JLT launches European Real Estate Group

It is hoped that the move, which is being heralded as an important step towards "improving policy coverage and pricing", will help provide clients with a better understanding of the different insurance and legal regimes across the continent.

Bill Gloyn, partner at European Real Estate JLT, said: "The European Real Estate Practice Group will enhance services to all our existing clients around Europe by improving the understanding of the very different insurance and legal regimes in those territories. It also means we can capitalise on the combined premium turnover that the practice group has with various leading pan-European insurers by improving policy coverage and pricing - for the benefit of clients and their tenants ".

Meanwhile, Mark Drummond-Brady, JLT international chairman and a member of the group's executive committee, highlighted the "diverse relationships" that the company already enjoy throughout Europe as being major factor in the initial formation of the new body.

He said: "This is another example of JLT focusing on and growing our specialist areas. A key part of this is building our international reach and relevance. JLT values the diverse relationships we have throughout the continent and welcomes the opportunity to export specialty skills and experience to our partners - whilst still respecting the local and independent relationships that our partners have with their clients".