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GMB - Glenrand M I B Limited - Press Release
GLENRAND M I B LIMITED
(Incorporated in the Republic of South Africa)
Licensed Financial Services Provider
(Registration number 1997/008001/06)
Share code : GMB ISIN : ZAE000078010
("Glenrand M I B")
Press Release
Glenrand M I B today announced the formalisation of an exclusive trading
agreement with the UK based Jardine Lloyd Thompson Limited (JLT) and Lloyd &
Partners Limited (LPL), both members of the Jardine Lloyd Thompson group of
companies.
JLT is listed on the London Stock Exchange and is the sixth largest company of
its type in the world. JLT operates in more than 30 countries, employs over 5000
staff and has more than 100 owned offices worldwide.
In terms of the agreement Glenrand M I B will be the sole trading partner for
JLT in South Africa.
Andrew Chislett, National Divisional Director of Glenrand M I B Risk Services,
comments: "We are exceptionally proud to have secured a partnership with one of
the world`s largest and most respected broking firms and have no doubt that this
will have a very positive impact on our already impressive ability to provide
world class risk solutions to our national and international base of large
corporate clients.
"Our local market strength and expertise will now have the added benefit of
access to the global presence, reach and expertise of JLT which we consider a
key competitive differentiator."
Mark Drummond-Brady, International Chairman of Jardine Lloyd Thompson Group
comments, "We look forward to intensifying our excellent trading relationship
with Glenrand M I B and believe that their distribution capabilities will
greatly enhance our ability to make available to clients and prospects in the
region our transactional broking and risk advisory skills, as well as access to
our global network. We are delighted with this development."
Jardine Lloyd Thompson Group plc is a leading risk management adviser and
insurance and reinsurance broker, as well as a major provider of employee
benefit administration services and related consultancy advice. JLT is the
largest European-headquartered company providing these services and is one of
the largest firms of its type in the world.
Glenrand M I B is a leading provider of insurance broking and employee benefit
consulting services to a broad range of Southern African and international
clients.
Randburg
12 April 2007
Sponsor
Nedbank Capital
Date: 12/04/2007 07:29:48 Produced by the JSE SENS Department.
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