leader.
Jardine Lloyd Thompson Group was formed in February 1997 by the merger of Jardine Insurance Brokers (JIB Group) and Lloyd Thompson Group.
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.
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.
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.
In 1999 the group was reorganised into two business groups - JLT Risk Solutions and JLT Corporate Risks & Services.
JLT Risk Solutions provides major corporate clients with comprehensive professional advice and an innovative risk solution and transactional service. It brings together the London market insurance and reinsurance operations and is responsible for related overseas offices.
JLT Corporate Risks & Services incorporates the Group's retail businesses operating world-wide to local government business in Australia, Canada and the UK. JLT's UK and US businesses cater for clients who wish to outsource affinity marketing, employee benefits, claims and insurance fund administration.
In May 2000 JLT combined its UK retail insurance and employee benefits operations with Burke Ford Group to create one of the leading independent UK brokers and consultants with UK revenues of more than £50m.
In the same month, JLT also launched Capital Risk Group in the US. Based in New York, this is a specialist risk services joint venture, concentrating on major US and multi-national corporations. Owned 80% by JLT and 20% by the Blackstone Group, it will work closely with JLT Risk Solutions in London.
Main lines of business:
Leading international provider of risk solutions and insurance services.
Number of UK branches:
22
Number of employees (average for 1999):
3,591
