BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

JLT profits increase for first half of 2007


LONDON—London-based brokerage Jardine Lloyd Thompson Group P.L.C. reported a pretax profit of £76.6 million ($154.9 million) for the first half of 2007, a 63.3% increase over the comparable period last year.

JLT said the profits had been boosted by an exceptional gain from the completion of the merger of its French associate SIACI with Assurances et Conseils Saint-Honoré, both Paris-based companies.

The brokerage said its fees and commissions for the first six months of 2007 were £244.7 million ($494.8 million), a 0.5% increase over the first half of 2006.

"After a positive first-half performance, we anticipate that the results in the second half will be impacted by the deteriorating market conditions and the weaker U.S. dollar," said Dominic Burke, chief executive of JLT, in a statement.

"However, we still expect JLT to show overall progress in its financial performance in 2007 compared to 2006," he added.