Jardine Lloyd Thompson Group (JLT) says it remains on target to achieve its financial objectives for the year after third-quarter trading fell in line with expectations.

In a statutory interim management statement without figures, the London-based international brokerage reports insurance market conditions continue to be competitive in most classes of business, with no consistent evidence of rates hardening. 

However, JLT says its risk and insurance operations continue to trade strongly overall and achieve “encouraging levels” of organic growth.

“The performance of our London market businesses has been particularly robust [and] our retail insurance broking businesses around the world have reflected the different speed of economic recovery in the different countries and regions in which they operate,” the company said.