JLT REINSURANCE BROKERS LIMITED
Company Information
- Company Number
- 05523613
- Registered Address
- 1 Tower Place West, Tower Place, London, United Kingdom, EC3R 5BU
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://jltgroup.com
- Company Type
- Private limited Company
- Incorporated On
- 1 August 2005
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 11 | 97% | 3% | 0% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 20 | 83% | 15% | 2% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 16 | 94% | 3% | 3% | 44% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company’s standard payment term for payment of invoices is 30 days, although this can vary if a different payment term is agreed with a 3rd party.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
The company uses supplier terms as well as our own to define any dispute resolution process so consequently they may differ from contract to contract. The process may involve a number of levels of peer to peer escalation starting with business and relationship managers through to commercial and contract managers and finally senior management executives depending on how quickly resolution is achieved. If disputes cannot be resolved internally then both parties may need to utilise the services of a third party arbitrator. The key to resolving disputes should be that they are raised in a timely manner and if not resolved within the agreed timeframe are escalated to the next level with the view of resolving any disputes quickly and settling invoices as soon as possible.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
JLT Reinsurance Brokers Limited is a leading global reinsurance broker, providing risk management and insurance solutions to clients around the world. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote responsible business practices.
The company offers a wide range of products and services, including risk assessment, risk transfer, and risk financing solutions. These services help clients manage their risks and protect their assets in the face of potential disasters.
JLT Reinsurance Brokers Limited is led by a team of experienced professionals, including CEO Dominic Burke and Chairman Mark Drummond Brady. They are supported by a dedicated team of experts who work closely with clients to understand their unique needs and provide tailored solutions.
The company's sustainability program includes efforts to reduce paper usage, promote energy efficiency, and support local communities through various charitable initiatives. They have also implemented a responsible procurement policy, which ensures that their suppliers and partners adhere to ethical and sustainable practices.
JLT Reinsurance Brokers Limited is part of the Jardine Lloyd Thompson Group, a leading global insurance and reinsurance broker. The company's registered office is located in London, UK, and their website address is www.jltre.com. They can also be reached through their contact number +44 (0)20 7528 4000.
