Jardine Insurance

JLT Asia buys Lambert Brothers

Jardine Lloyd Thompson Asia buys the HK insurance broker amid growing demand for independent advice about employee benefits in Hong Kong.

Insurance broker JLT Asia said this week that it had bought Hong Kong-based Lambert Brothers to help it tap into growing local demand for independent advice on employee benefits.

“There is a growing need for healthcare protection in Hong Kong given medical inflation and people are living longer,” said Nick Cousins, managing director of JLT Hong Kong, in an interview with FinanceAsia.

The number of people without adequate healthcare cover is growing rapidly across Asia as populations age and governments struggle to provide cradle-to-grave protection.

The health protection gap, the difference between the cost of meeting consumers' healthcare needs and the amount...

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