Jardine Lloyd Thompson has announced that JLT Brazil Holdings has acquired 75% of SCK, a Rio de Janeiro based employee benefits and insurance broking operation. SCK was established in 1994 and focuses in three main areas, employee benefits, property & casualty and affinity, with three offices across Brazil.
Commenting on the transaction, Nicolau Daubt, CEO, JLT Brazil Holdings, said, “This acquisition positions our operations well for future growth in the region. Employee benefits remains a major focus for our strategic plans in Brazil and combining our JLT business with SCK will create an even stronger platform in the market. In addition SCK’s insurance broking operations will provide valuable relationships for our insurance operations and SCK’s affinity business will mean we can significantly accelerate the development of our existing affinity business."
Sergio Clark, Owner of SCK, said: “This is a great opportunity for everyone at SCK to build on the success we have had over recent years and the good relationship we have had with JLT. Not only will it allow us to serve our existing clients even better but it will also enable us to capitalise on the growing opportunities in Brazil and the region where long term growth prospects are supported by fundamental macro-economic trends. We are really excited about the opportunity to be part of JLT.”
Mike Methley, CEO Latin America, JLT Group, said: “SCK is a business that our team in Brazil has known very well and there is an excellent commercial and cultural fit. We have long admired the ambitious team at SCK and are delighted that they see JLT as a long term home for their people and clients. JLT’s brand, additional services and geographical reach should allow us to maximise this opportunity to the full. I am delighted to welcome Sergio Clark and the SCK team to JLT.”
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