Strategy JLT acquires South African broker Eluleka November 28, 2013 | Insurance Insights http://www.insuranceinsight.com/insurance-insight/news/2309826/jlt-acquires-south-africanbroker-eluleka Jardine Lloyd Thompson Group has acquired South African employee benefits and healthcare broker and consultant Eluleka Consulting. The Johannesburg-based business employs around 40 people and was founded in 2007 by managing director Tyrone Farinha. Rhys Edwards, JLT Benefit Solutions South Africa chief executive, said: “This acquisition will immediately position JLT as the one of the largest players in the South African healthcare market, and provide us with the capabilities and market profile to execute our strategy of building our international reach and relevance in a region where there is growing demand for JLT’s specialist expertise. We see great opportunities to work with mid/large South African corporates as well as opportunity to use Ben Pal as a key differentiator in this market.” Eluleka’s Adrian Parsons said: “This is a great opportunity for everyone at Eluleka to build on the success we have had over recent years. Not only will it allow us to serve our existing clients even better but it will also enable us to capitalise on the growing employee benefits opportunities in a region whose long term growth prospects are supported by fundamental macro-economic trends. We are really excited about the opportunity to be part of JLT.” Duncan Howorth, JLT employee benefits international chairman, said: “We have a growing operation in South Africa, built on our long standing relationships in the region and reinforced by our offices in Johannesburg and Cape Town. We have been keen to expand our employee benefits capability in South Africa in line with our international growth strategy for employee benefits, with a particular focus on healthcare consulting. This investment therefore provides JLT with the opportunity to accelerate our momentum in these areas. There is an excellent cultural and commercial alignment between our businesses and we are delighted to welcome the Eluleka team to JLT.”
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