Insurance company Jardine Lloyd Thompson (LON:JLT) says it has made a positive start to the year and the overall trading performance is in line with expectations.
It noted that insurance markets continue to be competitive across most sectors although there has been some stabilisation of rates, as well as evidence of hardening in respect of certain catastrophe related risks.
The group's Risk & Insurance business is seeing 'encouraging' levels of organic growth with Latin America and Asia continuing to make a 'strong' contribution, together with a 'growing' reinsurance operation.
It added that the Employee Benefits business continued to make progress particularly in the development of its international footprint.
The firm also indicated that the acquisitions of Alta SA in Chile and of FDB Insurance Brokers Ireland made in the second half of 2011 are performing well, in line with expectations.
At 11:09am: (LON:JLT) Jardine Lloyd Thompson share price was -1.75p at 693.25p
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