JLT to sell U.S. retail brokerage business; Alliant Insurance Services to acquire unit in $100 million deal.(News)(Jardine Lloyd Thompson Group P.L.C.)

Business Insurance, September, 2006 by Roberts, Sally

Byline: SALLY ROBERTS and SARAH VEYSEY U.K. broker Jardine Lloyd Thompson Group P.L.C. has agreed to sell its U.S. property/casualty and employee benefits retail brokerage business to Alliant Insurance Services Inc. in a $100 million deal announced last week. The acquisition, which is expected to close next month, will expand Alliant's operations in the United States, adding six offices, approximately 240 employees and roughly $60 million in revenue, the broker said.

London-based JLT said the sale stems from an operational review, launched earlier this year, designed to identify the broker's strongest business areas. Houston-based JLT USA specializes in employee benefits, energy and marine, and health care and has offices in Waterbury, Conn.; Atlanta;...

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