Marsh-JLT wrap up integration of Indonesian operations
Marsh and Jardine Lloyd Thompson (JLT) have completed the integration of their Indonesian operations following approval by the country's Financial Services Authority (OJK).
The legal entity merger is part of the continued integration of JLT and Marsh following Marsh's global acquisition of JLT on April 1, 2019.
Marsh's Indonesian business has been in operation for more than 36 years, while JLT Indonesia has been operating in Indonesia for more than 40 years. This is the first time in Indonesia where two multinational insurance brokers have merged since the establishment of Indonesia's Financial Services Authority (OJK) in 2011.
"Today we embark on a new journey as an integrated insurance broker and risk adviser," said Douglas Ure, president director, PT Marsh Indonesia. "Marsh and JLT have a long history of continuously helping our clients overcome their risk management needs and this merger will now deliver the benefits from two great international companies with strong operations in Indonesia."
He added: "Marsh Indonesia as one integrated company now have more than 200 professional staff including over 30 certified practitioners, in full compliance with regulatory requirements. Through our consulting, risk management and broking businesses, we are focused on four imperatives -- creating breakthrough impact for our clients, embracing innovation and the digital future, being a great place to work, and driving growth and creating value."
