MMC

ILS’ march into primary markets continues with Victor move

Further evidence of the expansion of alternative capital deep into the primary commercial markets was provided today with the appointment of a global head of capital markets to MMC’s MGA arm.

US antitrust approval granted for MMC’s acquisition of JLT

The US Federal Trade Commission (FTC) has granted US antitrust approval for Marsh & McLennan Companies’ $5.6bn takeover of JLT.

JLT chairman urges shareholders to approve MMC acquisition

The chairman of JLT chairman Geoffrey Howe has urged shareholders to approve the $5.6bn takeover by Marsh & McLennan Companies - parent company of Marsh and Guy Carpenter.

Marsh appoints ex-AIG exec Tom Colraine to board

Marsh has appointed Tom Colraine as a non-executive independent member to its board of directors.

3750 jobs face the axe from MMC-JLT merger

Almost 3,750 jobs are on the line as a result of MMC’s shock $5.6bn takeover over London-listed rival JLT.

MMC’s acquisition of JLT is about one word – growth: Glaser

The $5.6bn acquisition of JLT by MMC is all about driving growth for the buyer, according to Dan Glaser, president and chief executive of MMC.

MMC (re)insurance business to be 40 percent bigger than rival Aon

MMC’s $5.6bn acquisition of Jardine Lloyd Thompson Group (JLT) will cement the group’s position as the industry’s largest global broker based on (re)insurance revenues and will also create a 40 percent top line differential based on 2017 results.

Guy Carp-JLT Re set to become largest reinsurance broker…just

The combined revenue of the broking titan formed by MMC’s $5.6bn purchase of JLT Group will enable the combined reinsurance units to leapfrog Aon’s reinsurance arm to become the industry’s largest reinsurance broker based on 2017 revenues.

JLT’s shares leap 31 percent on largest-ever broker M&A deal

Shares in London-listed broking group JLT have soared 31 percent in early trading today in response to its shock $5.6bn takeover by US rival MMC, the largest ever acquisition of an insurance intermediary.

‘The cycle isn’t dead, it’s resting’: JLT Re’s Flandro

The reinsurance market hasn’t seen the end of the cyclical market, JLT Re’s global head of analytics David Flandro has said.

Florence bears down on the Carolinas as Cat 4 hurricane

Hurricane Florence continues to strengthen and an ”historic” landfall in the Carolinas, where State Farm dominates the homeowners market.

Aon heads 2017 reinsurance broker league table

Aon’s reinsurance arm remains the largest reinsurance intermediary by some distance in a survey conducted by re-Insurance that uses a combination of publicly available information and market intelligence.

JLT Re taps Aon for Capital Solutions director

JLT Re has taken Aon Benfield’s corporate solutions director Vijay Mavani as the broker looks to expand its Global Capital Solutions business.

JLT takes Marsh’s aviation high-flyer Fine

JLT Specialty has made yet another significant addition to its growing aerospace team with Marsh big-hitter Bruce Fine, re-Insurance.com can reveal.

JLT Specialty appoints European head of risk consulting

JLT Specialty has appointed Nigel Somerville as head of risk consulting for Europe.

Marsh’s $55mn restructuring costs eat into Q2 profits

Marsh & McLennan Companies has unveiled a $55mn bill for “restructuring” costs in its second quarter results, after making swathes of people redundant in an efficiency drive, first revealed by this publication in March.

JLT’s organic revenues grow 4% as 'transformation' costs dent profits

Broker JLT reported organic revenue growth of 4 percent in the first six months of the year, while the cost of a £45mn “global transformation programme” ate into profits for the period.

JLT Re swoops on Guy Carp for North America head of credit and surety

JLT Re has appointed Scott MacColl as head of credit and surety for North America.

JLT Re questions credibility of risk modellers

JLT Re has reiterated its scepticism of risk modelling firms and questioned the reliability of modelling tools in the wake of natural catastrophes.

Marine insurance market ‘split’ and ‘confused’: JLT

Efforts by Lloyd’s to talk up marine rates in the London market is driving a wedge between syndicates in One Lime Street and their international competitors, according to JLT.

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