Jardine Lloyd Thompson Group plc, the U.K.’s largest broker, has issued a brief statement confirming that it is in discussions with the Heath Lambert Group concerning a possible offer.
JLT said the “discussions are at an early stage and may or may not lead to a transaction. The transaction, if effected, would not require an equity capital raising. A further statement will be made as and when appropriate.”
Press reports have indicated that London-based Heath Lambert could be worth around £130 million ($240 million). The broker operates in the Lloyd’s market, in the U.K. general market and internationally on both a retail and wholesale basis. It is a founding partner of HLA Global, the world’s largest independent insurance brokerage network.
Was this article valuable?
Here are more articles you may enjoy.
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual 
Florida Jury Awards Jack Nicklaus $50M in Defamation Suit vs. His Former Company 
Progressive Records $2.6B in Q3 Income After Refunds for Excess Profits in Florida 
