Jardine Lloyd Thompson Group (JLT) has posted a 16% rise in pretax profits to £59m in the first half of the year.
Jardine Lloyd Thompson Group (JLT) has posted a 16% rise in pre-tax profits to £59m in the first half of the year.
Detailing its results, JLT chairman Ken Carter said the trading outlook for the second half remains favourable.
He said: "We remain confident about our ability to deliver strong results in 2003 and beyond."
In the Risk & Insurance Group, JLT is well positioned to win new business, he said.
Alongside the earnings news, the company announced that effective from 1 September, Steve McGill would relinquish his role as chief executive of JLT Risk Solutions. Dominic Collins, currently chairman of JLT Risk Solutions will become chairman and chief executive, it said.
John Hastings-Bass, currently chairman of its Employee Benefits business, will also become chairman of JLT's retail broking operations.
Separately, the company also announced that its 31% French associate company SIACI SA intends to dispose of it's holding in JLT, which represents around 5.2% of JLT's issued share capital. The disposal will be conducted by way of an accelerated book build, it said.
A JLT statement said: "This disposal will not affect the ongoing trading relationship between JLT and SIACI and JLT will retain its 31% interest in SIACI."
