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16 October 2018Insurance

Marsh gets US antitrust approval for JLT acquisition

US-based Marsh & McLennan Companies (MMC) has received the approval of the Federal Trade Commission to acquire UK-based Jardine Lloyd Thompson Group (JLT).

This concludes the competition review of both the FTC and Department of Justice and satisfies an important condition to the closing of the acquisition, according to a corporate statement. The acquisition remains subject to additional required antitrust and regulatory approvals as well as the approval of JLT shareholders.

MMC is acquiring re/insurance broker JLT for $6.4 billion.

A general meeting of JLT shareholders will be held on Nov. 7, 2018 in London for the purpose of obtaining shareholder approval of the deal.

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More on this story

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1 March 2019   Krupa Global Investments (KGI), a Prague-based investment firm and formerly a significant shareholder of AmTrust Financial Services, has filed a complaint against Stone Point Capital and AmTrust before the European Commission Directorate-General for Competition.
Insurance
8 October 2018   Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT.
Insurance
18 September 2018   Marsh & McLennan Companies (MMC) is acquiring re/insurance broker Jardine Lloyd Thompson Group (JLT) for $6.4 billion.