JLT claims Bermudian market leadership with buy

Jardine Lloyd Thompson (JLT) says it expects to place over $400m of premium in the Bermudian market ...

Jardine Lloyd Thompson (JLT) says it expects to place over $400m of premium in the Bermudian market each year after completing the acquisition of insurer Park. This will now be combined with JLT's Bermuda broking operation and trade as JLT Park.

The deal sees the issued share capital of Park acquired by JLT Risk Solutions for a minimum cash consideration of $11.8m - with $8.85m as an initial payment and the rest based on future performance.

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