United Kingdom

Jardine Matheson Holdings Ltd (JARD.SI)

JARD.SI on Stock Exchange of Singapore

10 Dec 2018
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$-0.82 (-1.25%)
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Marsh & McLennan to pay £4.3 billion for British insurance broker JLT

Marsh & McLennan Cos Inc has agreed to buy British rival Jardine Lloyd Thompson for $5.7 billion (4.3 billion pounds) as the world's biggest insurance broker looks to expand its global presence and increase its focus on faster-growing niche insurance areas.

UPDATE 4-Marsh & McLennan to pay $5.7 bln for British insurance broker JLT

* Latest deal in a consolidating insurance industry (Adds details, updates shares, background)

Marsh & McLennan to buy UK broker JLT for $5.7 billion

Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) as the U.S. financial services group looks to boost its speciality risk broking and global reinsurance business.

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