Establishment of JLT Turkey further expands JLT presence across Middle East & Africa (MEA)
14 September 2014
Jardine Lloyd Thompson Group plc ("JLT") one of the world's leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is today pleased to announce the establishment of JLT Sigorta ve Reasürans Brokerliği Ltd. Şirketi ("JLT Turkey"). The new venture, to be based in Istanbul, will be headed by Servet Gϋrkan. Servet is one of the most experienced and respected brokers in the Turkish market and has previously held the position of Head of the Turkey Broker Association.
The establishment of JLT Turkey is in line with JLT's strategy of expanding its capabilities in markets where long-term growth is supported by fundamental macro-economic trends and a growing demand for JLT's specialist focus. Under Servet's Chairmanship both JLT Turkey and GrECo JLT, an existing retail venture in Turkey established in 2013 by GrECo, will provide clients with access to global markets and JLT's specialist expertise in areas such as Agriculture, Aviation, Construction, Energy, Financial Lines, Marine, Mining and Treaty Reinsurance.
Commenting on the announcement, Servet Gϋrkan, CEO of JLT Turkey, said,
"The establishment of JLT Turkey will provide clients with a distinctive and compelling alternative. I am delighted to be joining JLT, with its strong Client First culture and emphasis on expertise and entrepreneurialism. I am very confident that the combination of our local insights and relationships with JLT's brand, geographic reach and deep specialty knowledge, will rapidly enable us to win clients and attract the best talent."
Dominic Burke, JLT Group CEO, said,
"Servet has an impressive track record of growth and innovation over the course of his 35 year career in the Turkish market. We view Turkey as a strategically very important and dynamic economy with significant long term growth potential in our key specialty areas. This new
operation is a further example of us delivering on our strategy of investing in broadening our geographic reach into higher growth economies and deepening our specialty expertise and I am delighted to welcome Servet to JLT".
The establishment of JLT Turkey is subject to regulatory approval and finalisation of contracts.
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Jardine Lloyd Thompson Group
Head of Group Corporate Communications
+44 20 7528 4933
Chairman of JLT Middle East & Africa
+44 20 7459 5505
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 40 territories with more than 9,500 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
Head of Group Investor Relations