JLT Sport
www.jltsport.com
Who are we?
JLT Sport is the global sports practice of the Jardine Lloyd Thompson group. We provide tailored risk management and project consulting solutions to the corporate sports industry.
JLT Sport is passionate about sport from the amateur participant to the elite professional athlete. Our business model does not deal in off the shelf products, we seek to thoroughly understand our client’s business, comprehend their needs and design the most innovative, client driven solutions available.
At JLT Sport we seek to stay ahead of the game by continually designing, developing and implementing solutions that differentiate us from our competitors and ultimately provide direct tangible benefits to the sports we work with.
What makes us different?
Our priority is always to understand what you the client wants. We seek to understand the goals and objectives of your business and how we can help you achieve these by using our core services of insurance and risk management consultancy.
Whether your business’s priority is sports governance, event management, broadcasting rights, player/athlete injury, public safety or community training and development, JLT Sport can design a solution for your business. We design integrated insurance and risk management solutions and combine them with innovative delivery methods to ensure your sport gets the most out of your risk transfer investment.
Our approach
Partnership is an essential part of JLT Sport’s client management philosophy. We seek to partner every client we work with by thoroughly understanding your business, its needs and its future direction. Our solutions are designed to go hand in hand with where your business is going.
JLT Sport is passionate about delivering the most innovative range of consulting services to the sports industry. Our dedicated team of sport professionals combine years of knowledge and industry experience with the latest technology to provide world class service solutions.
Our insurance broking, risk management and project consulting services are tailored to each specific area of the sports industry we work with. It is this focus that drives our innovation.
Our experience
Tony Venning, Duncan Fraser, Richard Rainbow, Jonathan Cole and James Hopper; JLT’s dedicated Major Events team has nearly 100 years of experience between them in providing innovative risk management and insurance broking services to the sports industry. The JLT team has been instrumental in the placement of insurance coverage for a number of Major Events including:
- Asian Games 2006
- Summer Olympics for Sydney in 2000 and Athens in 2004.
- Winter Olympics for Turin in 2006 and Salt Lake City in 2002.
- Olympic Delivery Authority for the London Olympics 2012.
- Pan American Games 2007.
- Commonwealth Games (2002, 2006).
- Rugby World Cups (1999, 2003 & 2011).
- Over 100 Formula One Grand Prix including the inaugural Chinese Grand Prix.
- The Motorsport Association.
- The Football Association.
- Cricket Australia 2006/7 for the Ashes series
- Wimbledon (tennis).
- British Open (golf).
- Ryder Cup (golf).
There is no substitute for experience. The members of our team are the leading practitioners in this highly specialized and demanding class of business. The intellectual capital we have acquired presents our clients with an invaluable resource. Specifically, the JLT team can benchmark key coverage requirements, program design and limits of liability. Furthermore, our deep repository of knowledge and solid market relationships will enable us to design tailored solutions that will meet our clients in this sector's unique risk profile. JLT is armed with individuals that are recognised as market leaders and who have genuine experience in providing Major Events insurance brokerage and risk management services.
In the immediate aftermath of the 9th September 2001 terrorist attack on the World Trade Centre, several difficult Cancellation policies were placed in extremely volatile market conditions by the JLT team such as:
- Rugby World Cup 2003.
- Commonwealth Games 2002.
- A number of annual sporting events and more complex risks such as military air shows.
The JLT team is renowned for its negotiation ability with insurers. That said, the insurance business is pre-dictated on building and maintaining strong relationships. Our success will largely depend on first, our relationship with our clients and second, our relationship with the insurers participating on the program. In summary, our technical reputation and superior standing in the market gives us credibility. However, what gives us better leverage in the market than any of our competitors is based on our non-adversarial style of handling relationships, our ability to partner with key insurers and our transparent method of transacting business.
In addition to the strength of JLT’s market relationships, our team boasts the only individuals who have experienced and successfully settled a claim for a major sporting event in the last five years. In particular, a substantial claim arose when the 2001 Ryder Cup golf match between Europe and the USA was postponed to 2002 following the events of 9/11. The claim followed a decision by golfers in the USA not to travel to England to play the Ryder Cup match so soon after the catastrophe. Another example of a large claim related to USA’s decision to boycott the Moscow Olympics in 1980. |
