July 29 Insurance and reinsurance broker Jardine
Lloyd Thompson Group Plc reported a 15 rise in
underlying pretax profit but said it was cautious for the rest
of the year due to a marked decline in rates and a stronger
Underlying pretax profit rose to 107.4 million pounds
($182.4 million) in the six months ended June 30 from 93.1
million pounds a year earlier, helped by its Towers Watson Re
Total revenue rose 15 percent to 559.6 million pounds.
JLT, which negotiates insurance cover on behalf of corporate
clients around the world, bought Towers Watson's
reinsurance brokerage last year for $250 million to expand its
footprint in the United States.
($1 = 0.5889 British Pounds)
(Reporting by Richa Naidu and Roshni Menon in Bangalore;
Editing by Gopakumar Warrier)