PriceSensitive

JLG awarded repair contract deal with QBE

The Market Herald
ASX:JLG      MCAP $1.027B
14 April 2019 23:55 (AEDT)
Photo of the QBE building.

Source: QBE

Leading insurance group QBE Australia has signed a three-year contract with Johns Lyng Group for repairs and restorations throughout Australia.

This contract has the option to be extended for two years once expired and will focus on commercial and domestic properties in New South Wales, Queensland, Victoria, and the Northern Territory.

This is the fourth contract which JLG has signed in the past six months with other notable signings including Allianz, RACV, Nike, and Suncorp.

CEO Scott Didier says this partnership will cement JLG as Australia’s leading insurance building provider.

“This acknowledgment is a great reflection of the relationships and reputation we’ve built in the industry and this contract will form a key plank of our ongoing geographic expansion and overall growth strategy,” he said.

Please find announcement attached here: Announcement HTML: https://hotcopper.com.au/data/pricesensitive/announcements/ASX/3A514724_JLG.html

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