JLT expands in Asia with Lambert Brothers purchase

JLT has bought Hong Kong broker Lambert Brothers Holdings (LBH).

LBH has been an independent insurance and employee benefits broker since leaving the Heath Lambert Group in 2007 and employs 40 staff.

It will add to JLT Asia’s marine, employee benefits and corporate business capabilities.

LBH managing director Mike Haynes will become deputy chairman of JLT’s Hong Kong business and JLT Hong Kong manging director Nick Cousins will run the combined business with immediate effect.

Haynes said: “We see this as a significant opportunity for our clients to benefit from access to JLT’s unrivalled specialty capabilities and international platform and for our employees to have every opportunity to develop and fulfil their career aspirations within JLT.”