London-based insurance brokerage Jardin Lloyd Thompson Group, plc, said it is establishing the Thistle Underwriting Limited insurance company to provide underwriting services for its international group.
In a statement JLT said the development of the underwriting arm followed strategic work undertaken by the group that has identified “a substantial business opportunity for JLT” to develop an insurance distribution channel.
JLT said it is able to create the underwriting company because of advances in technology that streamline business and information, “eliminating the current areas of duplication between carriers and brokers.”
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