JLT Specialty Insurance Services (JLT USA), the US subsidiary of Jardine Lloyd Thompson Group (JLT) has purchased part of the energy business of Alliant Insurance Services that focuses on larger and more complex major and international accounts, some of whom are existing international clients of JLT.
This bolt-on acquisition follows JLT’s recent announcement of its intention to expand its US specialty capabilities into key specialty areas, including energy, construction, financial lines, credit, political and security, and aerospace.
This acquisition has added a further 20 highly experienced energy practitioners led by Mary Beth Crabb, Peter Mortlock and John Parsley to JLT’s US specialty capabilities, building on its existing global energy position and underlining its commitment to invest further to build out this critical area of the US specialty offering.
Since the announcement at the end of August, JLT has received what they call “a very strong response from professionals across the insurance industry” with the total number of new hires being more than 50 in a little over two months since the launch of JLT USA.
Mike Rice, CEO of JLT USA, said: "JLT was already one of the strongest global specialty players in the energy arena and this acquisition has added substantially to these capabilities.”
“I’m delighted to welcome both our new colleagues from Alliant and, as importantly, their clients who we will be extremely well placed to service in what is an increasingly complex and global market place.’’
Parsley, who is now executive vice president of JLT USA, commented: “We are delighted to join an organisation that shares our values and focus on clients.”
“Together we now have the global platform and market presence to strengthen our client offering and to attract the very best people as we continue to create what we believe will become the market leading specialty energy team.”
