JLT RE LAUNCHES JLT RE IBERIA THROUGH THE ACQUISITION OF JLT MARCH RE
13 November 2018
- JLT Re continues to invest in its European platform
- JLT Re Iberia reinforces connectivity with JLT Re LATAM clients in an increasingly global reinsurance market place
- Acquisition builds on strong relationship between JLT and Banca March
JLT Re, the global provider of reinsurance broking and consultancy, is pleased to announce the launch of JLT Re Iberia through the acquisition of JLT March Re. Located in Madrid, JLT Re Iberia will provide local expertise to our clients as well as creating an important link with our colleagues and clients in Latin America in an increasingly global reinsurance market place. This acquisition builds on the existing partnership of JLT and Banca March on insurance brokerage operations.
Keith Harrison, CEO, UK & Europe, JLT Re, said “We are delighted to launch JLT Re Iberia, as we continue to invest in our European platform and deliver results for our clients across JLT Re.”
María Díaz-Lladó, CEO of JLT Re Iberia, commented that “I am thrilled to lead our team in Spain, and know that JLT Re Iberia will bring the best in local and global reinsurance expertise to our clients.”
Keith Harrison, concluded “I am looking forward to the success of JLT Re Iberia. Our team in Madrid has an excellent reputation in the market and our clients will benefit as a result.”
The acquisition was approved by the DGSFP, Directorate General for Insurance and Pension Funds on October 3rd, 2018.
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NOTES TO EDITORS:
About JLT Re
JLT Re is the world’s fourth largest reinsurance broker, with approximately 800 professionals across 38 locations in 18 countries, delivering world class risk analysis and risk transfer solutions.
Our deep specialist knowledge and extensive experience of both the reinsurance market and clients’ own industry sectors enables JLT Re to deliver innovative solutions tailored to meet client needs.
We provide clients with broking and consultancy services across all classes of treaty and facultative reinsurance, including aviation, marine & energy, terrorism & political risk, trade credit, life accident and health, cyber, workers compensation and structured products.
JLT Re has a proven capability to provide a range of advisory and capital markets services specifically to insurance industry clients on a global scale.
Our ground breaking proprietary modelling tools and market leading analytical capabilities and personnel enable us to bring analytical rigour and a unique perspective to clients.
JLT Re is part of the Jardine Lloyd Thompson Group plc. www.JLTRe.com
About MARCH JLT
March JLT is an insurance broker specialized in risk management, insurance and social welfare for companies. Banca March holds a 75% shareholding in this company and Jardine Lloyd Thomson Group, one of the largest insurance brokers worldwide, with a presence in 135 countries through a network with more than 10,000 professionals, has a 25% shareholding. March JLT, fourth insurance broker in Spain, works with more than 20% of Ibex 35 companies. Its main areas of expertise are industrial, marine, tourism and concessions sectors.
About Jardine Lloyd Thompson
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 more than 40 territories with over 10,000 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 Banca March
Banca March is the head of one of the main Spanish financial groups and the only one family-owned. Banca March started out as the most solvent bank in Europe in two financial stress testing carried out by the EBA (European Banking Association) in 2010 and 2011. Actually, has one of the lowest nonperforming loans ratios of the Spanish financial system. Also the company has been recognized with one of the highest level of creditworthiness. The strength of Banca March’s business model has also been recognized by Moody's, which has raised Banca March’s rating debt in the long-term to A3, the highest level in the Spanish financial system, ahead of Spanish Kingdom, which currently has a Baa2 rating. Banca March is the majority shareholder of Corporación Financiera Alba, with significant holdings in Acerinox, Indra, Ebro Foods, BME, Viscofan, Euskaltel and Parques Reunidos, and other companies.