Broker secures five year construction contract
Jardine Lloyd Thompson has been appointed by BAA Airports for insurance broking services on their new construction facility, wrapping up all the construction activities at their UK airports (excluding Gatwick) for a minimum period of 5 years.
BAA has extensive plans for expansion and redevelopment, and is investing £6bn on improving facilities across its airports. Of this, £4bn is being spent on transforming Heathrow. Terminal 3 and 4 are being extensively renovated, while Terminals 1 and 2 are to be replaced by Terminal 2A; a stunning new facility that will provide passengers with an outstanding airport experience.
Karen Reynolds, head of insurance at BAA said: "The Team at JLT have an in depth knowledge of construction issues and demonstrated their experience and pro-active approach to secure this business.
"We look forward to working with the JLT team to ensure that as the world's leading airport company, we can continue to deliver major improvements to our infrastructure in the most effective and efficient manner possible."
John Thompson, who led the JLT construction broking team on this transaction added: "We were confident that with the track record of BAA, their approach to partnering and risk management that we could deliver a long term cost effective solution for them, this proved to be the case, with the construction insurance market responding positively to the challenges and complexities of delivering BAA's vision for the future."