Jardine Lloyd Thompson (JLT) has bought broker Belgibo from Exmar Group.
Based in Antwerp, Belgibo is a leading Belgian broker and will support JLT’s service to clients in all 26 EU and three EEA states after the United Kingdom has left the EU, helping to ensure that customers continue to benefit from access to the unique capabilities of the London market.
Belgibo and JLT have enjoyed a close trading relationship for more than twenty years, with Belgibo a longstanding member of the JLT International Network.
JLT’s European presence comprises owned businesses across Northern Europe and Ireland, together with joint ventures and branded associates in 17 countries to the South and East of the region. In total, JLT has a branded presence in 27 European and CIS countries.
Paul Knowles, CEO of JLT Europe, "This acquisition will further strengthen our presence in Europe, creating a business of size and relevance, alongside our current operations in the Netherlands. It also provides us with a significant platform in the Benelux region, providing us with momentum to continue to gain significant market share across the markets in which we both operate."