Jardine Lloyd Thompson Group plc (JLT), a leading insurance, reinsurance and employee benefits advisor, brokerage and service provider, has announced a move to a new office space in New York for its specialty, reinsurance and insurance capital markets units.
JLT will be moving over 100 employees from its JLT Specialty USA, JLT Re, and JLT Capital Markets to a new office located at 350 Madison Avenue in New York City. JLT will occupy the entire seventh floor of this 25-story office tower.
On the back of JLT’s rapid expansion and growth in North America the firm needs additional space to house growing teams, particularly in the specialty and reinsurance areas.
“We are thrilled to continue our growth in New York. Together, JLT Specialty USA, JLT Re, and JLT Capital Markets combine market leading expertise with the freedom to challenge conventions and create new insights tailored to meet our clients’ needs,” commented Mike Rice, CEO of JLT Specialty USA.
Ed Hochberg, CEO of JLT Re (North America) Inc. added; “Over the last three years, JLT has seen a rapid expansion of its business in North America, initially through the expansion of JLT Re which was then followed by the launch of JLT Specialty USA. All our businesses in North America continue to grow as our clients realize considerable value from our expert advisory and transactional capabilities. This new office space is a testament not only to the on-going success of JLT, but also to the strong collaboration across our operations in the region.“
Source: Globe Newswire
