Marsh McLennan

MMC CEO Glaser says the completion marks the start of a new era.

The $6.5bn takeover will close on Monday.

The London market broker is the first major producer to walk out for a rival.

Anthony Gruppo will take leadership of the retail broker in May, with incumbent Phil Barton exiting immediately to pursue other opportunities.

Edwin Charnaud will become Emea M&A solutions chairman.

In a blog former commercial director James Twining claims the “train wreck” deal will splinter JLT's European network and its London wholesale and specialty operations.

Flandro said this new world will see ILS continuing to expand into new perils.

The approval follows a concession for the merger partners to sell the JLT Aerospace business to AJG.

StarStone leads the hydroelectric claim, which follows last year's Ituango Dam disaster.

The partners' $6.5bn transaction is expected to close in the spring.

The transaction will help quash concerns in the aviation market over the MMC-JLT merger.

P&C deal value more than quadrupled year on year to $34.1bn in 2018.