JLT replaces Agnew and rebrands

Broking group Jardine Lloyd Thompson (JLT) has rebranded its specialty broking operation and named a new chairman for the division following the departure of Andrew Agnew last week.

The unit’s name will change to JLT Specialty Limited from Jardine Lloyd Thompson Limited (JLTL) from 1 January next year.

Jonathan Palmer-Brown will become the unit’s new chairman from 1 October.

Martin Hiller, chief executive of JLTL, who has been acting as interim chairman since Agnew’s departure last week, will continue in his role as chief executive once Palmer-Brown takes office.

Palmer-Brown joined JLT’s executive management team last year. He was previously deputy chairman of rival broker Aon Limited.

As part of JLTL’s rebranding, JLT’s aerospace business will transfer to JLT Specialty from JLT Reinsurance Brokers.

At the same time, a number of JLTL wholesale activities previously handled within the energy division will transfer to Lloyd & Partners Limited. The business transfers wil be effective from 1 January 2011, subject to regulatory approval.

JLT Group chief executive, Dominic Burke, said it was “a very important further development of our specialty capabilities.”

He added: “I am delighted that Jonathan is to become chairman; he has many years’ experience at the highest levels within the insurance industry.”