JLT Re announces acquisition of Olsa Re's portfolio

22 July 2016

Acquisition further strengthens JLT Re’s leadership position as the largest reinsurance broker in Peru, specializing in construction, mining, energy, oil, aviation, among other sectors.

JLT Re, a subsidiary of 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, has announced the acquisition of Olsa Re´s portfolio in Peru.  The acquisition further strengthens JLT Re’s position as Peru’s leading reinsurance broker, with the addition of Olsa Re’s significant aviation industry expertise and established client portfolio.

Olsa Re is a Peruvian reinsurance broker with over three decades of specialist experience in the aviation and cargo sectors, with clients also situated in Colombia, Ecuador and Costa Rica.  Jose Espinosa and Clara Escobar, Olsa´s key aviation brokers, have joined JLT Re Peru to manage the aviation line and ensure the continuity of the portfolio.

Jose Miguel Gonzalez, CEO of JLT Re, Peru and Colombia, said:

"The acquisition of Olsa Re´s portfolio provides a strong strategic fit for our clients and further strengthens the range of services we offer in Peru. Olsa Re’s proven aviation expertise will add even greater depth to our already leading client offer in the marketplace.”

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ENQUIRIES:

Corinne Gladstone, PR Manager JLT Group | T: (+44) 20 7895 7705| M: (+44) 7799 340 658 | E: corinne_gladstone@jltgroup.com

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 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.

www.jlt.com