EuropeFinance and Insurance
Exmar sells insurance broker Belgibo to JLT
Belgian gas specialist Exmar has reached an agreement to sell insurance broker Belgibo to Jardine Lloyd Thomson Group.
Belgibo is an insurance broker and risk consultant, specialising in maritime and industrial risks and claims management.
Belgibo and JLT have formed a close trading relationship for more than twenty years since Belgibo is a long standing member of the JLT international network.
Exmar said the transaction will reinforce its cash position, though the financial details of the deal were not disclosed.