UK-based broker Jardine Lloyd Thompson announced a major expansion of its JLT International Network in Continental Europe and the CIS countries. “Three of Europe’s leading independent insurance brokers, SIACI SAINT HONORE (S2H), GrECo Group (GrECo) and Ecclesia Group (Ecclesia) have come together with Jardine Lloyd Thompson (JLT) to sign an exclusive trading agreement,” said the bulletin.
JLT explained that the “agreement encompasses compatible branding and mutual development of all insurance, reinsurance and employee benefits activities, including shared technology, for the benefit of clients across all industry sectors. These sectors include, but are not limited to, construction, energy, financial services, healthcare, communications technology, life sciences, transportation and aviation.”
The new JLT International Network Partners in Europe “now sit at the core of the JLT International Network (formerly JLT NetworkTM), a combination of owned, partly owned and non-owned broking and employee benefit consultancy operations in over 130 countries worldwide.”
The announcement added that the new structure is “central to JLT’s and other JLT International Network Members’ retail service proposition to multinational clients. The exclusive trading agreement forms a standard for future development in other key territories in which JLT currently works with Network Members on a non-exclusive or limited-exclusivity basis.”
JLT’s commitment to its partners is underlined by cross shareholding arrangements. JLT said it will “take a 20 percent stake in GrECo, subject to regulatory approval, a company in which Ecclesia already has a 13.3 percent shareholding. In addition, JLT continues to hold its longstanding 20 percent shareholding in S2H.
Contact information for the four groups is as follows:
6 Crutched Friars
London EC3N 2PH
Tel: +44 (0)20 7528 4933
SIACI SAINT HONORE
18 rue de Courcelles,
Tel: +33 (0)1 44 71 50 50
Tel: +43 (0)5 04 04-136
Ralf Geck von Kaenel
Tel: 49 (0) 5231 603-115
JLT’s CEO Dominic Burke commented: “We see this as a very important and exciting development for JLT and the JLT International Network. This new collaboration between JLT, SIACI SAINT HONORE, Ecclesia and GrECo goes beyond just referring international business to each other. It means a commitment to working together to utilize our respective industry specialist skills to the benefit of our existing and prospective clients”.
Friedrich Neubrand CEO of the GrECo Group added: “Extending our reach from our comprehensive presence in Eastern Europe to all over the world. Our clients will benefit from the JLT International Network’s premier network in Western Europe, Asia and Latin America and its specialist resources and state-of-the-art know-how.”
Source: Jardine Lloyd Thompson Group plc
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