Jardine Lloyd Buys Benefit Consultant

November 16, 2000

One of the U.K.’s leading insurance brokers, Jardine Lloyd Thompson Plc (JLT), announced that it has acquired Abbey National Benefit Consultants Ltd. for $22.5 million ($32.4 million) in cash.

Reuters News Agency quoted JLT CEO John Hastings Bass as saying, “In accordance with our strategy of aggressively developing our outsourcing business, this acquisition gives us a major position in the UK pension administration market.”

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