JLT strengthens Hong Kong Business and continues growth strategy in Asia with Lambert Brothers Holdings Limited Acquisition
15 January 2014
Jardine Lloyd Thompson Group plc ("JLT"), one of the world's largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is today pleased to announce its Asia business has acquired Lambert Brothers Holdings Limited ("LBH"). LBH has been an independent insurance and employee benefits broker since leaving the Heath Lambert Group in 2007 with over 40 insurance professionals and has enjoyed steady growth over recent years. In particular, LBH adds to JLT Asia's and JLT Hong Kong's Marine, Employee Benefits and Corporate business capabilities.
Anthony Langridge Executive Chairman JLT Asia said: "I am excited to announce this acquisition, which not only adds depth, but strong synergy to our Hong Kong business. My warmest welcome to Mike Haynes and the rest of our new colleagues from LBH to JLT."
Duncan Howorth, CEO, JLT Asia, said: "There is a strong cultural and commercial alignment between the two businesses with clear opportunities to exploit our specialty strengths. We aim to grow our Hong Kong operations whilst aligning our specialties to opportunities across the region as well."
Mike Haynes who was previously Managing Director of LBH will join the Board of JLT's Hong Kong business as Deputy Chairman. Nick Cousins, Managing Director of JLT Hong Kong will run the combined business with immediate effect and the LBH teams will integrate with JLT's existing Hong Kong business operations.
Commenting on the acquisition, Mike Haynes said "JLT has a long standing heritage in Asia with a strong ‘client first' reputation that was very attractive to the team at LBH. We see this as a significant opportunity for our clients to benefit from access to JLT's unrivalled specialty capabilities and international platform and for our employees to have every opportunity to develop and fulfil their career aspirations within JLT."
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Notes to Editors
K. Dorai Raja
Regional Head, Marketing Communications
Tel: (+65) 6411 9566
Group Corporate Communications
Tel: (+44) 7920 586 032
About JLT Asia
Jardine Lloyd Thompson (JLT) Asia is a market leader in insurance and reinsurance broking, risk management consultancy and employee benefits services.
Our operations in Asia date back to 1836. Today, JLT Asia is one of the most experienced brokers in Asia, with approximately 1,000 staff in 12 locations - China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Macau, Philippines, Singapore, Taiwan, Thailand and Vietnam.
JLT Asia's technical abilities and expertise span a wide range of specialist areas:
- Credit, Political & Security Risks
- Employee Benefits
- Energy / Power
- Interactive Technology Solutions
- Major Corporate Risks
- Marine (Cargo and Hull P&I)
- Professional & Executive Risks (ProEx)
- Reinsurance (Treaty & Facultative)
- Risk Management
- Schemes, Facilities & Affinity
- Wealth Management
Our specialists are renowned for their innovative approach to developing integrated insurance, reinsurance and alternative risk transfer solutions.
Integrity is a hallmark of the JLT organisation. Our quality and compliance regimes are among the most thorough in the industry.
About Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson is one of the world's largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT's client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in 39 territories with some 9,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
Head of Group Investor Relations