Latest March JLT Headlines
All the headlines from our March JLT Topic Page, ordered by recency.
MMC Acquisition of JLT on Track to Close in Spring
Jan 31 2019 // Marsh & McLennan Cos.’ $5.6 billion acquisition of Jardine Lloyd Thompson Group is on track to close this spring. MMC CEO Dan Glaser, who described the deal as one of “strength on strength,” told...
People
Jan 21 2019 // John Doyle, president and CEO of global insurance broker Marsh, announced the appointments of key leaders for regional, specialty and placement teams worldwide that will be effective upon closing of the acquisition by...
Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments
Jan 17 2019 // Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of...
Reinsurance Prices Drop – Despite 2018’s Big Natural Catastrophe Losses: JLT Re
Jan 2 2019 // JLT Re’s global property-catastrophe reinsurance index fell 1.2 percent in Jan. 1 policy renewals, the broker said on Wednesday, dashing the industry’s hopes of higher reinsurance premiums after a second...
Post-Merger, Marsh-JLT Specialty Leaders Announced for UK & Ireland
Dec 20 2018 // Global insurance broker Marsh announced the appointments of specialty leaders for the UK & Ireland. These appointments will be effective upon closing of the transaction between Marsh’s parent company, Marsh &...
Marsh Makes Post-JLT Merger Leadership Appointments
Dec 19 2018 // Global insurance broker Marsh announced the appointments of key leaders for its regional, specialty and placement teams worldwide that will be effective upon closing of the pending acquisition by Marsh’s parent...
JLT Re Partners with Insurtech for Auto Insurance MGA Pact
Dec 17 2018 // Reinsurance broker JLT Re North America is partnering with Pact Insurance, a personal auto insurtech company, to develop digital insurance products for mobility risks. Pact is a managing general agency headquartered in San...
JLT Re’s Chairman Howard Named Vice Chairman of Guy Carpenter
Nov 21 2018 // 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 Re Acquires JLT March Re in Spain, Launches JLT Re Iberia
Nov 13 2018 // JLT Re, the global reinsurance broker and consultant, announced the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca...
Marsh Forms Specialty Business, ‘Marsh-JLT Specialty;’ Names Executive Team
Nov 13 2018 // Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the...
Marsh & McLennan’s $5.6B Acquisition of Broker JLT Gets Shareholder Nod
Nov 7 2018 // 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...
MMC Reports 5% Growth for Q3; Marsh Revenues Up 10%
Oct 25 2018 // Global insurance, risk and consulting firm Marsh & McLennan Companies (MMC) reported consolidated revenue in the third quarter of 2018 was $3.5 billion, an increase of 5 percent compared with the third quarter of...
To Insure Cyber or Not to Insure Cyber: Cautions and Caveats for Carriers
Oct 22 2018 // While there are some issues with the data, virtually every report shows the cyber insurance market growing. Aon Benfield had it growing 37 percent last year to $1.8 billion. It’s profitable and the loss ratio is in...
Marsh McLennan Acquisition of JLT Clears Key U.S. Antitrust Hurdle
Oct 15 2018 // 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...
Starr’s Ameruoso Joins JLT Re Construction Casualty Division, Facultative
Oct 15 2018 // JLT Fac, a division of reinsurance broker JLT Re North America, has appointed Joe Ameruoso as head of North America Construction Casualty, Facultative. Ameruoso joins from Starr Insurance Cos. where he was for more than...
AFL Insurance Brokers Appoints Moretti from JLT as Director of Casualty
Oct 5 2018 // Independent Lloyd’s broker AFL Insurance Brokers Ltd. (AFL) has appointed of Julia Moretti as director – casualty, effective September 2018. Moretti joins the AFL team from JLT Reinsurance Brokers Ltd., where she...
People
Oct 1 2018 // San Francisco, Calif.-based Paladin Cyber has named Josh Riley head of insurance. He will lead efforts to develop solutions that combine risk management services with risk transfer to help clients manage complex...
Business Moves
Oct 1 2018 // Marsh & McLennan, JLT Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about $5.7 billion to expand its global offering of reinsurance and consulting services. New York-based Marsh said the purchase...
Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion
Sep 19 2018 // 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]*...
Marsh & McLennan Moved Quickly as Stars and People Aligned in JLT Deal
Sep 18 2018 // 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...
