This development will provide clients with access to JLT industry specialisms in areas such as construction, natural resources, marine, financial risks, life sciences and telecommunications. JLT’s entry into the market underlines its belief in the growth potential of South Africa both domestically and as a hub for the African continent. The decision to establish a new company in South Africa follows many years of trading in the country, including a 3 year partnership with Glenrand MIB, which will now end following their expected takeover by a competitor. The company will be majority owned by JLT and will include management and BEE partners as shareholders. Jardine Lloyd Thompson Group plc (JLT) is pleased to announce the formation of a new South African company which will provide increased choice to insurance buyers in the domestic market, enhanced access to international markets, experience and specialty skills, and greater competition in a broking industry undergoing consolidation. 24 January 2011 Jardine Lloyd Thompson Group plc (JLT)
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