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5 JARDINE LLOYD THOMPSON GROUP P.L.C.
2013 gross revenue: $1.06 billion
Percent change: 20.6%
2013 brokerage revenue: $1.06 billion
Percent change: 20.9%
A focus on being a specialist in insurance, reinsurance and employee benefits helped London-based insurance brokerage Jardine Lloyd Thompson Group P.L.C. increase its brokerage revenue in 2013.
The acquisition last fall of Towers Watson & Co.'s reinsurance brokerage business to establish JLT Towers Re helped JLT boost its 2013 brokerage revenue by 20.9% to $1.06 billion, moving it up two notches to No. 5 in Business Insurance's 2014 ranking of the world's largest insurance brokers.
The $250 million deal was "transformational" for JLT, said Eamonn Flanagan, a director at investment adviser Shore Capital Group Ltd. in Liverpool, England.
It provided JLT with a large reinsurance staff as well as access to analytics, making the broker a "serious player" in the reinsurance market, Mr. Flanagan said.
Since JLT set up a reinsurance arm in 2006, it has grown steadily, and the...