Jardine Lloyd Thompson Group announced that its Asia business has acquired Hong Kong-based Lambert Brothers Holdings Limited (LBH). The bulletin noted that "LBH has been an independent insurance and employee benefits broker since leaving the Heath Lambert Group in 2007 with over 40 insurance professionals and has enjoyed steady growth over recent years. In particular, LBH adds to JLT Asia’s and JLT Hong Kong’s Marine, Employee Benefits and Corporate business capabilities."
Anthony Langridge Executive Chairman JLT Asia indicated that the acquisition "not only adds depth, but strong synergy to our Hong Kong business." He also welcomed Mike Haynes and the rest of our new colleagues from LBH to JLT.
Duncan Howorth, CEO, JLT Asia, said: "There is a strong cultural and commercial alignment between the two businesses with clear opportunities to exploit our specialty strengths. We aim to grow our Hong Kong operations whilst aligning our specialties to opportunities across the region as well."
Haynes was previously Managing Director of LBH. he will join the Board of JLT’s Hong Kong business as Deputy Chairman. Nick Cousins, Managing Director of JLT Hong Kong will run the combined business with immediate effect and the LBH teams will integrate with JLT’s existing Hong Kong business operations.
Haynes commented: "JLT has a long standing heritage in Asia with a strong ‘client first’ reputation that was very attractive to the team at LBH. We see this as a significant opportunity for our clients to benefit from access to JLT’s unrivalled specialty capabilities and international platform and for our employees to have every opportunity to develop and fulfil their career aspirations within JLT."
Source: Jardine Lloyd Thompson Group
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