JLT Re ups 2007 margins against soft market headwinds
Reinsurance broker JLTRe has reported turnover of £43.2m for the 2007 year, down 8% on 2006, and a trading margin of 11%, compared to 10% for 2006.
Taking into account exchange rate fluctuations the broker said turnover would only have fallen 5% and magins would have improved further to 13%.
JLT Re blamed the decline in reinsurance broking
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