Jardine Lloyd Thompson Group

What Jardine Lloyd Thompson Group does

Jardine Lloyd Thompson Group (JLT) was a UK-headquartered insurance broker, risk management consultancy, and employee benefits advisor serving enterprise clients across multiple industries and geographies. Founded in the late 1980s (firmographics list 1997; company history 1987) and historically listed on the London Stock Exchange under ticker JLT, the firm built a specialist reputation in complex insurance intermediation, multinational client placement, and corporate benefits consulting. JLT generated revenue through professional services engagements — broker commissions, consulting fees, and risk advisory mandates — delivered via enterprise field sales teams across the UK, Europe, and select international markets. Its service portfolio spanned property, casualty, financial and professional liability, political risk, trade credit, cyber risk, climate and sustainability advisory, captive insurance, and alternative risk transfer, alongside employee health, wellness, annuity, and investment services.

In 2012, JLT acquired Alexander Forbes Consultants & Actuaries Limited (AFCA) for £17 million, expanding its UK employee benefits division to approximately 25% of group revenues and adding 300+ employees across six UK offices. Through a sustained acquisition program between 2010 and 2018, JLT added specialty capabilities including Towers Watson's reinsurance brokerage business ($250 million in 2013), StoneHill Reinsurance Partners, Olsa Re, Hayward Aviation, Lambert Brothers Holdings, and others. Its technology stack centered on proprietary risk analytics tools inherited or aligned with the Marsh platform — most notably the Global Insurance Market Index (GIMI) and the Cross-Check aviation report — leveraging data and analytics to advise clients on commercial insurance rate movements and risk transfer strategy.

In 2019, Marsh & McLennan Companies acquired JLT for approximately $5.6 billion, taking it private and ending its independent listing. Post-acquisition, JLT operates as a wholly-owned subsidiary within Marsh & McLennan's portfolio of operating companies (Marsh, Guy Carpenter, Mercer, Oliver Wyman), with the Employee Benefits division integrated into Marsh's broader UK franchise. The financials table supplied contains apparent formatting anomalies (figures in the trillions) and does not align with JLT's standalone scale; standalone public reporting prior to 2019 indicated multi-billion-dollar annual revenue supported by 10,000+ employees globally.

Name

Jardine Lloyd Thompson Group

Legal name

Jardine Lloyd Thompson Group

Website

https://jlt.com

Company type

Private

Founded year

1987

Operating status

Acquired

Headcount range

5,001–10,000 employees

Short description

Jardine Lloyd Thompson Group was a UK-headquartered insurance broker and risk management consultancy providing insurance intermediation, risk advisory, and employee benefits services to enterprise clients across 30+ industries, now operating as a wholly-owned subsidiary of Marsh & McLennan following its 2019 acquisition.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Risk Management

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242), Claims Adjusting (524291)

SIC

Insurance Agents, Brokers & Service (6411), Services-Management Services (8741)

akta.pro primary industry

Claims Advocacy & Loss Recovery Services (FSAEADAH)

Keywords

• Insurance brokerage
• Risk consulting
• Employee benefits
• Reinsurance advisory
• Claims management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance intermediation and risk management services: Marsh & McLennan generates revenue through complex insurance intermediation, coordinating multi-party underwriting pools and managing claims processes. JLT similarly operates in insurance broking and employee benefits consulting.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

JLT is a UK-based insurance broker and risk management consultancy providing insurance, reinsurance, and employee benefits advisory services to enterprise clients. The firm delivers risk consulting, insurance brokerage, and claims advocacy services that leverage data, technology, and analytics to help corporate clients quantify and manage risk. Its Employee Benefits division covers health, wellness, risk, annuity, and investment services.

Product overview

Marsh & McLennan Companies is a global professional services firm bringing together four distinct operating companies: Marsh (risk and insurance broking), Guy Carpenter (reinsurance and capital), Mercer (people and investments), and Oliver Wyman (management consulting). JLT (Jardine Lloyd Thompson Group), now part of Marsh, operates as a specialist insurance broker and risk consultant. The portfolio includes Marsh Risk Advisory's core insurance broking and risk management services, proprietary research products like the Global Insurance Market Index (GIMI) and Cross-Check aviation reports, and specialized services spanning risk analytics, employee health & benefits, cyber risk, climate change sustainability, and captive insurance. JLT's Employee Benefits division, which absorbed Alexander Forbes Consultants & Actuaries Limited (AFCA) following its 2026 acquisition, focuses on UK health, wellness, risk, annuity, and investment services.

Differentiator

Problem solved

Functional benefit

Products and services

• Marsh Risk Advisory

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Alexander Forbes Consultants & Actuaries Limited (AFCA)coreStrategic or Co-development Partner · 2 March 2026JLT announced acquisition of AFCA for £17 million cash consideration. AFCA will be integrated into JLT's Employee Benefits business, strengthening capabilities in health, wellness, risk, annuity, and investment services. AFCA generated £27.8m revenue with 300+ employees across six UK offices.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lockton Companies: The world's largest privately held independent insurance brokerage, offering commercial risk, employee benefits, and risk consulting globally; directly comparable to JLT on scale, product breadth, and enterprise client focus.
• Arthur J. Gallagher & Co. Large publicly traded insurance brokerage and risk management services firm with global operations across commercial property/casualty, employee benefits, and risk consulting. Gallagher is one of the closest scale competitors to JLT/Marsh outside the top-two.
• Willis Towers Watson: Global advisory, broking, and solutions firm operating across insurance brokerage, reinsurance, and employee benefits. WTW overlaps directly with JLT/Marsh's risk and benefits businesses and competes for identical Fortune-grade enterprise mandates.
• Howden Group: Privately held global insurance brokerage and reinsurance broker with significant UK and European presence, directly overlapping JLT's specialty and reinsurance intermediation businesses.
• Aon plc: Global insurance brokerage and risk management firm with a directly comparable product portfolio (commercial risk, reinsurance, health and benefits). Aon is one of two dominant global brokers alongside Marsh/JLT and competes for the same enterprise clients.
• Hub International: North American insurance brokerage providing commercial, personal, and employee benefits solutions. Comparable mid-market and enterprise risk management focus to JLT's commercial lines book.
• Alliant Insurance Services: US-based specialty insurance brokerage with diversified commercial and employee benefits offerings. Competes with JLT/Marsh in mid-market and specialty risk placements, particularly in the US.
• Brown & Brown, Inc. US-headquartered insurance brokerage distributing commercial P&C, employee benefits, and risk solutions across North America with growing international footprint. Operates in the same markets and offers the same products as JLT's commercial lines.

Broad incumbents

• Marsh & McLennan Companies: The parent company and global professional services firm under which JLT now operates; Marsh is the largest insurance broker in the world and shares the same core broking and risk advisory products, providing direct portfolio overlap with JLT's offerings.

Emerging players

• Acrisure: Tech-enabled, rapidly consolidating insurance brokerage using proprietary digital tools to distribute commercial and personal lines. Acrisure overlaps with JLT on commercial broking but differentiates through a digital, acquisition-led model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/jltgroup
• LinkedInlinkedin.com/company/jardine-lloyd-thompson

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A16 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jardine Lloyd Thompson Group