JLT says on track to deliver 'sustainable profitable growth' in 2008
Jardine Lloyd Thompson, the UK (re)insurance broker, said it remains on track to deliver sustainable profitable growth in 2008, despite the current circumstances of unprecedented dislocation and uncertainty in the financial sector worldwide.
"The group's trading performance in the third quarter was in line with our expectations across our five lines of business - retail, speciality, wholesale, reinsurance and employee benefits," the group said, adding that its balance sheet "remains strong with low net debt and significant headroom within the group's bank facilities which are committed until December 2011."
It added that the strengthening dollar against the sterling has been in the company's favour, but has been "partially offset"
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