Marsh & McLennan Companies, Inc. and Jardine Lloyd Thompson Group plc on Monday confirmed that, on October 10, the Federal Trade Commission (FTC) granted an early termination of the waiting period under the Hart-Scott-Rodino Act with respect to MMC’s previously announced acquisition of JLT (the “Acquisition”). Termination of the HSR waiting period effectively concludes the… Continue reading U.S. Antitrust Approval Granted for Marsh & McLennan’s Acquisition of Jardine Lloyd Thompson Group plc
Tag: M&As
Activists Kick Up a New Storm for Reinsurers
On top of tropical storms and disruptive new sources of capital, reinsurers face a fresh threat: activist investors. RenaissanceRe, a specialist Bermuda-based, New York-listed reinsurer, is being urged to sell itself by TimesSquare Capital Management, a longstanding shareholder that has decided to go activist. French reinsurer Scor is also facing demands from practiced activist CIAM… Continue reading Activists Kick Up a New Storm for Reinsurers
Marsh to Acquire Jardine Lloyd Thompson Group Plc for $5.6B
Marsh & McLennan Companies, Inc., a global professional services firm offering clients advice and solutions in risk, strategy and people, today announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group plc, a leading provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services. The transaction has been approved… Continue reading Marsh to Acquire Jardine Lloyd Thompson Group Plc for $5.6B
Liberty Mutual Launches M&A Insurance Solutions Unit
Liberty Mutual’s Global Risk Solutions strategic business unit has centralized its vast mergers & acquisitions (M&A) insurance solutions expertise into its newly formed Global Transaction Solutions group (GTS). The creation of GTS will enable Liberty Mutual to provide innovative solutions in the rapidly emerging global transactional risk insurance solutions market by making it easier for… Continue reading Liberty Mutual Launches M&A Insurance Solutions Unit
French Reinsurer Scor Rejects Takeover Offer by Covea
Privately-held insurance company Covea announced on Tuesday that reinsurer Scor had rejected an acquisition offer but said it still remained interested in a friendly tie-up. Covea, which already owns an 8.2% stake in Scor, said in a statement that it had withdrawn its offer to pay €43 ($49.85) per Scor share, which valued the company… Continue reading French Reinsurer Scor Rejects Takeover Offer by Covea