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.
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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."
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