GPL Assurance acquires JLT Canada’s Quebec business | Canadian Insurance

GPL Assurance acquires JLT Canada’s Quebec business

GPL will become JLT's exclusive broker in Quebec

GPL Assurance Inc. (GPL) has acquired the Quebec business of Jardine Lloyd Thompson Canada (JLT Canada). As a result of the acquisition, GPL becomes JLT’s exclusive broker in Quebec and a member of The JLT International Network.

“This transaction cements GPL’s position as a growing force in the Quebec general insurance and risk management solutions market,” said Louis-Thomas Labb&eacute, president and chief executive officer of GPL, in a press release.

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“It is a win for our clients on all levels. It brings even greater depth to GPL’s services in Quebec and enables us to leverage our membership in one of the largest networks in the international insurance sector. It will provide us with an expanded presence and expertise in construction and infrastructure, energy, professional services, and aerospace and aviation, and allows us to support our clients wherever they do business around the globe.”

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“This transaction makes enormous sense for our clients and for JLT,” said David Richards, CEO of JLT Canada. “GPL has been operating for more than four decades and they truly know and understand the unique Quebec market place. Our clients will be well served by a firm with a strong market presence in Quebec and they will still have full access to The JLT International Network.”

The transaction will close on April 30, 2014.

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