JLT sells 20% stake in South African unit to investment management company
JLT has sold a 20% stake in its JLT South Africa subsidiary to Thebe Investment Corporation for £164 842 as part of a strategic long-term agreement between the businesses.
An additional 5% will be held by an employee share trust, the combination of which confirms JLT's commitment to the South African government's Black Economic Empowerment programme.
JLT Risk &
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
Jensten names Geo’s Swindle as CEO of product and distribution
Jensten has appointed Geo Underwriting’s Jaime Swindle as its CEO of product and distribution, following its recently announced restructure.
Markerstudy urges industry to take accessibility seriously
The insurance sector needs to act now to improve website accessibility for vulnerable customers or risk the wrath of the Financial Conduct Authority, Markerstudy has warned.
Q&A: Mathew Rowles, Malago Insurance
Mathew Rowles, founder and managing director of Malago Insurance Brokers, speaks to Insurance Post regarding the firm’s 10th anniversary and the importance of remaining independent.
How insurers can retain the human touch in the age of AI
View from the Top: Steve Rhee, global chief digital officer at Gallagher, explains why the value of artificial intelligence to the insurance industry resides in how its implemented.
Allianz opens broker hub at Cardiff’s Principality Stadium
Allianz has confirmed to Insurance Post the location of its next broker hub: the Principality Stadium in Cardiff.
Why insurance distribution flexibility is no longer optional
Simon Pritchard, managing director of insurtech IS2, says during a soft market insurers need to maximise channel distribution to achieve growth.
Big Interview: Ryan Brown, PIB Group
Ryan Brown, deputy CEO of PIB Group, talks to Insurance Post regarding the collapsed Gallagher sale, the firm’s more ‘cautious’ M&A strategy, and where it's investing for growth.
Jensten creates two executive roles amid restructure
Jensten Group has added two new roles to its executive leadership team as part of a restructure of the business into two trading divisions: broking, and product and distribution.