Marsh & McLennan acquires JLT
Marsh & McLennan (MMC) is to buy UK insurance and reinsurance broker Jardine Lloyd Thompson (JLT) for 4.3 billion GBP (4.8 billion USD).
This acquisition consolidates the leading position of the American broker in the face of its main competitor the British Aon, especially in Asia and Latin America where JLT is well-established.
According to Dominic Burke, CEO of JLT and future Vice Chairman of MMC, this transaction will drive up the future turnover of the combined company to 17 billion USD a year.
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