Marsh has been the talk of the town this week as it acquired the shares in broker JLT, shoring up its position as the largest broker by revenue in the world.
Marsh expects to save around $250m in “cost synergies” from the acquisition of JLT, with up to 3750 jobs at risk.
Marsh’s $5.6bn (£4.2bn) acquisition of JLT could spell opportunity for private equity-backed brokers, analysts believe.
Marsh & Mclennan will buy Jardine Lloyd Thompson for $5.6bn (£4.2bn) in a move that will shore up the company’s position as the largest broker in the world.
Farming is the most lethal of all industries. The sector and its main insurer are trying to change rules and mentalities to make it safer
When you head off to an outdoor festival following a heatwave, you cross your fingers and hope the sun sticks around. Unfortunately it seems like the recent tropical spate has done a runner and I spent last weekend trying not to roll down a hill while up…
The pressure on insurers to deny coal projects any form of cover may actually increase pollution, warns Hamish Roberts, head of JLT Specialty’s London-based power business.
The Supreme Court ruling in Pimlico Plumbers, granting employment rights to a gig worker, might lead to an increase or a shift in liability claims. But it also opens up a door for new products as gig economy platforms will want to cover their new…
As insurance tries to attract talent and adapt to emerging risks, the London market is increasingly turning towards the military for new recruits
The London Market Group has named JLT Speciality operation director Clare Lebecq as CEO.
Insurance has come under fire for the way it prices policies. Jonathan Davidson, director of retail at the Financial Conduct Authority, discusses the problem with Martin Croucher
Two years ago, when I told my friends that I got a job as an insurance journalist, they were baffled. They still are.
JLT has said that carrying more bolt-on acquisition in the European Union is ‘entirely possible’ and that it is executing business operations in preparation for a no deal Brexit scenario.
As professional sportspeople complain about their insufficient cover for career-ending injuries, insurers fear a surge in claims from contact sports
With supply chains entwined through businesses like ivy, disruption risks are climbing. Under-utilised policy wordings and little-known specialist covers haven’t weeded them out
Rate increases remain inconsistent with rises largely limited to loss effective lines of business, according to Jardine Lloyd Thompson.
Warranty and indemnity insurance has seen significant growth in the real estate sector over the last few years. And, with the cover offering significant advantages to those involved in real estate deals, many expect it to become a standard part of any…
JLT is open to targeting bolt-on acquisitions in Europe following the group’s strong 2017 results.
Premier League football clubs have paid out more than £134.2m in wages to injured players so far this season, according to JLT Specialty.
JLT Specialty has bolstered its cyber practice in continental Europe with the appointment of former Aon cyber lead Sjaak Schouteren.
Some of the movers and shakers in the market this month
It was oddly coincidental that it was Blue Monday, the most depressing day of the year, when Carillion collapsed – placing 20,000 jobs at risk.
Risk managers need to speak the same language as chief financial officers to demonstrate the value of insurance, explains Adrian Donald, partner at JLT Specialty.
JLT has appointed Lucy Clarke as CEO of its worldwide broking arm, as part of a restructure of the business.