JLT Re’s Chairman Howard Named Vice Chairman of Guy Carpenter

Article 0 Comments Guy Carpenter & Co., the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos. (MMC), announced a new leadership appointment from Jardine Lloyd Thompson Group plc (JLT). Effective upon closing of the transaction between MMC and JLT, which remains subject to […]

Marsh & McLennan’s $5.6B Acquisition of Broker JLT Gets Shareholder Nod

Article 0 Comments Marsh & McLennan Cos. Inc. announced that its £4.3 billion ($5.6 billion) acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT’s shareholders. Of those shares voted, 99.9 percent voted in favor of the transaction, said MMC in a statement. “Today’s vote is an […]

Marsh McLennan Acquisition of JLT Clears Key U.S. Antitrust Hurdle

Article 0 Comments The Federal Trade Commission (FTC) and Justice Department have concluded their competitive review of the proposed acquisition of London-based re/insurance broker Jardine Lloyd Thompson Group (JLT) by New York-headquartered Marsh & McLennan Companies (MMC) and granted permission for the transaction to proceed. On Oct. 10, the FTC […]

Lloyd’s Returns to Pre-Tax Profits, Reporting £600M ($793.1M) During 1st Half

Article 0 Comments Lloyd’s reported a return to profits during the first half, in a welcome recovery after its big losses of 2017. Pre-tax profits during the half were £600 million ($793.1 million), compared to £1.2 billion ($1.6 billion) in the first six months of 2017. Lloyd’s blamed the drop […]

Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion

Article 0 Comments Too much capital and not enough growth. Faced with this ailment, the insurance sector is reaching for a costly remedy — M&A. Marsh & McLennan Cos. Inc. Tuesday became the latest [insurance industry participant]* to splash the cash, agreeing to pay 4.3 billion pounds ($5.6 billion) for […]

Marsh & McLennan Moved Quickly as Stars and People Aligned in JLT Deal

Article 0 Comments Marsh & McLennan Inc. (MMC) has been preparing for a major acquisition and admiring its competitor Jardine Lloyd Thompson (JLT) for years. So right after the CEOs of the two firms met on Sept. 7 and he sensed an opening, MMC CEO Dan Glaser acted quickly and […]