Jardine Lloyd consummates Italian marriage
Insurance company Jardine Lloyd Thompson (JLT) said the proposed combination of its Italian broking business with the business of Italian broker Marine & Aviation.
Insurance company Jardine Lloyd Thompson (JLT) said the proposed combination of its Italian broking business with the business of Italian broker Marine & Aviation.
The transaction has given JLT a 25% interest in the newly formed joint venture, known as Marine & Aviation JLT.
The total consideration for the acquisition was JLT's existing Italian business together with €5.4m (c£4.5m), payable in cash on completion.
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
As part of the transaction, JLT has also acquired a 25% interest in Marine Aviation & General. In total Marine & Aviation's operations generated net revenue of €9.5m in 2010 and produced a profit before taxation of €1m.
Pierluca Impronta, Marine & Aviation's Executive Chairman, said: "The deal will significantly strengthen the services and product offerings of both organisations, combining industry specialist skills to the benefit of existing and prospective clients and builds on the long-standing and excellent relationship between the two companies."
Marine & Aviation is one of Italy's longest established insurance brokers and has been a Lloyd's of London broker since 1993.
JLT's share price rose 0.58% to 693.5p by 14:39.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Annual house price growth halves to 3.5% – ONS
Average UK house prices rose by just 3.5% in the 12 months to April, as stamp duty changes deterred buyers. What’s the outlook for the rest of 2025?
-
Nationwide pays £100 to millions of people – have you received the payment?
Nationwide has started paying its £100 Fairer Share bonus and expects to complete payments by 4 July. We look at who will get it and when.