Jardine Lloyd Thompson (JLT) said its US-based subsidiary, capital Risk LLC, has acquired the business portfolio and related assets of HCC Employee Benefits. The deal came into effect on 31 December 2003.
JLT said the business acquired specialises in broking life, health and accident insurance. For the year ended 31 December 2002, HCC Employee Benefits had a turnover of US$22.1m.
JLT chief executive Steve McGill said the acquisition reflected JLT's continuing strategy for building its speciality broking business in the US.
