The decision to establish a new company in South Africa follows many years of trading in the country, including a 3 year partnership with Glenrand MIB, which will now end following their expected takeover by a competitor.
JLT's entry into the market underlines its belief in the growth potential of South Africa both domestically and as a hub for the African continent. This development will provide clients with access to JLT industry specialisms in areas such as construction, natural resources, marine, financial risks, life sciences and telecommunications. In addition, the new operation will also offer both facultative and treaty reinsurance capabilities.
