Marsh & McLennan has agreed to acquire UK - based insurance broker Jardine Lloyd Thomson for a reported £ 4.3bn ( $ 5.7bn ) . Shares in JLT rose roughly 30 % on the news . The combined entities will have a workforce of approximately 75,000 . US - based Marsh , however , says it expects to cut between 2 % and 5 % of personnel . The cuts will come from broad range of divisions , including finance , insurance and IT , the company noted .
Marsh & McLennan has agreed to purchase UK-based insurance broker Jardine Lloyd Thomson for a reported £4.3bn ($5.7bn). Shares in JLT rose roughly 30% on the news. The combined entities will have a workforce of approximately 75,000. US-based Marsh, however, says it expects to cut between 2% and 5% of personnel. Job cuts will come from broad range of divisions, including finance, HR and IT, the company noted.