JLT Acquires a Leading Trade Credit and Political Risk Broker in the US
01 March 2018 - 12:00AM
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
International Risk Consultants (IRC), a major US specialist trade
credit and political risk broker.
Based in Columbus, Ohio, and operating across US, Brazil, China
and Hong Kong, IRC provides trade credit, single-and-multi-buyer,
and political risk insurance.
The acquisition creates an industry-leading capability which
combines IRC’s deep-rooted credit and political risk specialty
expertise with JLT’s global credit, political and security (CPS)
risk resources and position as a CPS risk specialist.
JLT and IRC share a strong strategic and cultural fit as
specialist brokers, and already work together serving a number of
JLT’s global CPS clients. IRC’s product specialties align
with JLT’s global CPS risk capabilities.
From today IRC companies will be rebranded JLT Specialty USA CPS
practice, JLT Asia CPS practice and JLT Brazil CPS practice.
Nick Robson CEO of JLT Specialty Limited CPS Division,
said: “JLT’s CPS practice and the IRC
team are committed to helping our clients secure growth and deliver
results wherever they trade and invest. The combination of
our existing leading international CPS business in Europe, MEA and
Asia, with IRC’s strength in the USA, Asia and Brazil will create
the world’s leading CPS practice, delivering marketing leading
international risk and insurance expertise with local service on a
global basis.”
Mike Rice, Executive Chairman of JLT Specialty US
said: “IRC and JLT share a profound commitment to
specialty expertise and to putting the client first. This
transaction is consistent with the key pillars of JLT’s strategy -
focusing and growing in specialist industry and product areas and
building its global reach to better serve our clients.”
Ed Yauch, President & CEO of International Risk
Consultants, said: “IRC has found a home within
JLT. This seems like a natural next step as we have known some
of their principals and partners for over twenty years. This
acquisition magnifies our global capabilities and accelerates our
growth opportunities with large corporates and global financial
institutions alike. We are excited to join JLT, and with
their global framework and specialized expertise we will continue
to deliver customized solutions for our clients.”
ENQUIRIES:Ashely DealVP of
Marketing +1 310-266-9464ashely.deal@jltus.com
Paul DransfieldGroup Head of Investor Relations+44 20 7528
4933paul_dransfield@jltgroup.com
NOTES TO EDITORS:
About Jardine Lloyd Thompson (JLT.L)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 40 territories with more than 10,600 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.
About JLT Specialty USAJLT Specialty USA is the U.S. platform of
the leading specialty business advisory firm, Jardine Lloyd
Thompson Group. Our experts have deep industry and product
experience serving leading U.S. and global firms. Our key to client
success is our freedom to be creative, collaborative, and
analytical while challenging conventions, redefining problems,
creating new analytical insights, and exploring new boundaries to
deliver solutions for each client’s unique business and risks.
For further information about JLT, please visit our website
www.jltus.com and follow us on LinkedIn at JLT Specialty USA and
Twitter @JLTSpecialtyUSA.
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