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Marsh & McLennan, JLT
Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about $5.7 billion to expand its global offering of reinsurance and consulting services.
New York-based Marsh said the purchase of JLT will strengthen its specialty risk broking, expand its global reinsurance network and enhance its position in Asia and Latin America. The companies estimate that Marsh & McLennan's revenue will rise to about $17 billion as a result of the deal.
JLT CEO Dominic Burke will join Marsh & McLennan as vice chairman and a member of the executive committee.
JLT's independent directors were advised by J.P. Morgan Cazenove and Simon Robertson Associates, and Marsh & McLennan was advised by Goldman Sachs Group Inc.
Beals Insurance Agency, Northern United Agents Alliance
Beals Insurance Agency LLC has joined the Northern United Agents Alliance as a participating member.
With offices in Bedford and Londonderry, N.H., Beals Insurance is a full-service independent insurance agency specializing in home, auto, commercial and life insurance.
Headquartered in Concord, N.H., the NUAA is an alliance of independent insurance agents in New Hampshire, Massachusetts and Vermont dedicated to providing client service through the group's relationships with its insurance carrier partners.
The NUAA partnership was formed in 2011 by four independent insurance agencies and has grown to include 35 agencies.
Seeman Holtz, Ritman & Associates
Seeman Holtz Property & Casualty Inc. has acquired Noblesville, Indiana-based Ritman & Associates Inc., which specializes in professional liability insurance.
Jennifer Ritman has built a boutique insurance agency specializing in all things property/casualty with an emphasis on professional liability insurance for attorneys.
Ritman & Associates has been serving Indiana, Illinois, Ohio, Kentucky, Michigan, South Carolina, Wisconsin, Missouri, Arizona, Tennessee, Florida, Maryland, Alabama, Kansas, Mississippi and Virginia for nearly 30 years.
Ritman and her team will be leading the lawyer and business division of Seeman Holtz.
Florida-based Seeman Holtz Property & Casualty targets high-quality independent agencies for geographic expansion and continued growth throughout the United States.
Higginbotham, Hull Agency
Higginbotham and the Hull Agency have merged their insurance services operations in Fort Worth, Texas.
The Hull Agency will partner with Higginbotham's downtown offices to...