Broker's performance ahead of expectations in some sectors
JLT said its first quarter performance was ahead of expectations in some areas.
In an upbeat interim management statement, the broker said that it had made a positive start to the year and that it continued to expect profitable growth in 2008.
It said first quarter performance was in line with and in some cases, modestly ahead of, expectations.
But it warned that lower interest rates, particularly in the US would reduce investment income in 2008 compared to 2007.
Dominic Burke, chief executive of JLT said: “Against a background of very competitive trading conditions, I am pleased to report that JLT has made a positive start to 2008 and trading for the first quarter has met our expectations in both our Risk & Insurance and Employee Benefits operations.”
