Marsh & McLennan buys JLT in $5.6bn deal


Marsh & McLennan Companies (MMC) has agreed to buy Jardine Lloyd Thompson Group (JLT) for $5.6bn (£4.3bn) in cash.

The deal will be funded by MMC’s existing cash and debt financing.

The takeover has been approved by the board of directors for both businesses.

MMC confirmed that the acquisition will go through a scheme of arrangement in the UK courts and is expected to close in spring 2019.

It will need regulatory and shareholder approval however the holders of some 40.5% of JLT’s equity have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: