JLT capitalises on China-Australia investments


Broker Jardine Lloyd Thompson (JLT) has launched a Brisbane-based China desk to capitalise on the more than $40 billion two way investment flows between the two countries.

It plans to focus on providing lower insurance costs and better risk management products to Chinese and Australian investors.

Peter Wang has been appointed as regional head of the desk, having previously worked in China. He said a thorough needs examination was the basis of their business offering.

JLT said the desk is part of its top to bottom approach to assisting Chinese companies manage their risk in Australia whilst delivering competitive costs.

Leo Demer, JLT chief executive officer, said: "The level of investment between the two countries is accelerating, especially with the prospect of an Australia-China Free trade agreement being signed in the near future. Now is the perfect time to establish this new service.

“De-risking strategies are an important tool that will help lift the level of investment between the two countries. This service fills a vital niche in the insurance market and it will have long term benefits for Australia and China.

“Jardine Lloyd Thompson has a lot of experience in China, and we know that Chinese companies, especially mainland Chinese companies, are very risk averse.

"This aversion to risk makes investing in Australia challenging, given they are doing business in a country with a different legal system, and regulatory regime. In spite of this, there are very few risk management strategies tailor made for Chinese companies."

JLT, Asia-Pacific, Peter Wang

Intelligent Insurer