Marsh McLennan
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MMC to become largest reinsurance broker and London market powerhouse. -
A pro forma analysis shows the combination of Guy Carpenter and JLT Re creates a reinsurance broker with 2017 revenue of about $1.5bn.
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You have to go back 10 years to Greg Case’s decisive outmanoeuvring of MMC to buy Benfield to witness something as rapid.
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The target's CEO says his bidder has agreed to do what it takes to get the takeover past competition regulators.
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JLT shares rise to within a hair's breadth of the bid value following news of the Dan Glaser-led deal.
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Analysts welcomed the acquisition as a good strategic fit for MMC
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Reutter replaces Scott Rasor, who retired from Zurich North America in June.
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This publication's annual survey includes over 200 named executives across 36 publicly listed P&C (re)insurers.
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The Swiss Re CEO refutes the suggestion that financial-sector newcomers can deploy capital more efficiently than traditional reinsurers.
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JLT and Miller have won new roles on the placement, which will use the marine blockchain platform.
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Limited loss development from HIM hurricanes has dampened rate hikes, the broker said.
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Aon corporate solutions director Vijay Mavani will start at JLT in 2019 as a partner in capital solutions.
