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.”
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
