Jardine Lloyd Thompson Group PLC Completion of Acquisition of Hayward Aviation (5966A)
December 23 2014 - 7:42AM
UK Regulatory
TIDMJLT
RNS Number : 5966A
Jardine Lloyd Thompson Group PLC
23 December 2014
JARDINE LLOYD THOMPSON GROUP PLC COMPLETES ACQUISITION OF
HAYWARD AVIATION
23(rd) December 2014, London: 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, today announces the completion of its
acquisition of Hayward Aviation Limited ("Hayward Aviation") from
Towergate Insurance Ltd ("Towergate").
On 8(th) December 2014 JLT announced that it was acquiring
Hayward Aviation and that the completion of this transaction was
only subject to regulatory approvals and other formalities being
completed. This requirement has now been fulfilled and the
transaction has therefore been completed.
Hayward Aviation is a leading international specialist General
Aviation insurance broker that arranges insurance for regional
airlines, small commercial fleets of fixed wing aircraft and
helicopters, individual jets, light aircraft and helicopters owned
by private clients.
Aviation is a core specialty for JLT, which has established
leading positions in the airline and space markets in the last few
years. This acquisition accelerates JLT's strategy of leveraging
this success into adjacent parts of the Aerospace market, by
significantly enhancing the brand, scale and capability of our
General Aviation activities.
ENDS
Contacts
JLT Group
Paul Dransfield
Head of Group Corporate Communications
+44 20 7528 4933
Brunswick Group
Tom Burns/Dania Saidam
+44 20 7404 5959
Notes to Editors
About Jardine Lloyd Thompson Group plc
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
40 territories with more than 9,500 employees. Supported by the JLT
International Network, it offers risk management and employee
benefit solutions in 135 countries.
http://www.jltgroup.com/
About Hayward Aviation Limited
Hayward Aviation Limited is a leading international specialist
aviation insurance broker, based in the UK, supporting clients in
over 70 countries around the world. It was formed in November 1992
to meet the specialist insurance needs of corporate and private
aviation and helicopter owners and operators in the UK.
Over time the company has expanded its scope of expertise to
include the broadest cross section of the dynamic and demanding
Business Aviation market internationally, employing approximately
80 staff it provides aviation and related non-aviation insurance
broking services to clients across the world.
This announcement may contain "forward looking statements"
regarding the financial position, business strategy or plans for
future operations of the JLT Group. By their nature, forward
looking statements involve risk and uncertainty, relating to facts
that are beyond the company's ability to control, such as future
market conditions. Any such statements in this announcement speak
only as at the date of this announcement. The company does not
assume any obligation to, and does not intend to, revise or update
these forward looking statements except as required pursuant to
applicable law
This information is provided by RNS
The company news service from the London Stock Exchange
END
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