Jardine Lloyd Thompson Group plc, the U.K.’s largest broker, has issued a brief statement confirming that it is in discussions with the Heath Lambert Group concerning a possible offer.
JLT said the “discussions are at an early stage and may or may not lead to a transaction. The transaction, if effected, would not require an equity capital raising. A further statement will be made as and when appropriate.”
Press reports have indicated that London-based Heath Lambert could be worth around £130 million ($240 million). The broker operates in the Lloyd’s market, in the U.K. general market and internationally on both a retail and wholesale basis. It is a founding partner of HLA Global, the world’s largest independent insurance brokerage network.
Small Health Insurers Assuming Big Role In Many States Under Obamacare
11 U.S. Weather Disasters in 2012 Cost More Than $1 Billion Each
Encompass Looks to PGA Sponsorship to Improve Brand
Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers
The Hartford Ordered to Pay $20M to Auto Body Shops
Broker Awarded $ 3.8M Verdict in Reputation Suit
Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion
Fracking Companies Silence Water Complaints With Sealed Settlements
Sign up to receive insurance news alerts!
