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Marsh & McLennan Companies, Inc., also called Marsh & McLennan, is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. Read More The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services. The Company conducts business in this segment through Marsh and Guy Carpenter. The Consulting segment includes health, wealth & career services & products, specialized management, economic and brand consulting services. The firm conducts business in this segment through Mercer and Oliver Wyman Group. Marsh & McLennan Cos was founded by Henry W. Marsh and Donald R. McLennan in 1871 and is headquartered in New York, NY.
New York, New York
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CORRECTED-EU mergers and takeovers (March 25)
(Corrects description of doBank to Italian bank from Spanish bank) BRUSSELS, March 25 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — Insurer Marsh & McLennan Companies to acquire British peer Jardine Lloyd Thompson Group (approved March 22) NEW LISTINGS — International power plant supplier Ansaldo Energia and Russia’s REP Holding to create REPH Ansaldo Gas Turbine joint venture (notified March 22/dead...
Marsh & McLennan Cos. Clears Final Regulatory Hurdle to Buy Jardine Lloyd Thompson
Marsh & McLennan Cos. (MMC) announced on Friday, March 22 that the European Commission has approved its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc. All regulatory and competition authority approvals required to close the transaction have now been satisfied, said MMC. The deal was first announced in September 2018. A hearing at the UK High Court has been set for March 29, 2019. Subject to the court’s approval, the transaction is expected to close on April 1, MMC affirmed. Related:...
Insurance Business Magazine6h
MMC-JLT takeover takes vital step forward
Remember when it was revealed earlier this month that the global aerospace operations of Jardine Lloyd Thompson Group Plc (JLT) will be sold to Arthur J. Gallagher & Co. (AJG)? The deal came to life to address competition concerns raised by the European Commission, which has now approved Marsh & McLennan Companies’ (MMC) swoop for JLT under the EU Merger Regulation.
Expected Apr 25, Pre-Market