Marsh & McLennan has agreed to purchase US -based insurance broker Jardine Lloyd Thomson for a reported £ 4.3bn ($ 5.7bn ). Shares in JLT rose between 2% and 5% on the news. The combined entities will have a workforce of approximately 75,000 . UK Shares in JLT, which traces its roots back to a Hong Kong-based conglomerate that traded opium 180 years ago, shot up more than 30pc on Tuesday after the deal was announced. -based Jardine Lloyd Thomson , however, says it expects to cut roughly 30% of personnel. Job cuts will come from broad range of divisions, including finance, HR and IT, the company noted.
Marsh & McLennan has agreed to purchase US -based insurance broker Jardine Lloyd Thomson for a reported £ 4.3bn ($ 5.7bn ). Shares in JLT rose between 2% and 5% on the news. The combined entities will have a workforce of approximately 75,000 . UK -based Jardine Lloyd Thomson , however, says it expects to cut roughly 30% of personnel. Job cuts will come from broad range of divisions, including finance, HR and IT, the company noted.