Jardine Lloyd Thompson has announces a major overhaul of both the structure and management...
Jardine Lloyd Thompson has announced a major overhaul of both the structure and management of its operations in the London market and internationally.
Key to the restructure is the merger of JLT Risk Solutions and Agnew Higgins Pickering to form Jardine Lloyd Thompson Limited.
The merger will see Andrew Agnew become chairman of the new operation, with Mark Drummond Brady becoming deputy chairman and Martin Hiller chief executive. Brady will also take on the newly created role of international chairman of the JLT Group.
Furthermore, Lloyd & Partners, JLT's wholesale broker will specialise in providing access to the London, Bermudian and European insurance markets for independent retail brokers.
JLT expect to operate under this new corporate and management structure from 1 January 2007.
Dominic Burke, chief executive of the JLT Group said: “The recent sale of our US retail business has enabled us to reconsider the structure of our London speciality and wholesale businesses. By focussing these London market operations on two companies with distinct and clearly defined specialist strengths, we will be able to retain and build on our very strong position in the London and international markets."
At 10.20am, shares in JLT were up 9p to 433p.
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