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Marsh & McLennan Companies Inc (MMC.N)

MMC.N on New York Stock Exchange

85.94USD
21 Sep 2018
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$0.87 (+1.02%)
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Tue, Sep 18 2018

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.

Marsh & McLennan buys UK broker JLT for $5.7 bln

Sept 18 U.S. financial services group Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson in an all-cash deal that values the UK insurance and reinsurance broker at about 4.3 billion pounds ($5.7 billion), the companies said on Tuesday.

REFILE-BRIEF-Marsh & McLennan Q1 GAAP Earnings Per Share $1.34

* MARSH & MCLENNAN COMPANIES REPORTS FIRST QUARTER 2018 RESULTS

MOVES- Cushman & Wakefield, Marsh, Macquarie Capital

April 13 The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.

BRIEF-UK businesses of Marsh have mean gender pay gap of 42.5 pct

* INSURANCE FIRM MARSH SERVICES LTD SAYS HAS MEAN GENDER PAY GAP OF 42.5 PERCENT, MEAN BONUS GAP OF 60.2 PERCENT Further company coverage: (Reporting By Carolyn Cohn)

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