Jardine Lloyd Thompson (JLT) News

Gallagher Finalizes Acquisition of JLT’s Global Aerospace Operations

Arthur J. Gallagher, the Rolling Meadows, Ill.-based insurance broker, confirmed the previously announced acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations was completed on June 1, 2019. The addition of JLT’s global aerospace retail and wholesale insurance …

Marsh, Jardine Lloyd Thompson Agree to Sell JLT’s Aerospace Unit to Gallagher

Marsh & McLennan Cos. (MMC) and Jardine Lloyd Thompson (JLT) have entered into an agreement to sell JLT’s aerospace business to Arthur J. Gallagher. The agreement provides for the acquisition of all assets within JLT’s global aerospace retail and wholesale …

JLT Re’s Chairman Howard Named Vice Chairman of Guy Carpenter

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). Effective upon closing of the transaction between …

Marsh Forms Specialty Business, ‘Marsh-JLT Specialty;’ Names Executive Team

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 purchase of JLT by Marsh’s parent …

Marsh & McLennan’s $5.6B Acquisition of Broker JLT Gets Shareholder Nod

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 in favor of the transaction, said MMC …

Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion

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]* to splash the cash, agreeing to …

Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism

The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers say. The insured value …

JLT Acquires U.S. Trade Credit and Political Risk Broker IRC

Global broker Jardine Lloyd Thompson Group (JLT) has acquired International Risk Consultants (IRC), a U.S. broker specializing in specialist trade credit and political risk insurance. Based in Columbus, Ohio, and operating across U.S., Brazil, China and Hong Kong, IRC provides …

UK Regulator to Probe Wholesale Insurance Broking Market

Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has complained of “abusive behavior.” The Financial Conduct Authority said on Monday it would …

Growing List of Re/Insurers Make Decisions on Post-Brexit EU Headquarters

Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become a non-life insurer, joining a growing list of insurers setting up regulated EU operations in case Britain does not have …