JLT Specialty and Lloyd & Partners merge
Broker also announces plans to expand US offering with £50m investment.
Jardine Lloyd Thompson Group (JLT) is to merge JLT Specialty and Lloyd & Partners in a move it announced was designed to target further growth.
According to the broker, the new specialty unit will benefit from increased scale and international reach. For reporting reasons the merger will take effect on 1 January 2015.
JLT Specialty is the largest business within the JLT Group and serves UK and international retail clients. It has a particular focus on construction, aviation and financial lines
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