JLT Wholesaler Targets U.S. Growth
By Mark E. Ruquet
NU Online News Service, Dec. 20, 9:31 p.m. EST?Jardine Lloyd Thompson Group plc, headquartered in London, has established a new wholesale brokerage to provide retail agents seeking access to markets for placement of specialized and large accounts.[@@]
According to John Lloyd, chairman and chief executive of Lloyd & Partners Limited, based in London, the wholesale broker has been fully accredited by the Financial Services Authority, which will take over regulatory authority at the beginning in 2005. The new wholesale unit, made up of units within JLT Risk Solutions, will concentrate its efforts fully on the North American market, which he termed "an increased level of commitment."
While the firm does not have a base in the U.S., it will have representatives traveling through the U.S. to service accounts.
The broker has access to London, U.S. and Bermuda insurers for the placement of risks that include cargo, casualty and liabilities, healthcare, professional liability, oil and gas, utilities, and property. Mr. Lloyd noted that the firm's aim is large market placements and is not designed for middle market accounts.
Additional information is available on the Web at www.lloydandpartners.com.
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