JLT Acquires Trade Credit and Political Risk Broker
- March 01, 2018
NEW YORK -- 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, has acquired International Risk Consultants (IRC), a major US specialist trade credit and political risk broker.
Based in Columbus, Ohio, and operating across US, Brazil, China and Hong Kong, IRC provides trade credit, single-and-multi-buyer, and political risk insurance.
The acquisition creates an industry-leading capability which combines IRC’s deep-rooted credit and political risk specialty expertise with JLT’s global credit, political and security (CPS) risk resources and position as a CPS risk specialist.
JLT and IRC share a strong strategic and cultural fit as specialist brokers, and already work together serving a number of JLT’s global CPS clients. IRC’s product specialties align with JLT’s global CPS risk capabilities.
From today IRC companies will be rebranded JLT Specialty USA CPS practice, JLT Asia CPS practice and JLT Brazil CPS practice.