Articles - JLT provides an update


 Jardine Lloyd Thompson Group said at its Annual General Meeting this week that "the Group has made a positive start to the year and the overall trading performance is in line with expectations. Insurance markets continue to be competitive across most sectors although there has been some stabilisation of rates, as well as evidence of hardening in respect of certain catastrophe related risks.

 In Risk & Insurance, encouraging levels of organic growth are being achieved, building on recent investments, with Latin America and Asia continuing to make a strong contribution, together with our growing reinsurance operation.
 The Employee Benefits business continues to make progress particularly in the development of its international footprint.

 The acquisitions of Alta SA in Chile and of FDB Insurance Brokers Ireland made in the second half of 2011 are performing well, in line with our expectations.

 JLT's financial position remains strong.

 There have been no material events or transactions during the period and there have been no significant changes in the financial position of the company since the publication of the Annual Report for the year ended 31st December.
 The overall trading performance of the Group in the period is in line with expectations and notwithstanding the continuing uncertain global economic outlook JLT remains well placed to make financial progress in 2012."

Back to Index


Similar News to this Story

How does QT feed into the DB pensions funding levels debate
Over the past three years, following 15 years of heavy deficits, defined benefit (DB) pension schemes have moved into surplus as government bond yield
August 2025 Edition of the Actuarial Post Magazine
Firstly, many congratulations to the Lionesses for winning EUFA Women’s Euro 2025 and a special mention to Lucy Bronze for playing with a broken leg,
The role of insurance in advancing nuclear energy
As the world accelerates its transition to low-carbon energy, nuclear power stands out as a reliable, carbon-free solution. Its ability to provide con

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.