Business Services Industry
6. Jardine Lloyd Thompson Group P.L.C.(earnings)
Business Insurance, July, 2005 by Cockburn, Barbara
Byline: Barbara Cockburn Following a difficult year in which profits fell and its chief executive departed, Jardine Lloyd Thompson Group P.L.C. is focused on streamlining management and taking advantage of growth opportunities. The London-based brokerage tapped former Chief Executive Ken Carter to act as executive chairman after the abrupt departure of CEO Steve McGill in December.
Mr. Carter will serve in that role for up to two years until JLT can name a new top executive. Mr. McGill's departure swiftly followed a JLT warning last year that quicker-than-expected market softening and less demand for risk consulting would reduce its profits for 2004. For 2004, JLT's total gross revenues increased 8% in its home currency, to u482 million ($883.5 million)...
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