2 JLT Specialty Limited is a member of the Jardine Lloyd Thompson Group of companies. Jardine Lloyd Thompson Group plc is an international group of Risk Specialists and Employee Benefits Consultants. Listed on the FTSE 250 index of the London Stock Exchange, Jardine Lloyd Thompson Group plc is one of the largest companies of its type in the world.
3 JLT Specialty is the construction insurance partner of choice for contractors, project owners and project financiers across the world. Through a focused approach to our clients key industries and risk exposures, we have become London s leading construction broker with more than 150 construction and real estate professionals in our team. Their broad experience and knowledge encompasses all aspects of construction. We work as one team. This benefits our clients through an integrated approach to their most demanding risks and we deliver solutions that go well beyond the standard construction insurance provision. And we can provide our construction expertise in all corners of the world, either directly or working with local independent intermediaries.
4 We place annually more than 400m of construction insurance premium in the market, which makes us London s leading construction broker and gives us the leverage to negotiate the most competitive rates on our clients behalf. We bring together insurance and capital market solutions to ensure we create a programme that responds to the risks our clients face. GETTING THE BEST FROM THE MARKET Our client was a large consortium developing a Motorway concession project. The project was originally priced by another broker, during which time the contract value had changed. JLT were then appointed to redesign the programme to fit around the new budget. There were a number of challenges with marketing the project which included; an extensive project period, high values at risk, a large number of tunnels and project phasing. A strong marketing strategy was put in place in order to overcome the challenges faced. This was led by construction s Head of Placement to access markets in London, Paris, and Germany, creating commercial pressure on these three core centres. We successfully negotiated with the lead insurer to agree a very significant share of the risk allowing support markets to "fall in" behind them. By utilising our market leverage and expertise we were able to achieve the best deal and the optimum price for our client. The insurances placed included a combined construction and operational policy with a single policy wording to ensure smooth interface between project phases.
5 The JLT International Network enhances the global reach of our JLT Specialty construction experts. Through the JLT International Network we are able to provide a local service in over 135 countries. From roads and rail to power stations, office blocks and sports stadia, we navigate our clients through local and global requirements. Contract values handled in the past five years (US ) 21Bn North America 23.5Bn UK & Ireland 9.5Bn 45Bn South America 50Bn Europe Africa 50Bn Middle East 45Bn Asia 8 Bn Australia
6 Renewables The JLT Group is one of the largest providers of renewable energy insurance services. In placing the construction phase of a Renewable project, we have vast experience in: Solar projects Waste to energy projects Onshore windfarm Tidal and wave energy. Mining Extensive experience in various Mining Projects including, copper, gold and uranium mines in a wide range of territories. Placed in excess of 30 new mining projects in the past five years. Work with both contractors and owners and our clients including some of the largest mining companies in the world. Ports and Terminals We have placed the largest port project in the world, and settled a number of challenging claims. Tunnelling & Infrastructure We have placed some of the largest infrastructure projects in the world. Our experts have a sound knowledge and support the principles of the International Tunnel Code of Practice. Provide access to high calibre independent engineers who are leaders in their fields. We have a facility for infrastructure projects delivering a range of benefits including providing broader coverage, the option to include lenders clauses and competitive premiums.
7 Oil and Gas Nuclear Power Extensive expertise in oil and gas sector: Expertise in the area of construction and decommissioning: Placing projects with a combined contract value of over USD 40 billion in the last two years. Our team is part of the dedicated Global Nuclear Practice Group Renowned team of experts within the London market with extensive experience in all power sectors: Ability to offer in-house risk engineering capabilities. Practical knowledge of the major nuclear conventions Our Paris team are the first and only team to settle a Paris Convention Nuclear Liability Claim. Recently placed the world s largest hydroelectric power project. Provide advice on the latest technology based on continuous contact with the market. Project Finance We have the largest and most experienced team in the London market in placing Project Finance projects. We have placed over 350 PFI/PPP projects globally. Integrated team covering a wide breadth of sectors and geographical areas. Contractor Expertise We arrange contractor controlled insurance programmes for some of the largest contractors in the world: We work with 8 of the top 10 UK contractors*. With our book of contractor clients we can accurately benchmark a client s total cost of risk and open market premium spend against their peer group. * As of September 2012
8 As an independent business we advise our clients without influence or bias and value the innovation and creativity that this independence generates. Our specialists have continued to push boundaries in order provide our clients with even more innovative insurance solutions, facilities and products. INNOVATIVE PLACEMENT STRATEGIES JLT s innovative approach to a complex port project involving wet works resulted in a broad CAR & TPL wording that included a unique Marine wrap around cover and a competitive premium. This was achieved by challenging traditional insurer thinking on wet risks. This project was the world s largest greenfield port development, involving considerable offshore and onshore works with multiple contract packages. Heavy civil works included excavation of a port basin, dredging of a channel, outer breakwaters and spoil being used for land reclamation. A key to success was the detailed Underwriting Submission focusing on wet works methodology. With clear objectives, we minimised the impact of the marine works interface to provide the most cost effective result. Working with our client we provided information that gave insurers a level of comfort to obtain full cover for works in or over water. JLT approached insurers in London, Europe, Asia and the Middle East. This and new policy language delivered the desired result for our client. It was acknowledged by an independent reviewer that this programme set new standards in price and coverage.
9 Our claims experts are integrated within our servicing teams. Through this joined-up approach we have established a world-class reputation for delivering results and resolving complex claims. We work in partnership with our clients establishing a clear line of communication with insurers to ensure the most efficient settlement of all losses. PROACTIVE CLAIMS MANAGEMENT Our claims team have worked on one of the largest construction claims the insurance market has seen in recent years. This involved not only the client s professional indemnity insurance but also their public/products liability insurers and a project-specific CAR/PL policy not arranged by JLT. All insurers appointed their own solicitors, adjusters, experts and advisors. JLT bought all the parties together and attended numerous meetings to ensure that positions did not become entrenched and the right result achieved for all parties concerned. In conjunction with our client and their legal advisors we were instrumental in ensuring that matters were dealt with in a non-confrontational manner with the insurance market. By using our technical expertise and knowledge of the key decision makers within the insurance market and our market leverage, we were successful in the claims payment. We have ensured significant and prompt interim claim payments following the initial settlement.
10 50,000MW 8 10 Placed insurance for 50,000 MW of new power stations in the past four years We work with eight of the top 10 construction contractors in the UK * * As of September COUNTRIES 30 US BILLION JLT Specialty has worked on tunnelling projects in over 40 countries We have placed insurance for PPP projects totalling more than US 30 billion GLOBAL INSURANCE PROGRAMMES 700m COLLECTED CLAIMS Our Global Service Team services over 150 global insurance programmes spanning more than 135 countries In 2011, our claims teams collected 700m for our clients
12 JLT Specialty Limited The St Botolph Building, 138 Houndsditch, London EC3A 7AW Tel +44 (0) Fax +44 (0) Lloyd s Broker. Authorised and regulated by the Financial Conduct Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: The St Botolph Building, 138 Houndsditch, London EC3A 7AW. Registered in England No VAT No August