GPL Assurance becomes a member of the JLT International Network with acquisition of JLT Canada’s Quebec Business
Montreal, QC (Apr. 3, 2014) – Louis-Thomas Labbé, President and Chief Executive Officer of GPL assurance inc. is pleased to announce that GPL has acquired the Quebec business of Jardine Lloyd Thompson 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 Mr. Labbé. “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.”
The acquisition bolsters further GPL’s extensive expertise in the construction and infrastructure sector. JLT has been involved in many of the world’s largest construction projects, including power stations, infrastructure projects and commercial real estate. As a Member of the international network, GPL and its clients will have access to their expertise on international projects.
“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.
About GPL assurance inc.
Founded in 1968 by the Proulx family, GPL assurance has been in business in Quebec for over 46 years. One of the leading independent firms in the Quebec market, GPL offers general insurance and risk management services to clients with activities on five continents. The firm has more than 100 employees in its Montreal and Laval offices. GPL’s multidiscipline team operates in a wide variety of industry sectors, from aerospace to construction, retail distribution and manufacturing. GPL brings a strong focus on risk management strategy to its approach to packaging insurance solutions for its clients.
About JLT Group and the JLT International Network
JLT is one of the world’s largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT owns offices in 39 territories with some 9,000 employees, supported by the JLT International Network (formerly JLT NetworkTM), enabling the firm to offer risk management and employee benefit solutions in 139 countries. Members of JLT International Network have been chosen carefully for their knowledge, quality and capabilities, and above all for their strength and reputation in their domestic market.