Reinsurance helps JLT to 6.3% organic growth
London-listed broker Jardine Lloyd Thompson (JLT) delivered organic growth of 6.3 percent in the first half of the year as JLT Re and its primary operations in Asia and Latin America showed robust growth.
The group's trading profit margin expanded by 90 basis points to 19.4 percent, with the broker noting that it had completed a three-year business "Transformation Programme" to take out £24mn of annual costs.
Total revenues were up 7 percent at £441.7mn and pre-tax profits were 11...
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