JLT chief hails the City's success

Forget bashing bankers – we should be heralding the success of London's insurance industry, the boss of Jardine Lloyd Thompson has said.

Dominic Burke said the City continued to attract insurers from all over the world despite the UK's economic problems.

With just about every underwriter and broker based near Lloyd's of London, he said "we mustn't forget to be proud of the London insurance market, which continues to be a world beater".

JLT, an insurance broker, reported a 17 per cent rise in pre-tax profits to £156.8m in 2012.