JLT acquires part of Alliant Insurance Services' Energy Business
06 November 2014
JLT Specialty Insurance Services Inc. ("JLT USA"), the US subsidiary of Jardine Lloyd Thompson Group plc ("JLT") today announces the completion of the purchase of part of the energy business of Alliant Insurance Services, Inc. ("Alliant") that focuses on larger and more complex major and international accounts, some of whom are existing international clients of JLT.
This bolt-on acquisition follows JLT's recent announcement of its intention to expand its US Specialty capabilities into key specialty areas, including Energy, Construction, Financial Lines, Credit, Political & Security and Aerospace. This acquisition has added a further 20 highly experienced energy practitioners led by Mary Beth Crabb, Peter Mortlock and John Parsley to JLT's US Specialty capabilities, building on its existing strong global Energy position and underlining its commitment to invest further to build out this critical area of the US specialty offering.
Since the announcement at the end of August, JLT has received a very strong response from professionals across the insurance industry with the total number of new hires being more than 50 in a little over two months since the launch of JLT USA. We would encourage any potential applicants interested in learning more about our plans and the potential employment opportunities to call Andrew Love on +1-877 355 1232, email firstname.lastname@example.org or visit www.jltgroup.com/usa.
Commenting on the acquisition, Mike Rice, CEO of JLT Specialty Insurance Services Inc. said: "JLT was already one of the strongest global specialty players in the energy arena and this acquisition has added substantially to these capabilities. I'm delighted to welcome both our new colleagues from Alliant and, as importantly, their clients who we will be extremely well placed to service in what is an increasingly complex and global market place.''
John Parsley, now Executive Vice President of JLT USA commented, "We are delighted to join an organization that shares our values and focus on clients. Together we now have the global platform and market presence to strengthen our client offering and to attract the very best people as we continue to create what we believe will become the market leading Specialty Energy team.
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JLT Specialty Insurance Services Inc.
Head of JLT Group Corporate Communications
T: +44 20 7528 4933
Dania Saidam (UK)
+44 (0) 20 7404 5959
Beatriz Garcia (US)
+1 (212) 333 3810
Notes to Editors
About Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson is one of the world's leading 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 41 territories with more than 9,500 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
This announcement may contain "forward looking statements" regarding the financial position, business strategy or plans for future operations of the Group. By their nature, forward looking statements involve risk and uncertainty, relating to facts that are beyond the company's ability to control, such as future market conditions. Any such statements in this announcement speak only as at the date of this announcement. The company does not assume any obligation to, and does not intend to, revise or update these forward looking statements except as required pursuant to applicable law.
Head of Group Investor Relations