JLT Hong Kong announces the acquisition of independent insurance and employee benefits broker to add depth to its Asia business
JLT Hong Kong today announced the acquisition of Lambert Brothers Holdings Ltd as it continues to strengthen its Asia business.
Lambert Brothers Holdings (LBH), an insurance and employee benefits broker was formerly part of the Heath Lambert Group until it became independent in 2007.
The acquisition of LBH, which has enjoyed steady growth over recent years and has more than 40 insurance professionals, adds to JLT Asia and JLT Hong Kong’s Marine, Employee Benefits and Corporate business capabilities.
Managing director of LBH Mike Haynes will join the board of JLT’s Hong Kong business as deputy chairman. Managing director of JLT Hong Kong Nick Cousins will head the combined business with immediate effect and the LBH teams will integrate with JLT’s existing Hong Kong business operations.
Haynes said: “JLT has a long-standing heritage in Asia with a strong ‘client first’ reputation that was very attractive to the team at LBH.
“We see this as a significant opportunity for our clients to benefit from access to JLT’s unrivalled specialty capabilities and international platform and for our employees to have every opportunity to develop and fulfil their career aspirations within JLT.”
Executive chairman JLT Asia Anthony Langridge said: “I am excited to announce this acquisition, which not only adds depth, but strong synergy to our Hong Kong business. I give my warmest welcome to Mike Haynes and the rest of our new colleagues from LBH to JLT.”
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