Jardine Lloyd Thompson strengthens Employee Benefits unit
Risk specialist and employee benefit consultant group Jardine Lloyd Thompson has completed the purchase of Alexander Forbes Consultants & Actuaries (AFCA), which will be integrated into its Employee Benefits (EB) division.
Risk specialist and employee benefit consultant group Jardine Lloyd Thompson has completed the purchase of Alexander Forbes Consultants & Actuaries (AFCA), which will be integrated into its Employee Benefits (EB) division.
The £17m purchase, first announced in October, is an attempt to enhance the company's ability to "respond to the changing demand of the UK employee benefits market", the firm said in October.
AFCA generated £27.8m of revenue in the year to March 31st.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Duncan Howorth, the Chief Executive Officer of the UK EB unit, said: "This acquisition brings together two employee benefits businesses with highly complementary client offerings that share a similar culture and level of ambition.
"This move further enhances JLT's ability to respond to the changing demands of the UK employee benefits market and to drive the sustained growth of its EB business."
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published