JLT expands Latam footprint with SCK acquisition

Jardine Lloyd Thompson Group (JLT), has extended its Latin American operation with a 75 percent acquisition of SCK via JLT Brazil Holdings.

SCK is a Rio de Janeiro based employee benefits and insurance broking operation that has three offices across Brazil.

“This acquisition positions our operations well for future growth in the region. Employee benefits remains a major focus for our strategic plans in Brazil and combining our JLT business with SCK will create an even stronger platform in the market,” said Nicolau Daubt, CEO, JLT Brazil Holdings. “In addition SCK’s insurance broking operations will provide valuable relationships for our insurance operations and SCK’s affinity business will mean we can significantly accelerate the development of our existing affinity business.”

Sergio Clark, Owner of SCK, added: “This is a great opportunity for everyone at SCK to build on the success we have had over recent years and the good relationship we have had with JLT. Not only will it allow us to serve our existing clients even better but it will also enable us to capitalise on the growing opportunities in Brazil.”