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(From Post Magazine)
Jardine Lloyd Thompson says it is hoping to corner the market for insurance-based derivatives through a stand-alone joint venture with ICAP.
JLT already has links with the interdealer broker as its commercial director, William Nabarro is also a non-executive director on ICAP's board.
According to JLT, the market for insurance, financial derivatives and securities are converging and this joint venture will offer a broking service in these nascent markets as well as seeking to originate and structure insurance- related transactions.
Dominic Burke, CEO of JLT, said: "During ...