JLT expands network in Europe

Three European independent insurance brokers SIACI Saint Honore (S2H), Greco Group (Greco) and Ecclesia Group have come together with Jardine Lloyd Thompson (JLT) to sign an exclusive trading agreement.

JLT will take a 20% stake in Greco, subject to regulatory approval, a company in which Ecclesia already has a 13.3% shareholding. In addition, JLT continues to hold its longstanding 20% shareholding in S2H.

The trading 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.

JLT said: "The new JLT International Network Partners in Europe now sit at the core of the JLT International Network (formerly JLT Network), a combination of owned, partly owned and non-owned broking and employee benefit consultancy operations in over 130 countries worldwide. It 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."

Dominic Burke, JLT CEO, said: “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 utilise our respective industry specialist skills to the benefit of our existing and prospective clients”.