Insurance broker Jardine Lloyd Thompson (JLT) has reported a 10% rise in H1 pre-tax profits to £109m ($143m) and said it was preparing for a no-deal Brexit. The company is also looking at the possibility of moving its headquarters from London to Dublin or Frankfurt. JLT has been strengthening its European platform with the purchase of marine broker Belgibo, he said, adding the company was not planning a hub approach to Europe, similar to other insurance companies, but would have centres across many European economies.
Insurance broker Jardine Lloyd Thompson (JLT) has reported a 10% rise in H1 pre-tax profits to £109m ($143m) and said it was preparing for a no-deal Brexit. CEO Dominic Burke said he was confident the company would continue servicing European clients even without a Brexit deal, though didn't detail its preparations. JLT has been strengthening its European platform with the purchase of marine broker Belgibo, he said, adding the company was not planning a hub approach to Europe, similar to other insurance companies, but would have centres across many European economies.