As we draw into the 4th Quarter of 2018 we can all reflect on yet another year in our ever changing industry which has been full of twists and turns.
There has been significant progress on making the Insurance Sector more efficient and technology based for the benefit of our clients. The advent of electronic trading via platforms such as PPL, eReinsure and others, together with the many InsureTech and Blockchain initiatives have not only been welcomed, but genuinely embraced. There appears to be a renewed drive and determination to make sure these succeed.
Similarly we have witnessed increased Mergers and Acquisitions, together with continuing review and analysis to drive performance upwards and costs downwards. The Lloyd's ‘Closing the Performance Gap’ initiative has produced much needed change, which will undoubtedly continue into 2019.
This is the 6th issue of the JLT Fac Market Update, and we never cease to be amazed how much Market Movement and Corporate news there is to fill yet another issue.
JLT Fac continues to expand on a global basis and goes from success to success.
Our latest build out is in the USA with new high profile hires to lead our expansion into this region.
We continue to be grateful for all the support from new and existing clients.
Vanessa Macdonald-Smith, CEO JLT FAC
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