Jardine Group Services Changes Names, Adds New E-Business Division

June 20, 2000

Jardine Lloyd Thompson Group plc, an international insurance organization, announced today that its U.S. offices have changed their names to JLT Services Corp. The name change affects Jardine Group Services Corporation; Flood Underwriters of the Southeast; Insurance Servicing and Adjusting Co.; and Administrative Consultants Inc.

JLT Services Corp. employs 550 in the U.S. JLT Services Corp.’s U.S. headquarters is located in Albany, N.Y. and has principle offices in San Francisco, Calif.; Waterbury, Conn.; Fort Lauderdale, Fla. and Chicago, Ill.

“Consolidating our names into one is a strategic decision to become a common brand name,” said W. Michael Carroll, chairman and chief executive officer of JLT Services Corp.’s U.S. operations. “One name gives us a synergy in our marketing, provides us with additional operating efficiencies and more closely allies us as part of the international firm, Jardine Lloyd Thompson Group. Our U.S. business is growing quickly and profitably.”

In conjunction with the company’s name change, JLT Services has unveiled the addition of a eBusiness division, JLT InterActive Services. JLT InterActive is responsible for designing, building and implementing customized Internet solutions through the development of Web portals, online customer services and administrative applications.

“Our mission is to develop a multi-functional eCommerce capability that will impact existing and new key businesses by using a blend of technology, interactive marketing, and partnerships to maximize the value exchanged between JLT Services and our clients,” said Carroll.

JLT Services Corp. has four main client service segments: Group Marketing Services; Benefit Outsourcing Services; Insurance Servicing and Adjusting; and InterActive Services. The company provides products and services for affinity groups, membership organizations, financial institutions, healthcare companies, insurance companies, managing general agencies and corporations.

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