Jardine Lloyd Thompson to acquire Towers Watson reinsurance brokerage unit Jardine Lloyd Thompson Group plc and Towers Watson announced that JLT will acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250M Upon completion, Towers Watson's reinsurance brokerage business will be merged with JLT's reinsurance business, JLT Re. As part of the transaction, JLT Re and Towers Watson have entered into an Alliance Agreement that will ensure clients have continued access to Towers Watson's risk consulting and software services. This Agreement will also provide JLT Towers Re with continued use of Towers Watson's proprietary actuarial models and software. The acquisition is subject to regulatory approvals and is expected to complete before the year end.
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