Acquisitions Boost Insurer Profits

Jardine Lloyd Thompson profits increased by 12 percent last year, helped by the acquisitions it made to bolster its business.

JLT bought Burke Ford Group, a UK retail and employee benefits broker, as well as Abbey National’s pension administration and consultancy division last year.

In North America, it teamed up with private investment bank Blackstone Group to launch a risk solutions venture, the Capital Risk Group.

Topics Mergers & Acquisitions Carriers Profit Loss