JLT acquires Ingham

London-based insurance broker Jardine Lloyd Thompson Group Plc (JLT) has acquired Wolverhampton-based rival Ingham Holdings for up to £14 million. 


London-based insurance broker Jardine Lloyd Thompson Group Plc (JLT) has acquired Wolverhampton-based rival Ingham Holdings for up to £14 million. 

London-based insurance broker Jardine Lloyd Thompson Group Plc (JLT) has acquired Wolverhampton-based rival Ingham Holdings for up to £14 million.

In the year to February 2009, Ingham generated £19m of gross written premium. The acquisition expands JLT’s underwriting division, Thistle.

James Gerry, CEO of Thistle, said: “As we near the completion of our platform development, it is clear that the acquisition of Ingham offers a number of key benefits and opportunities for Thistle, including a proven track record, an excellent reputation within the UK and an exceptional distribution network.”

JLT reported a decrease in pre-tax profits of three per cent to £92.8 million.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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