Jardine Lloyd Thompson (JLT) will overhaul its London market and international operations after announcing major structural and management changes.
It follows a year of uncertainty at the broker which suffered sliding results earlier this year because of the weak dollar. JLT is now keen to push ahead organic growth in the UK market to buoy 2006 year end results next year.
As part of the restructure JLT Risk Solutions will merge with Agnew Higgins Pickering to form a new combined business, Jardine Lloyd Thompson Ltd.
Dominic Burke, chief executive of JLT Group, said: "The recent sale of our US retail business has enabled us to reconsider the structure of our London specialty and wholesale businesses.
"By focusing on 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."
Andrew Agnew will become chairman of JLT Ltd with Mark Drummond Brady as deputy chairman and Martin Hiller chief executive.
Drummond Brady will also take on the newly created role of International Chairman of the JLT Group.
Elsewhere, Lloyd & Partners, JLT's wholesale broker will specialise in providing access to the London, Bermuda and European insurance markets for independent retail brokers.
JLT expects to operate under this new corporate and management structure from 1 January 2007 subject to FSA approval.