JLT hands over non-advisory arm to Thistle
In a shake up of its UK retail insurance broking activities, JLT has announced it is merging its non-advisory division with Thistle Underwriters
The non-advisory part of the business, which distributes cover principally underwritten by a single provider for smaller standard risks, brought in £32m in 2009 a figure JLT said it hoped to boost to £36m, through the Thistle model, in 2010.
James Gerry, chief executive officer of Thistle Underwriting, told Insurance Age he was keen for the agreement to be distinguished from managing general agents (MGAs) other brokers had established in the past few years.
"We're not combining the business
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