Chinese regulator extends JLTs licence to cover all lines of insurance brokerage
25 May 2018
Jardine Lloyd Thompson (JLT) has had its licence to trade as a foreign broker in China extended to cover all lines of insurance brokerage.
China's Banking Insurance Regulatory Commission (CBIRC) extended the licence of JLT Insurance Brokers Co. Ltd with effect from 8TH May 2018, and this follows a recent move by the Chinese Government to further open the Chinese market to foreign operators.
The scope of business for the new licence is the same as that permitted for a domestic insurance brokerage company in China, and JLT is free to provide its comprehensive suite of risk advisory, employee benefits and insurance broking services to the full spectrum of Chinese businesses.
Dominic Samengo-Turner, JLT Asia’s Chief Executive, said ‘The Chinese Government’s One Belt One Road initiative is generating unprecedented opportunities for JLT, and we are very excited by the opportunities that this licencing extension presents.
‘Our Speciality business in China has been growing from strength to strength - particularly in the areas of Construction and Energy – and this success is based firmly on strong collaboration between JLT China and JLT Specialty’s regional and global experts.’
Philip Rong, CEO of JLT China, said ‘CBIRC has recognised JLT’s firm commitment to the Chinese market and the skills and value that we seek to bring, and this expanded license will enable us to strengthen and expand our offering in the country.
‘Combined with our rich local knowledge and strong global expertise, we are better positioned to offer full range of risk advisory and insurance services to meet the ever growing demands of our existing and potential clients in China.
– ENDS –
Director, Regional Sales, Marketing & Communications, JLT Asia
+65 6411 9099
Group PR Manager, JLT Group
+44 (0)20 7895 7705
+44 (0)7799 340658
About Jardine Lloyd Thompson
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 more than 40 territories with over 10,000 employees.
Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries. For further information about JLT, please visit our website www.jlt.com and follow us on LinkedIn at JLT Group and Twitter @JLTGroup.
For further information about JLT, please visit our website www.jlt.com.
About JLT Specialty
JLT Specialty Limited is a specialist insurance broker and risk consultant, providing market leading industry knowledge and expertise in specialist fields to some of the world's largest companies.
For further information about JLT Specialty, visit our website www.jltspecialty.com.