JLT Acquires Specialist Marine Broker In Hamburg
15 May 2018
- Key acquisition further strengthens JLT’s global marine & cargo speciality.
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 acquired specialty marine insurance broker, OWL Marine Insurance Brokers (OWL).
Based in Hamburg, OWL is a specialist, independent marine broker for hull and machinery and protection & indemnity insurance. This partnership provides positive momentum for JLT Specialty’s marine & cargo division, and is aligned with its global strategy of growing those specialist areas where JLT has deep knowledge and expertise.
Paul Knowles, CEO, JLT Specialty Europe said: ‘Germany is a major European market and a significant player in the global marine sector. JLT now has a presence in the three main ports of Europe. This acquisition follows a long and successful trading relationship between JLT and OWL Marine Insurance Brokers, a business that shares our client-first approach. OWL’s specialist expertise and ability to provide clients with tailored solutions will strengthen our global marine offering, as well as JLT’s wider market standing, network and reputation.’
Henrik Oel, Partner, OWL Marine Insurance Brokers said: ‘At OWL Marine Insurance Brokers, we take great pride in working collaboratively with maritime clients and insurers to deliver tailored solutions, and welcome JLT Group’s like-minded approach to client service. Bringing together these two culturally aligned businesses is an exciting development for our clients, who will benefit from our ability to deliver a broader range of services and access to JLT’s impressive global network and expertise.’
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Group Head of Investor Relations, JLT Group
+44 (0)20 77528 4933
+44 20 7404 5959
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, visit our website www.jlt.com.