In September this year, from seemingly out of the blue, it was announced that Marsh had agreed to buy Jardine Matheson’s shares in JLT. This will end JLT’s days as an independent company.
There can be no clearer example that the consolidation that is currently occurring in the insurance broking industry is impacting all from the largest to the smallest broker.
To secure JLT Marsh had to pay a significant premium to the market price. At £4.6bn the consideration is equivalent to the aggregate
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