Client retention helped JLT hit high expectations, bosses say

 
Kate McCann
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SPECIALIST insurer Jardine Lloyd Thompson has met expectations for the year so far, bosses revealed at its annual general meeting yesterday.

Investment in client retention boosted the group’s fortunes and helped to stave off the effects of continued reductions in insurance and reinsurance pricing.

The group also revealed that it expects recent changes to the pensions market, announced in the Budget by chancellor George Osborne, will provide opportunities to grow in the medium term.

“Despite the continuing reductions in insurance and reinsurance pricing and the strength of sterling, our strategy of deepening our specialist capabilities and broadening our geographic reach gives us confidence in our ability to deliver year on year financial progress,” chief executive Dominic Burke said.

In a statement the company said its financial position remains strong with a string of recent acquisitions financed from operating cashflows and committed borrowing facilities.