Jardine Lloyd Thompson Group (JLT) has launched a new unit to place North American wholesale business at Lloyd's.
John Lloyd, formerly chairman of JLT's Risk Solutions operation, will head a team of 80 people at the new London-based operation, Lloyd & Partners
The new unit has reached the final stage of accreditation with the FSA.
After accreditation, Lloyd & Partners will be authorised to place property, casualty, energy, cargo, medical malpractice and errors and omissions coverage from 1 January 2005.
According to the unit's brochure, it will initially manage annual revenues of £20m.
