New FD for Jardine Lloyd Thomson

The finance director of the insurance and employee benefits group Jardine Lloyd Thomson is to move on having helped the firm navigate fierce Eurozone headwinds.

Simon Mawson is stepping down from the role to be replaced at the end of the year by Mike Reynolds, currently Chief Finance Officer of insurance firm ACE European Group.

The company also announced James Twining, currently responsible for Group Strategy, is to join the board of JLT as Group Commercial Director.

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Chairman Geoffrey Howe, said Reynolds' experience in senior finance roles in the insurance sector made him an excellent addition to the team.

"James Twining has made a powerful impact on our strategic planning since he joined the company in 2011 and he will be an invaluable member of the board," he added.

Howe praised Mawson, the outgoing FD, for "his contribution to JLT during a period of continued turbulence in the financial markets and the general economic environment".

At the end of July the company reported in the six months to the end of June underlying profit before tax had increased by 12% on the prior year to £89.4m.

Total revenues came in at £441.7m, an 8% increase on 2011 at constant rates of exchange.