Jardine Lloyd Thompson Group plc (JLT), one of the world's leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, has acquired Chartwell Healthcare Ltd the private medical insurance broker serving UK SME clients, subject to regulatory approval.
Chartwell, which is headquartered in Bristol with some 50 employees, specialises in private medical insurance (PMI) and associated protection products. The combination of JLT’s existing Employee Benefits Group Risk and Heath business with Chartwell creates one of the UK’s leading PMI intermediaries within the SME market. With a combined premium placement of nearly £200m and nearly 7,000 clients, the business will continue to re-shape the industry standards within the sector.
As part of JLT, Chartwell will be able to access expertise in the wider employee benefits arena, including pensions and flexible benefits and utilise the software platform Benpal, and therefore greatly broaden the offering to their clients.
Bala Viswanathan, CEO of JLT Employee Benefits, said: ‘Chartwell shares a strong cultural alignment to JLT with its client-first approach. By bringing together the professional skills, strengths and expertise of two like-minded businesses we can significantly enhance our offering to clients. This represents a significant step towards meeting JLT’s strategic goal of becoming a leading full service broker and Employee Benefits specialist to the UK SME sector’.
Gary Noble, CEO of Chartwell Healthcare, said: ‘I am delighted to have concluded our discussions with JLT Group. With the support of our key partnerships over the past nine years, the dedicated team at Chartwell Healthcare has built an extremely successful business model, with a strong and recognised brand.
‘Together this will expand our reach and distribution further into the SME sector and provide a wealth of opportunity, which will benefit both our valued employees and treasured clients. I am looking forward to working together to build an exciting future, where growth and innovation within the employee benefit sector will flourish.’
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PR Manager, JLT Group
+44 (0)20 7895 7705
NOTES TO EDITORS:
About Jardine Lloyd Thompson
Jardine Lloyd Thompson is one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT’s client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in over 40 territories with more than 10,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
For further information about JLT, please visit our website.
About JLT Employee Benefits
JLT Employee Benefits is one of the UK’s leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial, pension and investment consultancy, wealth management, flexible benefits, healthcare, benefit communication and financial education.
JLT Employee Benefits employs over 2,200 professionals and in 2016 had revenues of £160 m in UK & Ireland.
Pensions and employee benefits companies within the JLT Employee Benefits group of companies include: JLT Benefit Solutions Ltd, Profund Solutions Limited, JLT Wealth Management Limited, JLT Investment Management Limited and Independent Trustee Services Limited. JLT Employee Benefits is part of Jardine Lloyd Thompson Group plc.