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.
Was this article valuable?
Here are more articles you may enjoy.
Four in New Jersey Face Charges in Alleged $250K Travel Insurance Scam 
’60 Minutes’ Homeowners Ask Court to Force DFS to Divulge Heritage Probe Info 
CRC Group Signs Agreement to Acquire Euclid Transactional 
Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case 
