US broker Marsh & McLennan will sell the aerospace insurance business of Jardine Lloyd plc ( JLT ) , as part of its acquisition of the parent firm , in a merger deal worth $ 4.3bn ( $ 5.7bn ) . The aerospace business will be sold to US rival Arthur J Gallagher for £ 190 m , in a bid to address regulatory concerns . The planned takeover is under review by the regulatory board .
US broker Marsh & McLennan will sell the aerospace insurance business of Jardine Lloyd Thompson (JLT), as part of its acquisition of the UK firm, in a merger deal worth £4.3bn ($5.7bn). The aerospace division will be sold to US rival Arthur J Gallagher for £190m, in a bid to address regulatory concerns. The planned takeover is under review by the European Commission.