Marsh & McLennan Cos. Inc. has completed its $ 5.6 billion acquisition of Jardine Lloyd Thompson Group PLC.
a statement. “This is a combination of strength and strength, and the primary focus is growth – in talent, capabilities, revenue and earnings.”
JLT had agreed to sell its aerospace practice to Arthur J. Gallagher & Co. last month to address and potential overlap and smooth the path for the acquisition.
Marsh LLC and JLT will combine specialty units now that the acquisition is complete.
The acquisition announced in 2018 was yet another reminder that merger and acquisition activity is likely to persist in the industry, but raised important questions about what insurer and broker consolidations mean for risk managers, offer new products and services, and the potential pricing impact, insurers and brokers say.