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JLT forms cell companies

Michael Bradford

March 29, 2007 Reprints

P/C Insurers Jardine Lloyd Thompson Group More + Less -

LONDONJardine Lloyd Thompson Group P.L.C. is rebranding its captive management operations as it forms two new cell companies.

The newly named JLT Insurance Management is setting up Isosceles PCC Ltd., a protected cell company in Guernsey, and Isosceles Ltd., a segregated account insurer in Bermuda.

"The legal structure of these companies offers considerable flexibility and can be used in many different ways to assist our clients," said Nick Wild, London-based executive chairman (ex Americas) of JLT Insurance Management, in a statement.

JLT Insurance Management said it plans to expand its services into alternative risk transfer vehicles, including sidecars, transformers and special purpose vehicles.

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JLT forms cell companies

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