JLT’s performance this year has met expectations despite declining insurance and reinsurance pricing and the rising value of the UK currency, according to a trading update.

“Our strategy of deepening our specialist capabilities and broadening our geographic reach gives us confidence in our ability to deliver year-on-year financial progress,” CEO Dominic Burke told the annual general meeting.

JLT says the risk and insurance business is achieving “satisfactory organic revenue growth”, while the integration of Towers Re, purchased last year, is progressing well.

The employee benefits business has made good progress, particularly in emerging markets, where demand is strong for the life insurance and healthcare consultancy and brokerage services.

JLT says it has a strong pipeline of activity and opportunities in its UK employee benefits business.