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Broker News - JLT heralds new joint venture with ICAP.

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| March 01, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(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 ...

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