April 21 Insurance broker Jardine Lloyd Thompson
(JLT) said on Friday it is under investigation by
Britain's financial watchdog as part of a wider probe in to the
aviation insurance sector.
The Insurance Insider reported late on Thursday that the
Financial Conduct Authority (FCA) was investigating five
aviation insurance brokers in London over the misuse of
confidential client information.
The FCA declined to comment when contacted by Reuters. JLT
did not give any details about the investigation in its brief
statement on Friday.
"We are unable to comment on the ongoing investigation
beyond saying that JLT takes all regulatory matters very
seriously and has a constructive relationship with all the
regulators that it works with," the company said.
"The company is participating in this investigation and
confirms that JLT Speciality is providing all appropriate
assistance to the FCA."
(Reporting by Esha Vaish in Bengaluru and Carolyn Cohn in
London; Editing by Rachel Armstrong)