JLT Group to acquire Towers Watson's reinsurance brokerage business
Jardine Lloyd Thompson Group is to acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250m (£156m).
Upon completion, Towers Watson's reinsurance brokerage business will be merged with JLT's reinsurance business, JLT Re with combined revenues of $266m and 700 people in 35 locations in 17 countries.
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